European shares fell sharply on Monday to hover near two-month lows, with worries about slowing global growth, concerns over a potential spillover of the debt crisis at China Evergrande Group and the prospect of tighter monetary policy due to Fed tapering keeping investors nervous.
In economic releases, German producer price inflation rose to 12 percent in August from 10.4 percent in July, Destatis reported. This was the biggest growth since December 1974, when prices were up 12.4 percent amid the first oil crisis.
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