European stocks slump as Fed disappoints

LONDON: European stocks dived in early deals on Thursday after the US Federal Reserve disappointed investors with its economy-boosting plans and warned of serious downside risks amid the stubborn eurozone debt crisis.

London's FTSE 100 index of leading shares tumbled 2.62 percent to 5,150.06 points, Frankfurt's DAX 30 recoiled 3.22 percent to 5,258.42 points and in Paris the CAC 40 shed 2.66 percent to 2,857.86.

Elsewhere, Madrid's IBEX 35 tumbled 2.43 percent to 8,011.1 points and Milan's FTSE Mib index slid 3.02 percent to 13,692.