DE30, euro tank on recession fears

Equity markets and the euro are declining following the remarkably weak PMIs from Germany and France. Such the gloomy numbers seem to raise concerns over a recession just three months after the ECB decided to end its QE programme. Risk-off is also weighing on other EM currencies with the Turkish lira tumbling more than 2%. The EURUSD is hovering around 1.13 (-0.6%) and the DE30 is declining 0.9% at 12:30 pm BST. 
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