European Stocks Sink At Open In Global Selloff

Umer Jamshaid Published January 28, 2021 | 02:10 PM

European stocks sink at open in global selloff

European stock markets sank at the open on Thursday, extending the previous day's heavy losses as a global sell-off gathered speed

London, (UrduPoint / Pakistan Point News - 28th Jan, 2021 ) :European stock markets sank at the open on Thursday, extending the previous day's heavy losses as a global sell-off gathered speed.

In early trade, London's benchmark FTSE 100 index lost 0.9 percent at 6,508.14 points, Frankfurt's DAX 30 shed about 1.

0 percent to 13,489.33 and the Paris CAC 40 declined 0.8 percent to 5,416.33.

Asia suffered further losses Thursday, tracking the rout in New York and Europe as investors weathered a perfect storm of worries about the slow vaccine rollout, surging infections, a stuttering economic recovery and high valuations.

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