European equities waver at open

MG News | October 11, 2021 at 12:43 PM GMT+05:00

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October 11, 2021: European stock markets wavered in opening deals on Monday, as dealers mulled disappointing US jobs data.

In initial trade, London's benchmark FTSE 100 index gained 0.2 percent to 7,111.73 points, compared with Friday's closing level.

In the eurozone, the Paris CAC 40 rose 0.1 percent to 6,568.70 points, while Frankfurt's DAX dropped 0.1 percent to 15,193.55.

Most Asian markets rose Monday after US lawmakers averted a painful debt default, while jumping oil prices added to inflation concerns as the Federal Reserve prepares to taper its ultra-loose monetary policy.

Global equities had mainly fallen on Friday following news that the US economy added only 194,000 jobs last month, less than half the number expected by analysts.

The big miss did little to change expectations that the Fed will start winding back its massive bond-buying programme as it looks to keep a cap on price rises just as the global recovery shows signs of slowing.

AFP/APP

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KSE30	50,762.89 101.57M	-1.61% -833.18
KMI30	248,644.12 78.76M	-1.03% -2588.32
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,815.00	76,150.00 75,815.00	-140.00 -0.18%
BRENT CRUDE	97.97	100.83 96.67	-0.32 -0.33%
RICHARDS BAY COAL MONTHLY	127.25	0.00 0.00	-0.50 -0.39%
ROTTERDAM COAL MONTHLY	136.50	137.25 136.50	-0.80 -0.58%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	90.34	92.53 89.07	-0.18 -0.20%
SUGAR #11 WORLD	18.25	18.60 18.13	-0.31 -1.67%