European stocks slumped on Thursday, with mining stocks losing ground after minutes from the last Federal Reserve interest-rate-setting committee indicating it was soon going to start reducing the rate of bond purchases.
The Stoxx Europe 600
fell 2% to 464.82, in the first opportunity for investors in Europe to react to the Fed news.
Of the major regional indexes, the German DAX
skidded 1.8%, the French CAC 40
slumped 2.9% and the U.K. FTSE 100
The Stoxx Europe 600 basic resources index
dropped nearly 5%. Futures on copper
each fell nearly 3%.
The luxury-goods sector also was in retreat, on worries over China’s crackdown on the wealthy. Kering
fell 8%, and LVMH Moet Hennessy
U.S. stock market futures