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Europe: Stocks tumble at open

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Published Thu, May 12, 2022 · 03:35 PM
    • FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File Photo
    • FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File Photo REUTERS

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    EUROPEAN stock markets slumped at the start of trading on Thursday (May 12) following sharp overnight falls in Asia and on Wall Street owing to high inflation concerns.

    London's benchmark FTSE 100 index shed 1.9 per cent to 7,205.30 points.

    In the eurozone, Frankfurt's DAX index slid 2.2 per cent to 13,521.04 points and the Paris CAC 40 retreated 2.4 per cent to 6,122.06. AFP

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