Europe: Stocks retreat at open

European stocks shot higher in opening trading on Thursday, benefitting from a Wall Street rally and volatile Chinese markets being closed for a long weekend. 

PHOTO: REUTERS

SEP 4, 20153:35 PM

[PARIS] European stocks retreated in opening trade on Friday, giving back much of their gains made the previous day, as investors showed caution ahead of a jobs report that could be key in determining whether US interest rates rise later this month.

London's FTSE 100 index dropped 0.91 per cent to 6,137.60 points, the CAC 40 in Paris fell 0.99 per cent to 4,607.91 and in Frankfurt the DAX 30 also reversed 0.99 per cent to 10,216.17.

AFP