European stocks opened lower on Tuesday, with traders on the Continent getting their first opportunity to react to the shock of negative oil prices. The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP -1.46% dropped 1.1% as the German DAX /zigman2/quotes/210597999/delayed DX:DAX -1.71% declined by 1.6%. SAP /zigman2/quotes/203458330/delayed DE:SAP -0.67% lost over 3% after announcing co-CEO Jennifer Morgan will be leaving the software giant this month. Futures on the Dow Jones Industrial Average /zigman2/quotes/210407078/delayed YM00 -1.25% fell 87 points.
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European stocks slump in first reaction to negative oil prices