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Business

European stocks open in the red

Latest update : 2009-03-30

Following a sharp decline in Asian stocks, European markets followed suit on Monday with London's FTSE losing 2.58% as the CAC in Paris shed 3.32%.

AFP - Europe's main stock markets plunged in early trading Monday following a massive decline in Tokyo, with falls of more than three percent in Paris and Frankfurt.

London's FTSE 100 index of leading shares slid 2.58 percent to 3,798.15 points, the CAC 40 in Paris shed 3.32 percent to 2,746.19 points and in Frankfurt the DAX 30 lost 3.89 percent to 4,040.24.

Japanese shares closed down 4.53 percent on Monday as bad industrial and auto production data fed the gloomy economic outlook and traders rushed to lock in profits made last week.
 

Date created : 2009-03-30

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