Europe: Stocks waver at open; London loses ground
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
EUROPEAN equities diverged in opening deals on Friday (Jun 17), with London falling after the Bank of England (BOE) lifted interest rates to a 13-year high to tackle surging inflation.
London's benchmark FTSE 100 index slid 0.1 per cent to 7,039.88 points, one day after the BOE lifted its key rate by a quarter-point to 1.25 per cent - and also warned it could act more "forcefully" to combat persistent inflationary pressures.
In the eurozone, Frankfurt's DAX index gained 0.4 per cent to 13,089.35 points and the Paris CAC 40 won 0.2 per cent to 5,895.56.
World equities had tanked Thursday as key central banks hiked interest rates in efforts to tame runaway inflation, actions that raised fears they could spark recessions.
Asian indices fell further on Friday after another hefty drop on Wall Street. AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
