Europe: Stocks extend losses at open

EUROPEAN stock markets fell further at the open on Tuesday (Oct 11) as investors worry that massive hikes to interest rates will tip the global economy into recession.

London’s benchmark FTSE 100 index dropped 0.7 per cent to 6,913.13 points.

In the eurozone, Frankfurt’s DAX index shed 0.8 per cent to 12,174.69 points and the Paris CAC 40 lost 0.8 per cent to 5,792.35. AFP