- Volatility index hits highest since March 2022
- Major European exchanges touch multi-month lows
- Euro zone business growth at a standstill, survey shows
- Galderma up after L’Oreal says it will buy 10% stake
- STOXX 600 closes down 2.2%
STOXX 600 hits six-month low in global rout on US recession fears
Aug 5 (Reuters) – The main European stocks index hit its lowest in over six months on Monday as fears of a slowdown in the world’s largest economy knocked equities globally, with energy and utility stocks at the forefront of a broad-based market slide.
The STOXX 600 (.STOXX) closed 2.2% lower, but off the day’s low. The continent-wide index logged its steepest three-day decline since June 2022, closing below the key 500-point mark for a second day.
The “fear gauge” Euro STOXX volatility index (.V2TX)
