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Europe: Stocks dive at open

[LONDON] Europe's major stock markets fell heavily in opening trade on Monday, joining a global selloff on intensifying worries over the prospect of rising interest rates in the United States.

In initial trade, London's benchmark FTSE 100 index of leading blue-chip firms sank 1.1 pe rcent to 7,363.41 points, compared with the closing level on Friday.

In the eurozone, the Paris CAC 40 lost about 0.8 per cent to 5,322.94 and Frankfurt's DAX 30 also sank by around 0.8 per cent to 12,687.79 points.

AFP

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