Worries about US bond markets signalling an impending recession and a still rumbling trade war between the world's two biggest economies sent European shares sinking further on Wednesday after a 3pc drop on Wall Street. Worries about US bond markets signalling an impending recession and a still rumbling trade war between the world's two biggest economies sent European shares sinking further on Wednesday after a 3pc drop on Wall Street. Financials were the biggest drag on European shares as investors dumped sectors highly sensitive to economic growth. Europe's bank index fell 1.7pc, in line with tech after the highly valued US tech sector sold off. White House economic adviser Larry Kudlow, among those in the meeting, said he did not think that car tariffs were imminent.

Source: Irish Independent December 05, 2018 08:48 UTC