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September 28, 2022
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Shares slip, dollar dominates as recession fears rise

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By Herbert Lash and Lawrence White NEW YORK/LONDON (Reuters) – U.S. and European shares slumped and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and possibly spark a recession. The benchmark European STOXX index fell 1.02% to its lowest in almost four weeks after Russia’s Gazprom said it would halt natural gas supplies to Europe for three days at the end of August. Fresh disruption to energy supplies in Europe further raised concerns about the continent’s economic …

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