Europe Stocks Selloff Deepens as Global Growth Worries Intensify
- Miners fall the most as commodities resume their drop
- U.K.'s FTSE 100 is the biggest decliner in western Europe
Stock Selloff in Europe Shows No Sign of Slowing
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The plunge that led Europe’s equities to their biggest monthly losses since 2011 is showing no signs of easing.
The Stoxx Europe 600 Index sank 2.7 percent on Tuesday, and dropped as much as 3.3 percent. The measure followed Asian stocks lower after a report showed China’s official factory gauge dropped to a three-year low, while separate data signaled manufacturing in the euro area shrank more than initially forecast and output in the U.S. expanded at the slowest pace since 2013. Miners again were the most hurt among European industry groups, sliding 5.6 percent as commodities resumed their declines.