BCN-37 European equities decline at open

237

ZCZC

BCN-37

MARKETS-EUROPE-OPEN

European equities decline at open

LONDON, June 26, 2019 (BSS/AFP) – European stock markets ceded ground at
the open on Wednesday, hit by overnight losses on Wall Street and earlier in
Asia.

Global investor sentiment took a heavy knock after top Federal Reserve
officials dented hopes for a big US interest rate cut next month.

In initial deals, London’s benchmark FTSE 100 index was down 0.1 percent
at 7,413.97 points.

In the eurozone, Frankfurt’s DAX 30 lost 0.1 percent to 12,210.52 points
and the Paris CAC 40 shed 0.2 percent to 5,504.67 compared with closing
levels on Tuesday.

Adding to the downward pressure were worsening tensions between the US and
Iran, as well as jitters before this week’s meeting between US President
Donald Trump and his Chinese counterpart Xi Jinping.

BSS/AFP/HR/1458