European market steady as investors await further US data

The FTSE 100 slipped 0.07 per cent in early trading to 6,527.75 as investors appear to be waiting for further news on the economic situation in the US and the results of the G20 discussions on Syria.

Among the European indices, Germany’s Dax index moved slightly lower by 0.03 per cent to 8,232.19 while France’s Cac 40 dropped 0.02 per cent to 4,006.19 at 8.25am, with only the FTSE EuroFirst 300 staying unchanged at 1,223.73.

The US markets ended yesterday slightly higher, with the S&P 500 up 0.12 per cent and the Dow Jones up 0.04 per cent as data from the US Purchasing Managers’ Index for services hit its highest level since 2005.

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Asian markets, meanwhile, ended on a mixed note, with Japan’s Topix down 0.87 per cent while the Hang Seng in Hong Kong closed 0.29 per cent higher.