Europe: Stocks dip at open

[LONDON] European stocks sank at the start of trade on Monday after Germany's troubled Deutsche Bank unveiled plans over the weekend to raise 8 billion euros (S$11.886 billion) in fresh capital.

In initial deals, Frankfurt's benchmark DAX 30 index of major companies slid 0.6 per cent to 11,956.81 points, with Deutsche Bank shares plunging by more than six per cent.

Elsewhere, London's FTSE 100 index lost 0.3 per cent to stand at 7,351.06 points compared with Friday's closing level, while the Paris CAC 40 dropped 0.2 per cent to 4,983.96.

AFP