European stock markets weak in morning trading

Early trading in Europe has been skittish after a downgrade of France's long-term credit rating by Standard and Poor's on Friday.

Ireland's ISEQ index of shares was up 0.02% to 2,930.01, Britain's FTSE 100 was up 0.2% at 5,649.93 and Germany's DAX added 0.5% to 6,173.91. The CAC-40 in Paris rose just 0.1% to 3,199.57 on the first trading day. Markets in the US are closed for a public holiday today.