AFP, London :
European stock markets slid at the start of trading on Friday as a rally inspired by the US interest rate hike petered out heading into the weekend break.
London’s benchmark FTSE 100 index dropped 0.8 percent to 6,056.9 points compared with Thursday’s close.
Frankfurt’s DAX 30 shed 0.9 percent to 10,639.9 points and in Paris the CAC 40 lost 1.0 percent to 4,629.6.
Europe’s main indices had rallied Thursday, led by Frankfurt which closed up 2.6 percent, after the US Federal Reserve ended months of uncertainty by raising interest rates for the first time in nearly a decade.
“While Wednesday’s Fed rate hike removed one cloud of uncertainty from the markets… speculation about when the next one is likely to occur is not expected to remain too far away,” said Michael Hewson, chief market analyst at trading group CMC Markets UK.
European stock markets slid at the start of trading on Friday as a rally inspired by the US interest rate hike petered out heading into the weekend break.
London’s benchmark FTSE 100 index dropped 0.8 percent to 6,056.9 points compared with Thursday’s close.
Frankfurt’s DAX 30 shed 0.9 percent to 10,639.9 points and in Paris the CAC 40 lost 1.0 percent to 4,629.6.
Europe’s main indices had rallied Thursday, led by Frankfurt which closed up 2.6 percent, after the US Federal Reserve ended months of uncertainty by raising interest rates for the first time in nearly a decade.
“While Wednesday’s Fed rate hike removed one cloud of uncertainty from the markets… speculation about when the next one is likely to occur is not expected to remain too far away,” said Michael Hewson, chief market analyst at trading group CMC Markets UK.
