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Europe: Stocks dip at open after US rate hike

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[LONDON] European stocks slid 0.2 per cent at the open Thursday after the Federal Reserve indicated it will likely embark on a steeper path of interest rate hikes over the next year.

London's benchmark FTSE 100 index dropped to 6,938.55 points, Frankfurt's DAX 30 declined to 11,267.03 and the Paris CAC 40 drifted down to 4,776.83 compared with Wednesday's close.