European stocks set for muted open after global sell-off on recovery concerns

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European stocks are set for a sluggish open on Friday morning following a global sell-off on concerns about the economic recovery.

The U.K's FTSE 100 is set to open 4 points lower at 7,025, France's CAC 40 is set to open lower by 4 points at 6,383 points, and Germany's DAX is expected to rise by just 1 point to 15,402.

The pan-European Stoxx 600 slid nearly 2% on Thursday, with retailers dropping 3.2% to lead losses as all sectors and major bourses slid deep into negative territory. LONDON — European stocks are set for a sluggish open on Friday morning following a global sell-off onThe U.K's FTSE 100 is set to open 4 points lower at 7,025, France's CAC 40 is set to open lower by 4 points at 6,383 points, and Germany's DAX is expected to rise by just 1 point to 15,402, according to IG.slid nearly 2% on Thursday, with retailers dropping 3.2% to lead losses as all sectors and major bourses slid deep into negative territory.

The plunge for Europe reflected negative sentiment in both Asia and the U.S. Investors also fled to the perceived safety of U.S. government bonds on Thursday, pushing the yield on theOn Friday, shares in Asia-Pacific fell on renewed Covid concerns. In Japan, the Nikkei 225 led losses among the region's major markets as it fell 1.7% in afternoon trade, while the Topix index shed 1.48%.

 

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