FX.co ★ European Shares Sink 6%

The STOXX 50 fell by 6.8% on Monday, hitting its lowest point since August, while the STOXX 600 declined by 5.6%, reaching its lowest level since December 2023. This decline extended the significant losses from the previous week, which was the worst week in terms of performance since 2020. Investor sentiment continues to be heavily impacted by the escalating trade war concerns. The latest development in this ongoing issue occurred when China announced retaliatory actions last Friday, imposing 34% tariffs on a diverse array of US products. This move has heightened tensions and increased fears of a more significant economic impact.