BSS
  26 Jul 2022, 11:20

European equities open on mixed note

LONDON, July 26, 2022 (BSS/AFP) - European stock markets were mixed at the
open on Tuesday as investors remained cautious on the eve of another widely
expected hefty US interest rate hike.

London's benchmark FTSE 100 index of major blue-chip companies rose 0.3
percent to 7,328.86 points, compared with the closing level on Monday.

In the eurozone, Frankfurt's DAX index lost 0.3 percent to 13,168.56 points
and the Paris CAC 40 fell 0.3 percent to 6,218.85.

The US Federal Reserve is widely tipped to hike borrowing costs by 0.75
percentage points on Wednesday as it battles soaring inflation.

US second-quarter gross domestic product data are due Thursday, with some
observers warning it could show the world's biggest economy has entered
recession.