European stocks slump at open as panic spreads

MG News | February 06, 2018 at 01:53 PM GMT+05:00

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AFP – Europe’s stock markets tumbled by more than 3.0 percent in opening deals on Tuesday, as a fierce global selloff -- rooted in fears of rising US interest rates -- showed no sign of abating.

London's FTSE 100 index sank 3.5 percent to 7,080.61 points, compared with the closing level on Monday. Elsewhere, the Paris CAC 40 dived 3.4 percent to 5,104.28 and Frankfurt's DAX 30 lost 3.6 percent to 12,232 points.

German stock market tumbles 3.6 percent at open

The DAX index of blue-chip German shares slumped in line with other major stock markets around the world as it opened at 9 am (0800 GMT) Tuesday, falling 3.6 percent to 12,232 points.

Shares from all sectors of Europe's largest economy slipped into the red, with the biggest losers including the world's biggest carmaker Volkswagen, airline giant Lufthansa and lender Commerzbank.

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KSE100	171,923.92 201.18M	-0.02% -36.72
ALLSHR	103,750.49 530.84M	0.09% 91.21
KSE30	52,569.45 69.63M	0.02% 11.93
KMI30	245,476.60 69.14M	0.18% 452.72
KMIALLSHR	67,257.62 291.18M	0.29% 193.27
BKTi	47,504.69 24.31M	-0.18% -85.67
OGTi	33,665.32 5.32M	0.53% 178.05

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,165.00	88,450.00 85,135.00	3345.00 3.94%
BRENT CRUDE	59.47	59.82 59.46	-0.35 -0.59%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.25 2.54%
ROTTERDAM COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.68	55.99 55.64	-0.32 -0.57%
SUGAR #11 WORLD	14.57	14.58 14.45	0.09 0.62%