Global Market Sell-off: Recession Fears and Trade War Uncertainty Deepen

Global stock markets suffered a sharp sell-off on Monday, driven by concerns about a potential US recession and uncertainty surrounding US trade policies. The S&P 500 plunged 2.3%, and the Dow Jones fell 1.2% in the US. European markets also saw declines, with the FTSE 100 down 0.92%, the DAX down 1.69%, and the CAC 40 down 0.9%. The pound weakened against the dollar and euro, and Brent crude oil prices dropped around 1.2%. Companies like Clarksons saw significant share price drops (21.7%) due to geopolitical uncertainties. Analysts attribute the market correction to a combination of trade war anxieties, geopolitical tensions, and an uncertain economic outlook.