In France, the CAC 40 fell 129.99 points, or 4.01%, to 3,115.38. And in Germany, the DAX Index skidded 199.84 points, or 5.66%, to 3,332.65 as the German PMI index decreased to 50.8 from 50.9.
On Tuesday, the main European economic data will be EMU unemployment. On the corporate front, Novo Nordisk will post results.
In Asia, the markets finished lower. The Nikkei was down 4.73 points, or 0.05%, to 9,704.93, weighed down by declines in semiconductor-related shares after Tokyo Electron lowered its fiscal year 2002 (ends March 2003) earnings projections and National Semiconductor of the U.S. revised down its June-August sales forecast. However, the market was supported by hopes of a tax cut.
In Hong Kong, the market lost 129.39 points, or 1.29%, to 9,862.33.