Europe’s stock markets fell at the open on Friday in a global selloff rooted in worries over rising interest rates and surging inflation.
London’s benchmark FTSE 100 index dropped 0.5 percent to 7,467.66 points, one day after the Bank of England hiked interest rates to a 13-year peak and highlighted UK recession risks. In the eurozone, Frankfurt’s DAX index shed 0.8 percent to 13,793.22 points and the Paris CAC 40 lost 1.2 percent to 6,293.10.
Asian equities tumbled Friday after steep Wall Street losses, as traders contemplated a period of fierce monetary tightening by the US Federal Reserve.
Global markets have been battered this year by a series of crises including surging inflation, rising interest rates, China’s economic slowdown and the war in Ukraine.
The Federal Reserve on Wednesday lifted borrowing costs 50 basis points — the most since 2000 — but held off on signalling more aggressive measures.
Source: eNCA
In other news – Londie London Announces she is Expecting Her Second Child
Londie London says her second baby is on the way as she announced with photos of her baby bump. The TV star took to social media, shared snaps of her pregnancy, and revealed the news of her second child.
God’s promises are like the stars; the darker the night, the brighter they shine. His timing is magnificent,” she wrote adding hashtag 2. Friends and fans congratulated her and many expressed excitement. Learn more
