European stock markets sink at open after Fed meeting

January 27, 2022: Europe's main stock markets sank in opening deals on Thursday after the US Federal Reserve signalled the end of pandemic-era cheap cash and flagged a rate hike in March.

In initial trade, London's benchmark FTSE 100 index dropped 1.0 percent while Frankfurt's DAX and the Paris CAC each shed about 1.5 percent in value.

AFP/APP

Posted on: 2022-01-27T13:57:52+05:00

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