European stocks flat amid China growth slowdown
AFP | Monday, 20 January 2014
LONDON: Europe’s main stock markets were largely flat Monday after losses in Asia as traders reacted to China’s latest economic growth data.
London’s FTSE 100 index of top companies dipped 0.03 percent to stand at 6,831.11 points around midday in the British capital.
Frankfurt’s DAX 30 index slipped 0.14 percent to 9,729.01 points and in Paris the CAC 40 stood at 4,327.14, unchanged compared with Friday’s closing level.
The euro advanced against the dollar.
“European equities are trading lower on the back of weaker markets across Asia and a surprise profit warning by German heavyweight Deutsche Bank,” said Markus Huber, senior analyst at brokers Peregrine & Black.
In foreign exchange activity Monday, the European single currency climbed to $1.3557 from $1.3535 late on Friday in New York.
The euro edged up to 82.46 pence from 82.44 pence on Friday, while the pound rose to $1.6440 from $1.6414.
Gold prices gained to $1,255.21 an ounce from $1,250 Friday on the London Bullion Market.