European equities drop at open

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MG News | October 12, 2021 at 01:05 PM GMT+05:00

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October 12, 2021: European stocks opened lower Tuesday, mirroring Asian indices as investors fretted over spiking inflation, signs of economic weakness, an end to central bank support and a global energy crisis.

In initial trade, London's benchmark FTSE 100 index dropped 0.8 percent to 7,090.14 points, compared with Monday's close.

In the eurozone, the Paris CAC 40 shed 0.8 percent to 6,520.70 points and Frankfurt's DAX lost 0.7 percent to 15,098.73.

World markets have come under pressure in recent weeks as the reopening of economies and supply chain snarls ramp up inflation, with a rally in commodity prices a major factor.

All eyes are on the release this week of inflation data in the United States and China, with expectations for multi-high readings that will add pressure to central banks to tighten monetary policy.

AFP/APP

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KSE100 139,794.61
46.07M
1.00%
1382.36
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105.66M
1.08%
925.52
KSE30 42,707.07
26.23M
1.07%
452.22
KMI30 196,913.93
28.73M
1.44%
2804.34
KMIALLSHR 57,526.68
49.41M
1.43%
813.01
BKTi 38,039.08
2.73M
0.55%
207.74
OGTi 28,283.30
11.11M
3.07%
842.67
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Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,305.00 119,430.00
117,905.00
1685.00
1.43%
BRENT CRUDE 72.24 72.82
72.19
-1.00
-1.37%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
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-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.85 70.41
69.83
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