Europe Stocks Slide for Fourth Day as Brexit Concerns Intensify
- Polls indicate vote on U.K.’s EU membership too close to call
- European stock volatility is at highest level since February
European Stoxx 600 Opens Week With 1.6% Decline
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European stocks slid to their lowest in almost four months as investor anxiety that the U.K. will leave the European Union deepened.
The Stoxx Europe 600 Index fell 1.8 percent to 326.8 at the close of trading. Shares Friday slumped the most since the nadir of the February selloff as risky assets were shunned before a slew of monetary-policy and political events. The equity gauge has traded in a range of less than 25 points since March, struggling to hold on to gains after surging 16 percent from its February low to an April 20 high. A measure of stock volatility jumped 14 percent today, for its biggest four-day increase since August.