European stocks drop amid economic jitters and concerns about the Chinese property sector. The Stoxx Europe 600 falls 0.6%, the FTSE 100 and CAC 40 backtrack about 0.8% and the DAX retreats 1%. Brent crude slips 0.
Wall Street was mixed as Hollywood writers reached a tentative deal to end a strike action.
Her colleague Francois Villeroy de Galhau said earlier Monday that the ECB has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the economy.