European stocks headed for the longest series of declines on fears of investors that the central bank may not be willing to continue to support economic growth with loose monetary policy.
European Stoxx Europe 600 index fell 1.6%, to 340 in the afternoon during the trading session in London. All Western European stock markets and industries showed decline.
VStoxx Index, which tracks a measure of the volatility of stock euro zone, headed for its biggest jump since January, signaling the return of instability after a long period of calm in the financial markets.
The Spanish IBEX 35 index, Greece ASE index and the Italian FTSE MIB index fell the most on Monday, losing an average of 2.3%. Stoxx 600 Index rose as much as 14% since the British decision to leave the EU.
Reserve Bank of Boston President Eric Rosengren warned that the United States economy may grow too rapidly, if the policy is tightened with the tightening of monetary policy.
The mining industry has demonstrated the worst performance among 19 industry groups that are included in the Stoxx 600 amid falling value of commodities.
Based on materials WELTRADE