4/11/2016, 9:17 AM (Source: TeleTrader)
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European markets slide on start

European stock markets opened mostly lower on Monday, following the sentiment seen in Asia. The super-strong yen, which broke through the ¥108 mark influenced trade in Asia, ahead of the speech by Bank of Japan's Governor Haruhiko Kuroda.

"The Bank of Japan will not hesitate to take additional easing steps if needed to achieve its inflation target," said Kuroda in a speech during the annual bankers' trust meeting.

In Frankfurt, the DAX index opened down 0.35% at 9.589 points. Early decliners: SAP, Fresenius, Vonovia. Advancers: Volkswagen, BMW, Continental, Deutsche Bank, Henkel.

The French CAC 40 index slid 0.32% at 4,289 points. Early decliners: CAP Gemini, Publicis, Airbus Group, L'Oreal. Gainers: Orange, and banks Société Générale, Crédit Agricole, BNP Paribas.

Across La Manche, the FTSE 100 index rolled down at the open 0.34% at 6,183 points. There were early gains in mining sector for Anglo American, Fresnillo, Randgold Resources, Glencore, Rio Tinto

The Swiss Market Index opened at 7,752 points and was falling 1.17% by 9:08 a.m. CET. Nestlé was the biggest loser, falling 3.24% on ex-dividend, and there were virtually no stocks in the green.

The euro fell 0.15% against the Japanese yen, but was stronger 0.05% versus the Swiss franc, 0.09% against the U.S. dollar, and 0.12% versus the U.K. sterling at 9:10 a.m. CET.

Oil prices were falling, and the U.S. light sweet crude WTI dropped 1.17% to $39.26 a barrel, while the international benchmark Brent fell even more, down 1.20% to $41.44 a barrel at the ICE Europe by 9:27 a.m. CET.

Breaking the News / ZR