Europe: Equities weaken at open
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EUROPEAN stock markets fell at the open on Monday (Jul 25) as investors brace for another hefty US interest rate hike and the latest major company earnings.
London's benchmark FTSE 100 index of major blue-chip companies shed 0.3 per cent to 7,254.94 points, compared with the closing level on Friday.
In the eurozone, Frankfurt's DAX index lost 0.4 per cent to 13,206.21 points and the Paris CAC 40 fell 0.2 per cent to 6,205.23.
The US Federal Reserve is widely forecast to hike borrowing costs by 0.75 per centage points on Wednesday as it battles soaring inflation.
Markets were roiled last week as the European Central Bank finally began ramping up interest rates to tackle runaway consumer prices in the eurozone.
The ECB had surprised investors on Thursday with a bigger-than-expected rate increase of 0.5 per centage points. AFP
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