Stocks, oil sink on recession fears


A man passes an electronic share price board showing the numbers on the Tokyo Stock Exchange in Tokyo on June 30, 2022. – AFP pic, July 1, 2022.

WORLD stock markets mostly sank yesterday on intensifying recession fears, while oil prices receded after an OPEC decision to proceed with a limited boost to output.

London ended the day down two percent, with both Frankfurt and Paris close behind.


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