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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

European stock markets tumble on rising fears of recession

The Frankfurt stock exchange on Tuesday
The Frankfurt stock exchange on Tuesday. Germany’s DAX index closed 3% down. Photograph: Reuters

Rising worries about a European recession hit stock markets on Tuesday as the euro slumped to a two-decade low and the pound fell to its lowest since the start of the pandemic.

Shares tumbled in London and across Europe as a jump in natural gas prices intensified the strain on the European economy.

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