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
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