European stocks drop at open

Reported by AAP
Wednesday, January 14, 2015
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Europe's leading stock markets have fallen sharply at the start of trading after the previous day's rally.

London's FTSE 100 index slumped 1.23 per cent on Wednesday to 6,461.78 points compared with Tuesday's close.

Frankfurt's DAX 30 shed 1.31 per cent to 9,810.70 points and the CAC 40 in Paris slid 1.46 per cent in value to 4,227.46.

European indices had risen strongly on Tuesday, helped by expectations that regional interest rates would remain at very low levels for some time against a backdrop of sliding inflation.

28/01/2015 05:54Sydney, Australia. 28 January,2015