Investing.com — European stocks opened sharply lower on Monday, amid a steep selloff in global equity markets amid fears of a potential U.S. recession.
The in Germany tumbled 2.3%, the in France dropped 2.2%, and the in the U.K. declined by 2.1% at 03:47 ET (07:47 GMT).
Markets were gripped by fears after Friday’s weaker-than-expected nonfarm payrolls data ramped up concerns that the Federal Reserve has keep interest rates high for too long for the economy to see a soft landing.
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