European stocks slump to 4-week lows as recession worries mount

European stocks opened lower today, to extend their losses for the second straight day to 4-week lows, due to massive sell-offs in most markets after the release of weak US data that renewed market's fears over a global recession.

As of 10:51 GMT, Stoxx Europe 600 fell by 1.3% (lowest since September 3rd), as it closed yesterday lower by 1.3%, following the release of weak US manufacturing  data. 

The index fell today to extend losses for the second straight day, as most of the European markets and sectors fell.

The mining and core resources sector shed the most in Europe, as it lost 2.5%, on the growing global recession concerns and weak demand.

Yesterday, the monthly reading of the US manufacturing PMI for September showed a drop to the lowest level in more than a decade, its second consecutive monthly drop.

Which has raised fears about the economic health in the US, which is currently involved in the ongoing raging trade war with China.

S&P 500 futures fell by 0.7% to hit a 4-week los, after it closed lower by 1.2% yesterday at Wall Street.

Euro Stoxx 50 fell by 1.4%, in France the CAC 40 also fell by 1.7%, and Germany's DAX shed 1.3%

While in London the FTSE 100 fell by 2.1%, ahead of the British Prime Minister Boris Johnson reveal his final proposal on the Brexit.