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