Catching up to Friday afternoon's big losses in the U.S., Europe closes sharply lower, the Stoxx...

|By:, SA News Editor

Catching up to Friday afternoon's big losses in the U.S., Europe closes sharply lower, the Stoxx 50 -1.1%, led by Spain -1.9%. The euro -0.4% to $1.2788. It's a 2-month low for the currency as Medley Advisors - its clients likely short euros and looking to cover - says the ECB is considering a December rate cut.