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European shares open lower

Published: September 10, 2019 14:07:09 | Updated: September 15, 2019 14:02:39


European shares opened lower on Tuesday as investors stayed on the sidelines ahead of the European Central Bank’s monetary policy meeting later this week, reports Reuters.

Weak factory data from China that showed prices shrunk in August at their fastest pace in three years dented investor sentiment already dulled by a weak handover from Wall Street overnight.

The pan-European stocks benchmark index STOXX 600 was down 0.2 per cent by 0706 GMT and looked to extend losses to a second day.

China-sensitive German stocks .GDAXI fell 0.1 per cent, while London stocks .FTSE slipped 0.4 per cent ahead of July unemployment report due later in the session.

 

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