Europe Markets: European stocks head for worst week in 2 years as global selloff rages on

European stock markets open mostly lower on Friday, tracking a renewed plunge on Wall Street that yanked both the S&P 500 index and Dow average into correction territory on Thursday.

What are markets doing?

The Stoxx Europe 600 index SXXP, -0.38% fell 0.4% to 372.68, building on a 1.6% loss from Thursday. The pan-European benchmark is now on track for a 4% weekly loss, which would be its biggest since February 2016.

Germany’s DAX 30 index DAX, -0.05% wobbled around the flat line, trading at 12,256.74. The German index is now down 9.7% from its record close of 13,559.60 hit on Jan.

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