European stocks set for losses amid growing recession worries

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

European shares are set to open lower on Monday, amid rising worries of an impending recession in the U.S.

div > div.group > p:first-child"> Britain's FTSE 100 was seen 28 points lower at 7,179, Germany's DAX down 50 points at 11,310, and France's CAC off by 9 points at 5,260, according to IG index data.

Early Monday morning, the yield on the U.S. 10-year Treasury note dipped about 1.6 basis points below the yield on the three-month paper, an inversion that has traders worried a recession could be round the corner. Elsewhere, U.S. special counsel Robert Mueller's two-year investigation into alleged coordination between President Donald Trump's 2016 campaign and Russia has come to a conclusion. Attorney General William Barr said Sunday the probe found no sufficient evidence of collusion between the Trump campaign and the Kremlin.

Back in Europe, Brexit remains a talking point, with reports of a plot to oust U.K. Prime Minister Theresa May surfacing over the weekend. The British leader met with senior ministers and Brexit-supporting lawmakers on Sunday to discuss the planned departure from the European Union.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bullish for bitcoin

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche merger moves brighten mood for European stocksEuropean stocks extended a recent run of gains on Monday as a flurry of dealmaki...
Source: Reuters - 🏆 2. / 97 Read more »