The Business Times

Europe: Stocks drop at open

Published Fri, Jan 22, 2021 · 04:37 PM

[LONDON] European stocks fell at the open on 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 per cent 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 per cent to 13,853.34 points and the Paris CAC 40 shed 0.3 per cent to 5,571.75.

AFP

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