European stock futures slid on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.
The euro lost 0.3 per cent to $0.9918 and looked likely to test its recent 20-year low of $0.99005 as markets priced in more risk of a European recession.
EUROSTOXX 50 futures slid 3.0 per cent and FTSE futures 1.1 per cent.
Germany announced plans to spend 65 billion euros ($64.7 billion) on shielding customers and businesses from rising costs, while Finland and Sweden offered liquidity guarantees to keep power companies open.
