5 years ago
Recession fears trigger 'sea of red' in stock markets as traders flee to safety
Asian stocks closed in the red with recessionary warnings front and center on Monday. The selloff on Friday bled into Monday trading, but seemed to stop at Asia as US futures and European stocks are broadly flat. The worries followed a yield curve inversion last Friday, which signalled the bond market's increasing concern about global growth and US recession. Weaker industrial data out of Germany and dovish moves by the Federal Reserve last week had also dampened sentiment.
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