Stockwatch Daily: Europe opens on a downer

NEWS Upon opening this morning, Europe's indices responded accordingly. UK accounting software company Sage was among the notable losers in early morning trading, tumbling more than three per cent. Chip company ARM took a 5.4 per cent drop. Marconi was also down just over 2.5 per cent, while media company Reuters was off more than three per cent. Overall, the FTSE TechMARK dropped down more than one per cent, while the FTSE100 dropped just over half a per cent. The picture was the same across Europe with the DAX down almost 1.5 per cent in Frankfurt and the Paris CAC 40 down almost 0.4 per cent.