"The market is still panicking about inflation and growth weakening and as a result of that every bounce is short lived," said Chris Beauchamp, chief market analyst at online trading platform IG.
The STOXX 600 has shed more than 15% this year and set for its worst quarter since the COVID-19 led carnage in 2020, as uncertainty about Russia-Ukraine war, soaring price pressures and central bank policy moves to tame it dampen risk appetite.