European Stocks Lower in Midday Trading

Posted August 2nd, 2011 at 7:45 am (UTC-5)
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European stock prices are lower in midday trading Tuesday.

London's Financial Times index is down more than one-half of one percent. The CAC-40 in Paris is down four-tenths of one percent, and trading on the DAX index in Frankfurt is down just over one-half of one percent.

In New York, the S&P futures contract is down more than seven points, indicating a lower opening.

Tokyo's Nikkei index dropped nearly one and one-quarter percent to finish at 9,845.

Hong Kong's Hang Seng index fell one percent to finish the day's trading at 22,421.

Gold is trading at $1,627.02 an ounce.

The dollar is trading higher against other major currencies.