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.


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