European Markets See Sharp Slump, Asian Shares, US Stock Futures Down

European stocks fell to a 16-month low Monday, extending last week’s slump as investor sentiment was dampened by falling bond yields and crude oil prices declined another 2 percent after a meeting between OPEC producers Saudi Arabia and Venezuela provided no indication that the countries would take measures to boost prices.

Germany’s DAX was the biggest loser, down 2.4 percent, while the French CAC 40 declined by 2.29 percent and London’s FTSE 100 was down 1.76 percent. The pan-European Stoxx 600 was down 2.5 percent.