[LONDON] Europe's major stock markets dipped in early deals on Thursday as investors tracked Hurricane Laura, which has now made landfall in Louisiana, stoking concerns over the US economic outlook.
Dealers were also awaiting a key speech by Federal Reserve chief Jerome Powell for any lead it may give on the future direction of US monetary policy. London's benchmark FTSE 100 index of major blue-chip companies declined 0.3 per cent to 6,025.71 points in early morning deals. In the eurozone, Frankfurt's DAX 30 index was 0.2 per cent lower at 13,165.95 points and the Paris CAC 40 lost 0.4 per cent at 5,029.31.
"Investors are concerned about the economic damage that Hurricane Laura is going to cause," noted Avatrade analyst Naeem Aslam.
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