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European stocks steady at start, Frankfurt dips 0.04pc

byShamim Akhter
17/03/2015
in Uncategorized
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LONDON: Europe’s main stock markets steadied at the start of trading on Tuesday after strong gains the previous day.

Frankfurt’s DAX 30 index dipped 0.04 percent to 12,163.08 points after topping 12,000 for the first time Monday.

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London’s benchmark FTSE 100 index of top companies gained 0.25 percent to 6,820.90 points, and the CAC 40 in Paris won 0.09 percent to 5,065.62 points compared with Monday’s close.

European stocks had rallied Monday on optimism over the ECB’s fresh injection of stimulus across the eurozone, while the euro recovered after hitting another 12-year low versus the dollar.

Germany’s leading stock market index smashed through the psychologically important level, one week after the European Central Bank began its 1.14-trillion-euro ($1.201-trillion) bond-buying QE programme that is aimed at stimulating growth and warding off deflation in the eurozone.

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