Global Markets Steady but Recession Fears Remain

LONDON/SINGAPORE/TOKYO—Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10 percent plunge a day earlier.
The single currency traded at $1.025, a fraction above its weakest level since late 2002 touched overnight as fears of a slowdown and rising commodity prices weighed.
Government bond yields across the euro area nudged up too, and European stocks also making gains, while Brent crude bounced almost 3 percent after slumping on Tuesday 9.5 percent to its lowest in 2–1/2 months.
The broad Euro STOXX 600 rose 1.9 percent, with indexes in Frankfurt and Paris up 1.7 percent and 1.9 percent respectively. Retail and travel and leisure stocks led the gains…. Source

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