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European Stocks Fall Further Following Monday's Rout


LONDON ( The Deal) -- European stocks slipped further on Tuesday after Monday's rout, despite intervention by Chinese authorities to shore up domestic markets.

In London, the FTSE 100 was down 0.10% at 6,087.33 by late morning after erasing initial gains. The index had closed down 2.39% on Monday, the first trading day of the year.

In Frankfurt, the DAX was down 0.73% at 10,208.56 after sustaining a 4.28% loss on Monday. The CAC 40 in Paris slipped 0.58% to 4,496.11. Investors had wiped 2.47% off the value of the French benchmark on Monday amid panic triggered by plunging Chinese equities and the suspension of trading on mainland Chinese bourses.

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In the eurozone, figures from statistics agency Eurostat showed that the December inflation rate was more subdued than expected, holding steady at 0.2% compared with market expectations for a 0.3% rate of price...