European stock markets drop at open

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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.

The author: Michel DEURINCK

Michel Deurinck, born in Brussels in 1950, started his career in the Belgian civil service, dedicating over 30 years to public service. Upon retirement, he pursued his passion for journalism. Transitioning into this new field, he quickly gained recognition for his insightful reporting on politics and culture. Deurinck's balanced and thoughtful approach to journalism has made him a respected figure in Belgian media.

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