European stocks fell sharply at the start of trade Monday as global volatility continues.
LONDON — European stocks fell sharply at the start of Monday's session, as global volatility continues amid concerns of a looming U.S. recession.index was 2.2% lower by 9:24 a.m. London time, with all sectors and major regional bourses trading in the red. Tech stocks shed as much as 5% before paring losses slightly to trade down 2.1%. Oil and gas stocks also lost 3.3%, while miners were 3.92% lower.The VIX, a measure of expected market volatility, jumped to 41.
CNBC Daily Open: Markets fall with Japan stocks in bear territory; Berkshire's cash hoard at record high The yen, meanwhile, rose to its highest level against the dollar since January and was last seen trading at 143.55. Earnings in Europe come from Uniper, Infineon, Monte dei Paschi and Palantir Technologies on Monday. Data releases include services purchasing managers' index data from the U.K, Italy and Spain.2024 Paris Olympics
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