LONDON, Oct 10: European stock markets fell on Wednesday after a proposed mega merger beween EADS and BAE fell through and amid continued worries about the global growth outlook.

At the close, London’s FTSE 100 index of top companies ended the day down by 0.58 per cent at 5,776.71 points.

Frankfurt’s Dax 30 fell by 0.41 per cent to 7,205.23 points, while in Paris the CAC 40 gave up 0.50 per cent to 3,365.87 points.

In foreign exchange trading, the euro firmed to $1.2893 from $1.2881 late in New York on Tuesday. Gold prices slipped to $1,763 an ounce on the London Bullion Market from $1,774 an ounce Tuesday.

US stocks dropped amid investor caution after Alcoa said that it saw aluminum demand falling as global economic growth slows.

In midday trade the Dow Jones Industrial Average was down 0.56 per cent, the S&P 500 slipped 0.25 percent, and the tech-rich Nasdaq was lower as well, losing 0.26 percent.—AFP

More From This Section

Saarc urged to form EU-like insurance sector

KARACHI: Saarc states should work together to develop an insurance sector like that of the European Union as the...

Dar takes tax officials to task over target

Chief commissioners were called in to work out means for showing growth in revenue collection to reach the target.

Higher foreign investment remains a dream

KARACHI: Foreign investment is still a dream for the country which succeeded to improve its foreign exchange ...

Heavy vehicles sales show robust growth

KARACHI: Heavy vehicles and light commercial vehicles segments continued to show robust growth, while sales of bikes...

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page