European stocks slumped Monday after a three-day break, reacting to increased U.S.-China trade tensions and a downturn in market sentiment after reaching May. The France CAC 40 PX1, -3.81% fell 3.1% as the Euro Stoxx 50 declined by 3.
2%, with the finance sector skidding, with Credit Agricole ACA, -4.94% and Societe Generale GLE, -5.41% each falling nearly 7%. The FTSE 100 UKX, -0.34% edged 0.4% lower as the London Stock Exchange was open on Friday. Futures on the Dow Jones Industrial Average YM00, -1.01% fell 155 points.