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Recession fears trigger sea of red in Asian stocks; US and Europe are are only slightly lower
  • Fears of a US recession reached new highs during Asian trading hours on the back of bond market warnings. 
  • US futures are slightly lower in trading after a brutal session on Friday which sent the S&P 500 1.9% lower. 
  • Nasdaq futures are down 0.3%, while European markets are mixed. 
  • 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 slightly in the red with the Nasdaq down 0.3% while the Dow and S&P 500 are both 0.1% lower.
  • European markets are mixed, but broadly flat. The Euro Stoxx 50, France's CAC and Germany's DAX index are all little changed. 
  • 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, slightly declined amid growth fears with Brent down 0.1% and WTI 0.4% lower. 

Full "The Business Insider: The Money Game" article

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