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Global Markets: IMF pessimism + trade tensions = sickly stocks

Updated : January 23, 2019 06:30 AM IST

The International Monetary Fund's warning of a darkening outlook on Monday after China's confirmation of its slowest growth rate in nearly 30 years and amid more head-scratching over Brexit continued to weigh on the mood.
European shares had followed Asia into the red with disappointing earnings from Swiss bank UBS also adding extra gloom after Europe's banking sector saw nearly 30 percent wiped off its value last year.
Global Markets: IMF pessimism + trade tensions = sickly stocks

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