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European stocks open lower

January 31, 2023 00:00:00

LONDON, Jan 30 (AFP): European stocks slid Monday at the start of a busy week, with interest rate decisions due from the Bank of England, the European Central Bank and the US Federal Reserve.

London's benchmark FTSE 100 index dipped 0.5 percent to 7,729.53 points compared with the closing level on Friday.

In the eurozone, Frankfurt's DAX shed 0.7 percent to 15,049.08 points and the Paris CAC 40 also lost 0.7 percent to 7,050.01.

Asian indices mostly fell as traders struggled to maintain momentum from last week's rally.

"Stocks were on the back foot early Monday as attention shifts to this week's vital Federal Reserve meeting, as well as supporting acts in the shape of ECB and BoE," said Markets.com analyst Neil Wilson.

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