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Markets

European stocks open lower after Fed holds rates

Published Updated

imageLONDON: Europe's main stock markets fell at the start of trade on Friday after the US Federal Reserve held fire on raising interest rates.

In initial deals, London's benchmark FTSE 100 index dropped 0.28 percent to 6,169.55 points compared with Thursday's close.

In the eurozone, Frankfurt's DAX 30 fell 0.51 percent to 10,177.58 points and the CAC 40 in Paris slid 0.69 percent to 4,623.10.

After a highly anticipated two-day meeting the Fed on Thursday left interest rates near zero, with governor Janet Yellen citing concerns about the world economy and particularly China's sharp slowdown.

Copyright AFP (Agence France-Presse), 2015

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