European stocks drop, including Rolls-Royce, Air France-KLM
LONDON (MarketWatch) — European stocks opened lower on Thursday, with stocks on the Continent feeling the pressure from the Citigroup-led downturn on Wall Street. Rolls-Royce lost 6.4% as the engine maker said it was cutting 2,000 jobs and Air France-KLM lost 4.2% as the airline reported a 96% profit drop. The U.K. FTSE 100 dropped 2% to 3,926, the German DAX 30 lost 2.5% to 4,244 and the French CAC 40 fell 2.1% to 3,023.
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