LONDON, Jan 21 (Reuters) - European shares sank 4 percent by late morning on Monday, putting them on track for their biggest one-day fall in more than four and a half years as U.S. recession fears rattled investors and oils and financials took a hammering.
At 1108 GMT, the FTSEurofirst index index of top European shares was down 3.9 percent at 1,304.98 points, a level not seen in eighteen months.
Heavyweight energy stocks were the top individual negative weights, with BP (BP.L: Quote, Profile, Research) down 4.6 percent and Total (TOTF.PA: Quote, Profile, Research) 4.5 percent. But banks were the worst sector, contributing a quarter of the index's losses.
"This looks like a climax sell-off," said Brewin Dolphin chief strategist Mike Lenhoff.
a climax sell off
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$58.89 |
Change
0.370(0.63%) |
Mkt cap ! $11.41B | |||
| Open | High | Low | Value | Volume |
| $58.27 | $58.89 | $58.27 | $19.46M | 331.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 263 | $58.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $58.89 | 2100 | 4 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |