European indices trade mixed, Greek stocks plunge

FXStreet (Mumbai) - European stocks kick-started the week on a stronger note with the DAX leading from the front after the release of July final manufacturing reports from the Eurozone. However, the gains across the European bourses remained capped as Greece's stock markets showed a huge loss after reopening.

Germany's DAX 30 index edged 0.41% higher at 11,353 while the UK benchmark FTSE 100 pared opening gains and trades -0.10% lower at 6,690. Among the other indices, the French CAC 40 index gains 0.24% to 5,094, and the pan-European Euro Stoxx 50 is advancing 0.37% at 3,614.

However, the Athex Composite Share Price Index slumped 21.87% to 623.13. The index reopened today after being inactive since June 26. Banking sector shares in Greece were hit the hardest, as largely expected, with shares of National Bank of Greece nosediving about 30%.