European stocks close lower amid growing recession worries [CNBC]
IHS Markit Ltd. Common Shares (INFO)
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Source: CNBC
European stocks close lower amid growing recession worries; LVMH shares fluctuate after 'fat finger' trade The pan-European Stoxx 600 Market jitters have grown recently over increasing signs of slowing economic growth and a possible recession. German manufacturing contracted for the third month in a row, IHS Markit data showed Friday, dragging the yield on the 10-year bond into negative territory for the first time since October 2016 The U.S. yield curve — which plots bond yields from shortest maturity to highest and is considered a barometer of economic sentiment — inverted Looking at individual stocks, LVMH Bayer At the other end of the scale, British satellite maker Inmarsat surged to the top of the index after it emerged that a private equity-led consortium had agreed to buy the firm for around $3.4 billion. Shares gained 9.64 percent on the back of the news. Meanwhile, shares on Wall Street were flat on Monday no sufficient evidence of collusion The news is likely to be a boon to
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