One of the major European market indexes FTSE 100 has seen opened trading with a negative bias lowered below its previous closing level of 7,692.04 to the level of 7,635.50. In fact, it couldn’t sustain its opening level and start plunging in its early trading hour.
FTSE 100 is not the only major index showing negative sentiment but another major index DAX also showing the same negative sentiment which opened at the level of 12,504.46 from its previous closing level of 12,609.85.
In fact, the CAC 40 also opened on a negative note and start plunging from its opening level of 5,393.41.
Taking cues from the European market, it is expected to see some influence on the domestic market.