European stocks steady at open

Reported by AAP
Tuesday, August 18, 2015
Sold for $1.3 million one day, no buyers for $440,000 the nextRundown home shows death of mining boom.

Europe's main stock markets were steady at the start of trading despite another plunge on China's main index.

London's benchmark FTSE 100 index on Tuesday edged up 0.06 per cent to 6,554.06 points compared with Monday's close.

Frankfurt's DAX 30 fell 0.22 per cent to 10,916.71 points and the CAC 40 in Paris dropped 0.24 per cent to open at 4,972.79.

The Shanghai index closed down 6.15 per cent on broad worries over the slowing Chinese economy and the government's commitment to prop up shares, dealers said.

Thai shares, meanwhile, notched their steepest decline this year and the baht slid to its lowest level versus the US dollar since 2009 after a bomb attack on Monday killed at least 20 people and injured scores in Bangkok.

The US dollar also headed higher against the euro, helped by improving confidence in the US housing sector ahead of the release of US central bank minutes.

07/10/2015 19:04Sydney, Australia. 7 October,2015