LONDON – European stock markets slid at the start of trading yesterday on US election uncertainty, as President Donald Trump said he will go to the Supreme Court to dispute the vote count.
London’s benchmark FTSE 100 index dropped 0.5% to 5,757.23 points, while the pound slumped more than 1% against the dollar.
In the eurozone, Frankfurt’s DAX 30 index shed 1.7% to 11,878.88 points, and the Paris CAC 40 lost 1% to 4,760.07.
Milan tumbled 1.5%, and Madrid plunged 2%.
The euro was down around 0.5% versus the dollar, while oil prices steadied.
“The US election has become a mess,” said Naeem Aslam, chief market analyst at Avatrade.
“Basically, we are seeing a nightmare situation come true because now, we are talking about legal battles. This uncertainty is going to keep traders on edge.” – Bernama, November 5, 2020
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