European stock markets drop at open

eu stocks

European stock markets slid at the start of trading on Monday and after Tokyo began the week with a heavy loss.

London’s benchmark FTSE 100 shed 0.7 percent to 7,151.35 points compared with the close on Friday.

In the eurozone, Frankfurt’s DAX 30 index lost 0.7 percent to 11,545.97 points and the Paris CAC 40 gave up 0.7 percent to 4,816.98.

Japan’s Nikkei tanked 1.3 percent by the close as the dollar slipped against the yen, weighing on Japanese exporters’ share prices.

The dollar retreated against most of its peers Monday, with warnings of wild volatility ahead as Donald Trump began his presidency promising to put America first and hitting out at global trade deals.

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