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Recession fears trigger 'sea of red' in stock markets as traders flee to safety
  • Global stocks are tumbling as fears of a US recession reached new highs on the back of consistent bond market warnings. 
  • US futures are dropping significantly in premarket trading after a brutal session in Asia Monday. 
  • European markets are following the slump as concerns about global growth batter investors. 
  • The Shanghai Composite dropped 2% Monday while Japan's Nikkei plunged 3% as the country's economy struggles through global economic headwinds. 
  • In the US, futures are in the red with the Nasdaq down 0.6% while the Dow and S&P 500 are both 0.3% lower respectively, as of 8.40 a.m in London (4.40 a.m ET). 
  • European markets are trading lower with France's CAC down 0.4%. The UK's Brexit woes continue with the FTSE also down 0.4% while the pound is down 0.2% against the dollar. 
  • US 10-year Treasury yields dived on Friday following the yield curve inversion but investors have fled equity markets for bonds Monday, with yields up 0.4%
  • Oil, which had previously been boosted by OPEC+ cuts, declined amid growth fears with Brent down 0.3% and WTI 0.4% lower. 

Full "The Business Insider: The Money Game" article

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