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Europe: Stocks slide at open on Deutsche Bank woes
[LONDON] European stock markets slumped at the start of trading on Friday as Deutsche Bank shares plunged on widening concerns over its weak financial strength, in turn weighing on its peers.
Frankfurt's DAX 30 index slid 1.6 per cent overall as Deutsche Bank shares plunged more than 7.0 per cent in value.
London's benchmark FTSE 100 index shed 1.3 per cent to 6,831.12 points, with Royal Bank of Scotland and Barclays tumbling more than 4.0 percent.
The Paris CAC 40 meanwhile lost 1.4 per cent to 4,383.70 points compared with Thursday's close.