European stock markets sink at open after Fed meeting

27 Jan, 2022

LONDON: Europe's main stock markets sank in opening deals on Thursday after the US Federal Reserve signaled the end of pandemic-era cheap cash and flagged a rate hike in March.

European stocks rally before key Fed update

In initial trade, London's benchmark FTSE 100 index dropped 1.0 percent while Frankfurt's DAX and the Paris CAC each shed about 1.5 percent in value.

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