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	100,856.03 138.42M	0.51% 509.97
KSE30	49,224.52 8.21M	0.38% 186.04
KMI30	239,806.47 22.98M	0.42% 1008.54
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,245.00	82,000.00 80,225.00	-580.00 -0.71%
BRENT CRUDE	104.34	105.83 104.00	-1.72 -1.62%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.20 0.16%
ROTTERDAM COAL MONTHLY	144.90	144.90 144.90	-0.60 -0.41%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	94.10	95.31 93.58	-0.99 -1.04%
SUGAR #11 WORLD	20.88	21.29 20.80	-0.23 -1.09%