Mon, 01 Mar 2021

European stocks drop at open

News24
22 Jan 2021, 20:12 GMT+10

European stocks fell at the open Friday, extending the previous session's falls as the focus switches back to the economic impact of fresh virus lockdowns.

After a mini boost for equities earlier in the week as Joe Biden took office as US president, stock markets are starting to slip back.

London's benchmark FTSE 100 index opened with a loss of 0.3% at 6 693.37 points, after official data Friday revealed weak UK retail sales and a further surge in government borrowing to support the virus-hit economy.

In the eurozone, Frankfurt's DAX 30 index dropped 0.4% to 13 853.34 points and the Paris CAC 40 shed 0.3% to 5 571.75.

Source: News24

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