European stocks drop at open

MG News | January 22, 2021 at 01:46 PM GMT+05:00

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January 22, 2021: European stocks fell at the open Friday, extending the previous session's falls as the focus switches back to the economic impact of fresh virus lockdowns.

After a mini boost for equities earlier in the week as Joe Biden took office as US president, stock markets are starting to slip back.

London's benchmark FTSE 100 index opened with a loss of 0.3 percent at 6,693.37 points after official data Friday revealed weak UK retail sales and a further surge in government borrowing to support the virus-hit economy.

In the eurozone, Frankfurt's DAX 30 index dropped 0.4 percent to 13,853.34 points and the Paris CAC 40 shed 0.3 percent to 5,571.75.

AFP/APP

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KSE30	48,641.27 7.82M	-0.86% -422.61
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,870.00	84,945.00 82,630.00	-1745.00 -2.06%
BRENT CRUDE	111.26	111.34 109.81	2.44 2.24%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.75 -1.34%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.60 1.10%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	99.12	99.18 97.72	1.97 2.03%
SUGAR #11 WORLD	20.47	20.74 20.27	-0.05 -0.24%