European indices opened in the red on Monday, reversing some of last week's gains which lifted markets to levels unseen since last summer.
The FTSE 100 has notched up a 7% gain since the turn of the year and has 6,000 in its sights, supported by a brighter global economic outlook and improving corporate earnings figures. However in early trading this morning, London's leading share index declined 0.37% or 22 points, to 5,943, as investors took profits from last week's gains. In Europe the French Cac fell 0.53% to 3,575, while the German Dax dropped 0.36% to 7,132. Meanwhile, Asian markets rose overnight with Japan's Nikkei 225 posting its fifth straight session of gains, up 0.12% to 10,142. The index has gained 20%...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
