European stock markets open week lower

by Anadolu Agency

ANKARA 

Major European stock exchanges were lower at the opening bell on Monday amid concerns over rising global interest rates.

Last week, a stronger than expected US jobs data bolstered bets for more aggressive US Federal Reserve rate hikes.

On Friday, US non-farm payrolls exceeded expectations with an increase of 263,000 in September, while the overall unemployment rate dropped to 3.5%, the lowest since February 2020.

The market focus will be on US consumer inflation data for September, due on Thursday.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down 0.62%, or 2.42 points, to 389.26.

The UK’s FTSE 100 index fell 0.54%, or 37.49 points, to 6,953.6.

Germany’s DAX 30 decreased 0.85%, or 104.42 points, to 12,168.58.

In France, the CAC 40 opened the day at 5,806.85, a decline of 1.02%, or 60.09 points.

Italy’s FTSE MIB dropped 0.66%, or 137.56 points, to 20,764, while Spain’s IBEX 35 lost 0.51%, or 38.22 points, to 7,398.68.

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