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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ALLSHR	108,500.47 503.47M	0.91% 973.08
KSE30	53,511.96 95.62M	0.92% 489.08
KMI30	256,509.95 90.35M	0.68% 1720.69
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,610.00	63,045.00 62,390.00	245.00 0.39%
BRENT CRUDE	76.09	77.00 75.85	-0.99 -1.28%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	125.90	125.90 125.90	-0.15 -0.12%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	72.28	73.18 72.03	-0.93 -1.27%
SUGAR #11 WORLD	13.92	13.96 13.83	-0.03 -0.22%