6/10/2016, 9:22 AM (Source: TeleTrader)
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European markets slide on open

European stock markets traded lower on Friday, with major indexes opening in the red. Oil prices fell and investors in Europe saw a shaky Asian markets session.

The pan-European Stoxx 600 dropped 0.57% and the Euronext 100 fell 0.62% by 9:12 a.m. CET.

In Germany, the DAX index was off 0.80% with all the companies in the red zone. Lufthansa, Deutsche Bank and Volkswagen were the worst performers.

French CAC 40 dipped 0.78% as ArcelorMittal, Accor and AXA were pulling it downward the most. Nokia and Kering were the only gainers.

The FTSE 100 opened 0.40% lower. RBS and Barclays were losing over 1.5% each. Sky Plc added 0.79%.

In Italy, the FTSE MIB was down 0.48%, while the SMI dropped 0.68% in Zurich.

Brent oil dropped 0.85% to $51.42 a barrel, and West Texas Intermediate fell 0.93% to $49.97 a barrel at ICE Futures Europe at 9:07 am. CET.

The euro was flat against the U.S. dollar, British pound fell 0.21% to the euro, and Swiss franc added 0.17% compared to the common currency of 19 nations by 9:20 am. CET. Gold was down 0.06% at $1,268.86 per fine ounce.


Image: A file picture dated 25 August 2015 of share prices on screens at the London Stock Exchange (LSE) in London, Britain. The London Stock Exchange (LSE) Group and Germany's Deutsche Boerse have agreed on are in talks about a merger, according to an announcement by Deutsche Boerse on 16 March 2016. (EPA/Facundo Arrizabalaga)

Breaking the News / ZR