European stocks opened sharply lower on Monday amid concerns over a resurgence of the coronavirus in Asia and the U.S. as lockdowns are eased.

The pan-European Stoxx 600 fell 2.1% at the start of trading, with basic resources tumbling 3.5% to lead losses as all sectors and major bourses tumbled into negative territory.

Markets in Europe are following their Asian and U.S. counterparts lower as concerns over a second wave of coronavirus cases dominate market sentiment. Asian stocks traded lower Monday and U.S. stock futures fell in early morning trading on Monday, pointing to more losses ahead.

Source : CNBC