Fears of Another Recession Spooks Investors

Stock markets in Asia and Europe opened lower Monday as investors paused to reflect on the possibility of a “second-dip” recession. The FTSE 100 declined by 1.6% in its opening minutes, while Asian markets also tumbled, with Japan’s Nikkei 225 closing down 3.8%.

The euro continued to struggle, dropping to another four-year low following disappointing news in the US labor market. On Friday, the Non-Farm Payroll Report showed that 431,000 new jobs were created, but analysts had predicted 500,000 – it was also noted that more than 400,000 of these jobs were part-time positions created to conduct the upcoming US census.

Source: BBC News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.