European stocks open with further losses after U.S. inflation spike


European stocks opened sharply lower on Monday, retreating for sharply for a second day after the surprising acceleration in U.S. inflation that was revealed by the Labor Department. The German DAX DAX, -1.89% lost 1.2% and the U.K. FTSE 100 UKX, -1.61% fell 0.9%, as all of the major sectors lost ground in early action. Futures on the Dow Jones Industrial Average YM00, -1.99% fell 428 points as the yield on the 2-year Treasury shot up a further 11 basis points to 3.18%.

This article was originally published by Read the original article here.

Previous articleThe New York Post: Google engineer suspended after claiming AI chatbot has feelings
Next articleEuropean stocks slump at the open for second day following U.S. CPI data


Please enter your comment!
Please enter your name here