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European markets see mixed trade
09 Feb 2016 11:11
European stocks were mixed this morning after suffering heavy falls yesterday as concerns persisted over the health of the region's top banks given signs of a global economic slowdown.
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After initial losses, London's FTSE index had gained 0.2% in mid-morning trade, while the Frankfurt DAX was up 0.2%.
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While off its earlier lows, the Paris CAC had dipped 0.1%.
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The Paris and Frankfurt exchanges had lost more than 3% yesterday, London gave up close to 3%, while Milan slumped almost 5% and Athens around 8%.
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Dublin's ISEQ index also quickly reversed its slight opening gains to stand 0.76% lower by 11am this morning.
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More than €4 billion was wiped from the value of Irish shares yesterday as the ISEQ sank 5.4% - its worst performance since August 2010.
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Earlier in Asian trade, Tokyo shares tumbled more than 5%, extending a global sell-off as a stronger yen dented exporters and after oil prices tanked again on fears of a deepening economic slowdown.
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