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Stocks decline to Wall Street Rout



The pan-European Stoxx 600 fell 0.4 percent during morning trade, with nearly all sectors and major exchanges red. In terms of individual titles, Germany's Delivery Hero was the leader. The online food company has recently sold its German unit for $ 1.1 billion to its Dutch rival Takeaway.com. Their shares rose 10 percent on Monday.

In corporate news, BMW was hit on Monday by the South Korean government with a fine of 11.2 billion won ($ 9.96 million) in engine fires in the country. The shares of the German automaker barely moved and rose by 0.1 percent.

The low volumes are expected to dampen trading activity on Monday and markets should close early before the Christmas break. The FTSE 1

00 closes at 12:30. Other European markets close at 13.00. London time.

Stock markets tumbled on Friday, and the Dow Jones Industrial Average suffered from the worst week since the 2008 crisis, with the Nasdaq Composite slipping into a bear market and the S & P just ahead.


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