European stocks drop at open

Reported by AAP
Thursday, May 14, 2015
Australia's richest and poorest postcodesOne pocket of Sydney's eastern suburbs earn close to nine times more than those who live in the country's poorest area.

European stock markets have fallen at the start of trading, with London's benchmark FTSE 100 index down 0.41 per cent at 6,921.22 points.

Elsewhere on Thursday, the CAC 40 in Paris shed 0.39 per cent to 4,942.49 points and Frankfurt's DAX 30 reversed 0.42 per cent to 11,304 compared with Wednesday's close.

Asian equities mostly retreated Thursday following another set of below-forecast US data, with Tokyo taking the biggest hit as the yen advanced against the dollar.

Wall Street had finished little changed in choppy trade overnight after a lacklustre US retail sales report and disappointing earnings from Macy's.

30/05/2015 08:16Sydney, Australia. 30 May,2015