European Stocks Continue to Decline

European stock markets closed lower on Monday, extending losses as investors grew increasingly concerned about a potential recession in the United States. The fears were exacerbated by recent comments from US President Donald Trump regarding the country's economic growth.

Impact of Wall Street's Slump

The downturn on Wall Street has had a ripple effect across the Atlantic, further unsettling European investors. The economic uncertainty is compounded by the ongoing trade tensions and tariff policies initiated by the Trump administration.

Major Indexes and Stocks Hit Hard

Germany's DAX index fell sharply by 1.70%, with Siemens Energy experiencing a significant drop of 9.16%. Similarly, the Euro Stoxx 50 and France's CAC 40 were not spared, declining by 1.56% and 0.90% respectively. Notably, Compagnie de Saint-Gobain saw its shares decrease by 5.48% on both indexes. The UK's FTSE 100 also decreased by 0.92%, with Entain plunging 8.62%.

Currency Movements

In currency markets, the euro and the British pound both weakened against the US dollar. The euro was down 0.08% to $1.08365, while the pound sterling fell 0.21% to $1.28975 by 5:32 pm CET.