Markit economist Chris Williamson noted the still-solid services sector was all that was preventing Europe's economic powerhouse slipping into recession.
"They look like they will subdue business confidence further and lead to a further retrenchment of spending by businesses and consumers, raising the risk of a recession."With pulse slowing in the industrial heartland and an increasingly glum take from the Fed, it is understandable global markets finally keeled over late in the week.
The ASX200 put on 0.3 per cent. All that and more appears likely to be erased when the market opens on Monday.AUD: 70.8 US cents, 62.6 euro cents, 53.6 British pence, 77.8 Japanese yen, $NZ1.03Europe: FTSE -2pc at 7,228 DAX -1.6pc at 11,364 EuroStoxx50 -1.8pc at 3,306 "This is clearly a concern given that past yield curve inversions have preceded US recessions, but there are several things to allow for, AMP Capital's investment strategist Shane Oliver said.
It was matter time Trump would run the super economy that was handed by President Obama aground