(Bloomberg) — European stocks sank further from Friday’s record high as sentiment soured across financial markets after a gauge of US manufacturing activity deepened concern that economic growth may stall.
The Stoxx Europe 600 Index dropped 1% by the close in London, its biggest fall in almost a month, after briefly hitting a fresh intraday record at the open. US stocks also dropped as Wall Street reopened after Monday’s Labor Day holiday.
Mining and energy stocks fell the most, weighed down by declining commodity prices, as risk sentiment soured globally. Among individual stocks, shares of Partners Group Holding AG fell as much as 9.7%, the most since March 2020, after the private equity group’s first-half results disappointed investors.
Rightmove Plc shares traded nearly 7% lower after the UK property portal said it hasn’t been approached about a possible takeover by REA Group.
Traders are bracing for further US…
