Europe plunges amid Fed, earning reports

Thursday, 27. January 2022 09:05

European equities tumbled at the opening on Thursday as global markets are reacting to the US Federal Reserve's latest monetary policy decision. Earlier, the GfK institute informed that consumer confidence in Germany has stabilized in January, and results from Deutsche Bank and SAP were released.

Germany's DAX started the day down by 1,64% at 9:01 am CET, with Delivery Hero dropping 5.76%. France's CAC 40 fell 1.50%, while Dassault Systemes decreased 3.17%, and the FTSE 100 declined 1.03% as Fresnillo slumped 4.80%.

The euro was down by 0.37% against the dollar at 8:58 am CET, selling for $1.11988, as the pound dropped by 0.36% to go for $1.34127 at the same time.

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