Europe: Stock markets slump at open

[LONDON] European stock markets sank further in opening deals on Wednesday, as global stimulus measures failed to offset expectations that coronavirus would tip the world into recession, dealers said.

In initial deals, London's benchmark FTSE 100 index shed 3.4 per cent to 5,116.85 points.

In the eurozone, Frankfurt's DAX 30 tanked 4.0 per cent at 8,581.04 points and the Paris CAC 40 dropped 2.3 per cent to 3,898.05 points.

AFP

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL