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LONDON — European markets fell sharply at the start of the new trading week, though pared losses towards the end of the session amid a global stock sell-off.
(Reuters) -- Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.
TOKYO -- Japan's benchmark Nikkei Stock Average recorded its worst-ever daily sell-off on Monday, losing 4,451.28 points from the previous day's closing amid panic selling triggered by fears of a possible U.S. recession and the yen's strength.
(Reuters) -- Wall Street's main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through global markets.
With quarterly earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous.
The key driver of global markets is the yen exchange rate, according to one financial historian, who warned the trend should concern those "entirely focused on U.S. domestic dynamics in trying to assess price outcomes."
LONDON — European stocks extended losses on Friday amid a global downturn, as weak U.S. economic data sparked fears of a recession.
TOKYO -- Japan's benchmark Nikkei Stock Average on Friday recorded the second-biggest daily drop in its history, as stocks extended losses following a sell-off in New York overnight.