Shares have opened lower in Europe after most Asian markets also fell, haunted by worries over the threat of recession and coronavirus outbreaks.
U.S. futures and oil prices declined, while Japan’s benchmark rallied after the ruling Liberal Democratic Party garnered a landslide parliamentary election victory.
The euro sagged closer to parity against the U.S. dollar, briefly dipping to $1.0109, but then rose back to near $1.0120. Europe’s shared currency is at its lowest level in 20 years against the U.S. dollar, hit by worries over possible recession and the surge in the greenback as the Federal Reserve raises interest rates to combat inflation.
