European stocks opened sharply lower on Monday, tracking a global selloff in equities that picked up speed on Friday, after a better-than-expected U.S. jobs report stoked fears about rising inflation and higher interest rates. What are markets doing? The Stoxx Europe 600 index SXXP, -1.00% lost 1.2% to 383.45, setting it on track for its lowest close since Nov. 17, according to FactSet data. Germany’s DAX 30 index DAX, -0.52% dropped 0.9% to 12,667.34, while France’s CAC 40 index PX1, -0.78% fell 1% to 5,308.74. The U.K.’s FTSE 100 index UKX, -1.17% gave up 1% to 7,36.31. The euro EURUSD, +0.1124% fell to $1.2457 from $1.2459 late Friday in New York. via