European Stocks Tumble for 4th Session
European stocks dropped for a fourth consecutive session on Monday, following a global equity selloff triggered by President Trump’s latest tariff announcements.
The Stoxx 50 plunged more than 7% before closing 5.4% lower, its lowest since August. The Stoxx 600 fell as much as 6% before narrowing losses to end 4.5% down, its lowest since January 2024. Sectors including utilities, retail, insurance, financial services, oil and gas, and chemicals all saw declines of over 5%.
Global markets were jolted during Europe’s afternoon session, briefly recovering after speculation about a potential tariff pause. However, White House Press Secretary Karoline Leavitt dismissed the reports as “fake news.” Just before the European close, Trump added further uncertainty, threatening to increase tariffs on China by another 50% unless it cancels retaliatory duties.
Source : Trading Economics