European Stocks Sink At Open
Faizan Hashmi Published February 26, 2021 | 01:40 PM
London, (UrduPoint / Pakistan Point News - 26th Feb, 2021 ) :European stock markets sank at the open on Friday, joining a global selloff on fears that this year's expected economic recovery will fuel inflation and spark interest rate hikes.
London's benchmark FTSE 100 index of major blue-chip companies fell 1.2 percent to 6,570.36 points.
In the eurozone, Frankfurt's DAX 30 dropped 1.4 percent to 13,680.37 points and the Paris CAC 40 lost 1.5 percent to 5,697.54.
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