London's FTSE drifts lower at open

AFP
London's benchmark FTSE 100 index jumped 1.29 percent to close at 6,742.10 points
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London's benchmark FTSE 100 index jumped 1.29 percent to close at 6,742.10 points (AFP Photo/Leon …

London (AFP) - London's leading share index slipped at the start of trading on Wednesday despite gains in Asian markets and on Wall Street.

The FTSE 100 index was down 0.03 percent at 6,820.64 points in early deals compared with Tuesday's closing values.

Asian markets mostly ticked higher Wednesday following another record close on Wall Street as investors welcomed more upbeat data indicating the US economy is back on track.

Tokyo ended marginally stronger, adding 13.60 points to 15,534.82 while Shanghai put on 0.11 percent, or 2.36 points, to end at 2,209.47.

US stocks jumped anew Tuesday after the Conference Board said consumer confidence rose in August for a fourth straight month, while durable goods orders surged in July, according to the Commerce Department.

The news sent the S&P 500 up 0.11 percent to 2,000.02, ending above the 2,000 benchmark for the first time.

The Dow rose 0.17 percent to 17,106.70, just shy of a record high touched intra-day, while the Nasdaq added 0.29 percent.

Elsewhere in Europe Frankfurt's DAX 30 dipped 0.04 percent to 9,583.98 points on Wednesday and the CAC 40 index in Paris fell 0.2 percent to 4,384.53.

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