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European stocks kick off in the red- FTSE falls towards 7,300
The European stock markets have just reopened and it has not been a positive start to the day. The DAX has fallen below 20,300 and the CAC is flirting with a deeper move potentially below 7,450. The FTSE 100 is edging back towards the 8,300 handle. As already covered here this morning, the FTSE 100 was the second best performing major European index, but right now in percentage terms, it is the worst. The dollar is higher again versus the Yen and that comes as US yields lift and that is pushing the positive stock dynamic a little lower. The FTSE 100 is currently trading at 8,307
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