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Stocks, oil in freefall as recession fears mount

Stock markets begin new year with losses
Image: Pixabay

European stock markets and world oil prices plunged Tuesday on mounting fears that major economies will slide into recession this year as inflation soars.

Europe’s main stock markets shed three percent heading into the close of trading, while benchmark crude contract, Brent North Sea, was down almost ten percent.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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