US markets closed lower on 04/08 amid trade war fears and weak economic data. Asian markets followed suit with sharp declines, while European shares also fell as recession concerns grew. Oil prices dropped to multi-year lows, and the US dollar slumped as investors anticipate deeper rate cuts by the Federal Reserve.
China Markets Up, Europe Tumbles As Trade War Escalates; Oil Hits Multi-Year Low – Global Markets Today While US Slept
