European stocks stable in opening trade

EUROPEAN stock markets are steady at the start of trading.

London's FTSE 100 index of top companies was up 0.05 per cent at 6,249.70 points at the open on Tuesday.

Frankfurt's DAX 30 firmed 0.07 per cent to 7,643.54 points and in Paris the CAC 40 drifted 0.13 per cent lower to 3,654.32.

European equities tumbled on Monday and the euro dropped against the dollar amid fears of political turmoil in Spain and Italy, with banking shares suffering some of the heaviest losses.

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