Europe open: Eurozone PMI, new UK leader make investors wary

European share markets opened flat on Wednesday as weak eurozone PMI data and the arrival of Boris Johnson as the UK's next leader made investors wary.

The pan-Europe Stoxx 600 index was down 0.21% after purchasing manager surveys showed July euro zone business growth to be weaker than expected in Jul with the manufacturing sector contracting further.

In equity markets, miners were in the red as copper and iron ore prices declined, with Rio Tinto, Anglo American and BHP all lower.

Aston Martin Lagonda was lower after the luxury car maker cut its sales and profit forecasts for this year, highlighting macroeconomic uncertainty and weakness in UK and European markets.

Shares in Deutsche Bank fell 3.7% after it reported a bigger than expected loss, while those in luxury car maker Aston sank 23.2% after it cut its annual forecast for wholesale sales.