European stocks sink at open
LONDON, Oct 3, 2022 (BSS/AFP) - European stocks sank in opening deals on
Monday, taking their cue from pre-weekend losses on Wall Street.
London's benchmark FTSE 100 index shed 0.6 percent to 6,855.67 points, as
investors also digested news that the UK government has scrapped a proposed
tax cut for the wealthiest earners in a major U-turn following an uproar.
In the eurozone, Frankfurt's DAX index lost 1.0 percent to 11,992.26 points
and the Paris CAC 40 dropped 0.9 percent to 5,708.59 compared with Friday's