European equities lose ground at open

By MG News | January 21, 2022 at 02:13 PM GMT+05:00

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January 21, 2022: Europe's main stock markets slid in opening deals on Friday after earlier losses in Asia and overnight on Wall Street, dented by fears of rising interest rates.

London's benchmark FTSE 100 index of major blue-chip companies dropped one percent to 7,506.90 points compared with the closing level on Thursday, as investors also digested sliding UK retail sales.

In the eurozone, Frankfurt's DAX shed 1.4 percent to 15,691.62 points and the Paris CAC 40 lost 1.5 percent to stand at 7,087.04 points.

Markets fell in Asian trade Friday following another wave of losses on Wall Street as traders returned their focus to the Federal Reserve's plans to ramp up interest rates, while oil prices sank from their seven-year highs.

Economies worldwide are battling decades-high inflation that is forcing central banks to lift interest rates, including the Bank of England.

AFP/APP

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Name	Price/Vol	%Chg/NChg
KSE100	132,755.56 100.58M	-0.49% -647.63
ALLSHR	83,047.32 562.99M	-0.17% -140.74
KSE30	40,401.79 35.91M	-0.61% -249.67
KMI30	191,100.23 40.49M	-0.51% -983.69
KMIALLSHR	55,744.23 286.51M	-0.19% -103.46
BKTi	36,231.91 6.36M	-0.52% -190.97
OGTi	28,278.11 7.33M	-0.56% -159.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,215.00	109,545.00 108,625.00	0.00 0.00%
BRENT CRUDE	70.13	70.15 69.85	-0.02 -0.03%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.28	68.31 67.78	-0.05 -0.07%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%