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Europe: Stocks fall as recession fears ramp up
[FRANKFURT] European shares were trading lower in early deals on Wednesday, led by losses in technology stocks, as fears that major economies might be on the brink of recession intensified.
A deep inversion in the US Treasury yield curve once again rattled investors still worried about economic growth in the face of a US-China trade war that is now in its second year and is weighing on the global economy.
The pan-European STOXX 600 index slipped 0.47 per cent by 0715 GMT, with Germany's trade-sensitive DAX underperforming with a 0.54 per cent drop.
The biggest fallers on the DAX were software provider SAP SE , chipmaker Infineon Technologies AG and payments company Wirecard AG. They were down between 0.9 per cent and 1.2 per cent.