European stock markets were mixed at the open on Thursday following losses in Asia and Wall Street over concerns about inflation and rising interest rates.
London’s FTSE 100 was down 0.3 percent to 6,904.82 points as Britain’s embattled Prime Minister Liz Truss was rocked by fresh chaos following her disastrous budget plan, with her hardline interior minister quitting her post, reports BSS.
The Frankfurt DAX shed 0.5 percent to 12,674.63 points while the Paris CAC 40 bucked the trend as it rose 0.3 percent at 6,059.62 points. Wall Street fell on Wednesday as the yield on the 10-year US Treasury note, a proxy for Federal Reserve interest rates, jumped above four percent.
The Fed, meanwhile, warned that economic prospects are becoming “more pessimistic” in the United States on growing worries of weaker demand, citing heightened inflation and rising interest rates.
