European Stocks Deepen Losses as US Jobs Data Disappoints

European markets accelerated their decline following a slump on Wall Street at the open, driven by weaker-than-expected US July jobs figures. Milan’s FTSE MIB plunged 2.67%, dragged down by steep losses in banking stocks. Bper Banca slid 4%, while Banco BPM and UniCredit both fell 3.6%. The sell-off extended across major bourses: Paris’ CAC 40 dropped 2.61%, Frankfurt’s DAX lost 2.27%, and Madrid’s IBEX 35 retreated 1.6%. London’s FTSE 100 proved more resilient, closing 0.7% lower.