[BENGALURU] European stocks tumbled to a six-month low on Wednesday, as an inversion in the US yield curve following bleak data out of major economies including Germany and China pointed to a looming recession.
The downbeat mood in markets came after a rare day of relief after Washington delayed tariffs on certain Chinese goods. "But on a positive note, embarking on an aggressive fiscal program while having the markets paying you to do so, given negative-yielding bonds, it might not but such a bad thing at all," Mr Innes added.
Stalled growth across Europe has been led by a slowdown in the eurozone's largest economy, Germany, while the fallout from Washington's trade war with China, Brexit uncertainty, and Italy's political woes have also plagued the trading bloc.
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