European stocks opened sharply lower on Monday, amid a steep selloff in global equity markets amid fears of a potential U.S. recession.tumbling 13% to hit nine-month lows, entering bear market territory and marking its biggest one-day percentage drop since October, 1987.
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.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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