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Stocks fall amid growing recession worries



The pan-European Stoxx 600 began the session around 0.6 percent lower, with most sectors and major bourses in the red. France's CAC index was the worst performer in early deals, falling 1 percent.

Market jitters have grown recently over increasing signs of slowing economic growth and a possible recession. German manufacturing contracted for the third month in a row, IHS Markit data showed Friday, dragging the yield on the 10-year bond into negative territory for the first time since October 2016.

yield curve – which yields bond yields from the shortest maturity to the highest and is considered a barometer of economic sentiment ̵

1; inverted for the first time since mid-2007 on Friday

Looking at individual stocks, LVMH initially dropped 8.8 percent before paring back losses . Reuters reported that the substantial drop at the start of the session was due to a erroneous "fat finger" trade, where a misclick leads to a trade that was larger than expected or made on the wrong stock. Shares of French luxury goods maker were down 0.4 percent.

Bayer, meanwhile, saw its shares fall 2.6 percent after a downgrade from Bank of America Merrill Lynch. The pharmaceutical firm's chief executive recently said its supervisory board continues to support management, after a U.S. jury ruled against the company in a trial over her Roundup weed killer

Elsewhere, U.S. special counsel Robert Mueller's two-year investigation into allegedly coordinating between President Donald Trump's 2016 campaign and Russia has come to an end. Attorney General William Barr said on Sunday that the probe found no evidence of collusion between the Trump campaign and the Kremlin

The news is likely to be a boon to Trump, who long called the "witch hunt" and claimed there was "no collusion" between his presidential campaign and Moscow


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