Eurozone recession fears deepen as global economy cools.
TL;DR Summary
Equities are falling and bonds are being bought as risk aversion deepens due to disappointing French and German PMI readings, leading to a typical risk-off day. The euro is the big loser in the FX market, while the dollar and yen are the main beneficiaries.
- The risk aversion today deepens as recession fears grow in Europe ForexLive
- Eurozone economy has slowed sharply, business survey shows Financial Times
- Central-Bank Action Finally Cooling Global Economy, Data Indicate The Wall Street Journal
- Euro Breaking News: Frightful German & EZ PMI’s Exacerbate Risk Off Move on EUR/USD DailyFX
- Euro-Zone Activity Almost Stalls as Recession Rebound Fades Bloomberg
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