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European Stocks Fall At Open

by WorldFinance
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European stock markets fell slightly at the start of trading Friday, extending the previous session’s much bigger losses after central banks worldwide hiked interest rates.

London’s benchmark FTSE 100 index dipped 0.1 percent to 7,154.20 points ahead of a UK budget aimed at tackling sky-high inflation.

In the eurozone, Frankfurt’s DAX index dropped 0.3 percent to 12,496.46 points and the Paris CAC 40 shed 0.3 percent to 5,900.68.

Eurozone indices closed down nearly two percent Thursday, and London more than one percent, in a week when central banks have again hiked interest rates by big amounts in a bid to cool inflation.

 

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