European markets start mixed

Monday, 25. April 2016 09:14

Stock markets in Europe opened mixed on Monday following a cautious trading session in Asia. Investors will be looking at some economic data from Germany and other European countries. Oil prices were falling in the Asian trade but recovered slightly in the European morning trade.

The German DAX index opened 6 points higher at 10,379 points, and was up 0.18%.

In France, the CAC 40 slipped 8 points to open at 4,571 points.

The London's FTSE 100 inched up 0.07% at open. Asthead and Imperial Brands took an early lead, while BHP Billiton Anglo American, Rio Tinto and Glencore nested the losing side of the board.

In Zurich, the Swiss Market Index jumped 13 points to open at 8,122 points and was down 0.05% by 9:20 a.m. CET. Actelion, Novartis and SGS were among advancers, and LafargeHolcim, Roche and ABB were early decliners.

In Wien, the ATX index rolled down 0.13%. The working-day-adjusted production index for industries and construction has increased by 0.4% in February 2016 versus February last year. In comparison to January 2016 it decreased by 1.1% too, according to calculations by Statistics Austria.

The Netherlands' AEX index fell 0.65% by 9:20 a.m. CET, with Philips losing 3.26% after releasing earnings report. KPN was up 0.73%.

The euro was rising 0.24% against the U.S. dollar, and was up 0.15% versus the U.K. pound and just 0.01% up compared to the Swiss franc at 9:24 a.m. CET.

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Author:
Breaking the News / ZR