European stock markets traded in deeply negative territory and declined for a seventh straight session on Tuesday, after a historic selloff in the U.S. the prior day. On Monday, the S&P 500 and Dow average gauges erased their 2018 gains as traders became concerned rising inflation would trigger a faster-than-expected rise in interest rates. What are stock markets doing? The Stoxx Europe 600 index SXXP, -2.20% dropped 2.1% to 374.03, setting it on track for its lowest close since August last year. Germany’s DAX 30 index DAX, -2.22% slid 2.2% to reach 12,408.82, while France’s CAC 40 index PX1, -2.54% lost 2% to hit 5,179.33. The U.K.’s FTSE 100 index UKX, -1.88% fell 2% to 7,185.26. Stocks across Europe had opened with even deeper losses, but started to trim declines as U.S. stock futures swung into positive territory. Trading in the U.S. premarket session was, however, extremely volatile with futures for the Dow Jones Industrial Average YMH8, -0.62% down as much as 850 points at one point and up as much as 287 points. The euro EURUSD, -0.2830% rose to $1.2405 from $1.2368 late Monday in New York.via