European stocks set for losses amid growing recession worries

Nederland Nieuws Nieuws

European stocks set for losses amid growing recession worries
Nederland Laatste Nieuws,Nederland 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.

 

Bullish for bitcoin

Nederland Laatste Nieuws, Nederland Headlines

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