European markets lower as Turkey's deepening economic crisis sparks contagion fears; Bayer tanks 11%
The pan-European Stoxx 600 was around 0.3 percent lower during mid-afternoon deals, with the majority of sectors trading in negative territory. Market focus is largely attuned to Turkey's financial woes, with the country's currency taking another slide to all-time lows of 7.2400 on Monday morning. European stocks were lower Monday afternoon, as Turkey's worsening economic crisis prompted investors to offload riskier equities and flee to safe-haven assets.