Stocks are plunging as traders brace for a German recession and global turmoil as US-China trade war continues

European equities and US futures dropped on Thursday, fueled by rising fears of a German recession and worrisome developments across Hong Kong, Italy, and Argentina. Asian markets rallied earlier on renewed hopes for an end to the US-China trade war. "The delay to tariffs looks more like a temporary reprieve for domestic reasons rather than a genuine signal of willingness to talk with China," one analyst said. View Markets Insider's homepage for more stories.

European equities and US futures dropped on Thursday, fueled by rising fears of a German recession and worrisome developments across Hong Kong, Italy, and Argentina. Asian markets rallied earlier on renewed hopes for an end to the US-China trade war. "The delay to tariffs looks more like a temporary reprieve for domestic reasons rather than a genuine signal of willingness to talk with China," one analyst said. View Markets Insider's homepage for more stories.

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