European markets closed down on Monday even though U.S. markets jumped into positive territory after opening.
The Euro Stoxx 50 lost 1.41% to 3,010.48.
Oil pared earlier losses to climb into positive territory. West Texas Intermediate was up 1.16% at $46.41 and Brent Crude was up 1.12% at $48.55 a barrel.
Comments from Boston Fed Bank head Eric Rosengren on Friday rattled markets today. Rosengren warned that assets including commercial real estate could become "too ebullient" if rates stay too low for too long. The comments came as a surprise since he delivered them after some relatively weak economic data. The Fed meets on Sept. 20 and 21 to set rates. All major U.S. benchmarks closed down Friday well over 2%.
In London, the FTSE 100 closed 1.12% down at 6,700.90.
SVG Capital closed more than 14% up after private equity fund-of-funds HabourVest made an all-cash offer for the U.K.-listed private equity fund. The deal is valued at £1 billion ($1.4 billion).
Retailer Marks & Spencer (MAKSY) fell more than 4% on Monday. The company today announced that its executive director for multi-channel Laura Wade-Grey would not be returning to the company after her maternity leave. Wade-Grey, who was in charge of encouraging consumers to shop in a variety of ways, will step down from the board immediately.
Primark-owner Associated British Foods (ASBFY) closed 10% down. Same-store sales fell 2% in the 53 weeks to Sept. 17. Sales at the fast-fashion retailer were "affected by unseasonable weather - warm weather in the pre-Christmas period and a very cold March and April."
The Dax closed 1.42% down in Frankfurt at 10,424.23 and the Cac 40 lost 1.22% to 4,436.75 in Paris.
In Madrid the Ibex 35 had lost 1.95% to 8,849.60.
Shares in energy company E.ON (EONGY) closed more than 14% down after spinning off its fossil fuel and energy trading arm. Uniper as the new company is known made its market debut today with an opening price of €10.02
Linde (LNEGY) lost 7.29% after the company today said today that talks about a possible $60 billion merger with Praxair (PX) had been terminated. The industrial gas suppliers said that an agreement on governance issues could not be reached. Bloomberg reported that the companies failed to agree on the role Linde's headquarter would play in the combined company.