. THE SYDNEY MORNING HERALD (AUSTRALIA)
ASX dives to three-month low as pound crashes on recession fears
The Australian sharemarket closed 1.6 per cent lower on Monday as markets across North America, Europe and Asia fear the world’s largest economy could tip into recession.
. RTT NEWS (US)
Asian markets extend losing streak
Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from global markets on Friday, as traders remain concerned the aggressive monetary tightening by global central banks to combat elevated inflation will push the global economy into a recession
. CNBC (US)
European markets choppy; sterling slumps against the dollar
European stocks were choppy on Monday as investors continued to weigh the deteriorating economic outlook in the region.
. REUTERS (UK)
Brent crude slides below $85 a barrel as dollar surges
Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged
Gold hits 2½-year low as dollar stands tall
Gold prices fell to a new 2½-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation
. THE FINANCIAL TIMES (UK)
Traders bet on emergency interest rate rise after pound hits record low
Currency tumbles further after UK chancellor announced biggest tax cuts in 50 years
