European stock markets tumble at open

August 5, 2024

European equities hit a six-month low on Monday amid global market concerns over a potential U.S. economic downturn. The STOXX 600 index declined by 3.1%. Financial sectors experienced the most substantial losses. Galderma and OCI Global were notable exceptions, showing gains due to acquisition-related developments by L’Oreal and Woodside Energy, respectively.

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