Europe's stock markets sank at the open on Friday after heavy losses elsewhere, as investors fears intensified over a sharp global economic slowdown.[LONDON] Europe's stock markets sank at the open on Friday after heavy losses elsewhere, as investors fears intensified over a sharp global economic slowdown.
In initial deals, London's benchmark FTSE 100 index of major blue-chip companies slid 0.6 per cent to 7,122.65 points. In the eurozone, Frankfurt's DAX 30 index shed almost 0.8 per cent to 11,429.77 points and the Paris CAC 40 dipped 0.6 per cent to 5,233.97, compared with Thursday's closing levels. Equities sank Thursday after the European Central Bank slashed its 2019 eurozone growth and inflation forecasts.Asia joined the selloff on Friday after data showed Chinese trade fell off a cliff last month.
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