ATHENS: European stock markets mostly climbed on Monday awaiting the latest Greek bailout agreement, but London wilted as more poor Chinese data hit heavyweight miners.
London’s benchmark FTSE 100 index dropped 0.77 percent to stand at 6,666.59 points approaching midday in the capital. In the eurozone, Frankfurt’s DAX 30 climbed 0.21 percent to 11,515.63 points and the CAC 40 in Paris won 0.18 percent to 5,163.78 compared with Friday’s close.
In foreign exchange, the euro dipped to $1.0960 from $1.0962 late on Friday in New York. “The weakness in China has not gone unnoticed… with the FTSE underperforming other European indices,” said Brenda Kelly, head analyst at London Capital Group. Shares in oil majors were also hit as world crude prices hit fresh lows.
In late morning deals on the FTSE, Tullow oil was down 3.28 percent to 221 pence and miner Anglo American shed 2.42 percent to 781.10 pence.
