Business

IIE DIGITAL DESK: European stocks have fallen sharply, hitting their lowest point in nearly six months, driven by mounting concerns about a potential U.S. recession. The sell-off was triggered by a series of disappointing economic indicators from the United States, raising fears that the world's largest economy could be heading towards a downturn. 

Major European indices experienced significant declines, with investors reacting to weaker-than-expected economic data and uncertainty surrounding U.S. monetary policy. The drop has been exacerbated by ongoing global economic uncertainties and inflationary pressures. 

The European market's decline reflects broader global anxiety as traders brace for possible ripple effects from a U.S. recession. Analysts suggest that continued volatility and economic instability could persist if U.S. economic conditions do not improve. 

In response to the downturn, European investors are closely monitoring developments in the U.S. and adjusting their portfolios accordingly. Market participants are also keeping an eye on potential policy measures from European and U.S. central banks that might influence market sentiment in the coming weeks.European shares tumbled to a near six-month low at the start of the week amid a global sell-off in equities on fears of a slowdown in U.S. economic growth. The pan-European STOXX 600 index was down 3.1% to 482.42 points by 0711 GMT, hitting its lowest since Feb. 13