European stocks sink at open in global selloff | Malay Mail

London’s benchmark FTSE 100 index of top blue-chip companies sank 1.8 per cent to 6,999.21 points compared with yesterday’s closing level. — AFP picLONDON, May 11 — Europe’s major stock markets dived by more than 1.5 per cent at the open today, joining a global selloff on heightened inflation fears.

London’s benchmark FTSE 100 index of top blue-chip companies sank 1.8 per cent to 6,999.21 points compared with yesterday’s closing level. In the eurozone, the Paris CAC 40 dropped 1.5 per cent to 6,287.47 and Frankfurt’s DAX 30 lost 1.6 per cent to 15,150.34 points. Asian equities also tumbled, following steep losses on Wall Street, as investors grew increasingly worried about a surge in inflation that could force central banks to wind back their ultra-loose monetary policies earlier than forecast.Related Articles

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Moody’s revises outlook for global airline industry to positive | Malay MailKUALA LUMPUR, May 11 — Moody’s Investors Service has changed the global airline industry outlook to positive from negative, reflecting its expectations of widespread increases in air travel starting in the second half of 2021 and accelerating through 2022. In a statement today, the ratings...
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