Europe: Stocks slide at open
[LONDON] Europe's main stock markets slid at the start of trading on Thursday following losses in Asia and on Wall Street in the wake of poorly-received US economic data.
London's benchmark FTSE 100 index dropped 0.53 per cent to 6,953.98 points.
Frankfurt's DAX 30 index shed 1.09 per cent to 11,736.34 points and the CAC 40 in Paris lost 0.57 per cent to stand at 4,992.55 compared with Wednesday's close.
Investors ran for the sidelines, first in New York on Wednesday, after the US Commerce Department said durable goods orders fell in February.
The news will likely put back the US Federal Reserve's timeline on when to raise interest rates, while fuelling fears about the global outlook according to analysts.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade