Skip to content

European Stocks Benchmark Sinks Into Bear Market on Growth Woes

  • Index is the last major European gauge to slump 20% from high
  • Fears of hawkish central banks have hammered risk appetite
Updated on

Europe’s Stoxx 600 Index joined US and regional peers in a bear market as fears of a looming recession hammered demand for risk assets.

The index sank 2.3% by the close in London, to the lowest level since December 2020. Total declines from a January record high are now 21%, confirming a technical bear market.