Fear of US recession rattles global markets as tech shares fall
by Graeme Wearden and Jasper Jolly from Economics | The Guardian on (#6PP7A)
Europe's main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh record
Stock markets in Europe, Asia and New York tumbled on Friday as fears of a US economic slump grew and technology shares were hit by underwhelming earnings.
Concerns that the US could be sliding towards a recession spurred a global sell-off, which accelerated after a poor employment report on Friday showed that the US jobs market was cooling fast, pushing up the unemployment rate.
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