5/6/2022, 11:35 AM (Source: TeleTrader)
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European markets extend losses, DAX drops 200 points

European markets extended losses on Friday as the global sell-off continued after Wall Street recorded the worst day since 2020. Investors continued to closely watch the conflict in Ukraine and the European Union's efforts to impose an embargo on Russian oil despite opposition from some member states.

The DAX slid 1.52% or 212 points at 11:27 am CET. Zalando, down 6.56%, led the losses, followed by Adidas, whose shares slumped 5.16% after disappointing earnings.

The FTSE 100 lost 0.87% at 11:35 am CET with OCado Group and IAG Group plummeting more than 7.5%.

The CAC 40 dropped 1.38% at 11:34 am CET. The worst performer was AXA, whose stock tumbled 7.88% at 11:29 am CET.

Baha Breaking News (BBN) / NP