(Bloomberg) — European equities plunged the most since 2016, putting them on course to enter a bear market, as a price war in oil dealt a new blow to a global economy already grappling with the coronavirus.The Stoxx Europe 600 Index plunged 6.6% as of 8:25 a.m. in London, even though some heavyweight members had not yet opened, taking its slide since a Feb. 19 record to 21%. Energy shares plummeted after the dramatic collapse of talks between OPEC and Russia prompted Saudi Arabia to launch a price war.A sharp sell-off in European stocks since last month’s peak, prompted by …read more
Source:: Yahoo Finance
