Sunday, October 26, 2014   

European stocks fall at open
(03-20 16:32)

European stock markets fell in initial deals on Thursday, mirroring drops on Wall Street and in Asia on the prospect of a hike in US interest rates sooner than expected.
London's benchmark FTSE 100 index fell 0.40 percent to 6,546.73 points.
The CAC 40 in Paris shed 0.76 percent to 4,275.26 points and Frankfurt's DAX 30 lost 0.66 percent to 9,215.70 compared with Wednesday's closing values.
Wrapping up a two-day policy meeting on Wednesday, the US Federal Reserve said it would cut a further $10 billion from its monthly stimulus programme, as widely predicted.
But Fed chief Janet Yellen rattled markets by saying the time frame for raising US interest rates could be "on the order of around six months'' after the stimulus ends.
With the stimulus likely to wrap up by year's end, Yellen's comments suggest a hike to the Fed's main interest rate in early 2015. Expectations had been for an increase late next year.
Wall Street closed lower in reaction, while Asian stock markets ended with large falls on Thursday. --AFP
   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

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