European stock markets saw a fifth straight negative start to the week as the global outlook turns negative.
After closing last week at a record high, the Stoxx 600 has tumbled more than 2.5% in its worst performance since the early August sell-off., fueling market bets that the Federal Reserve will cut by 50 rather than 25 basis points at its Sept. 18 meeting. CME Group's FedWatch tool last put the probability of a 50 basis point cut at 41%.Friday will see the release of the closely watched August jobs report, as investors assess the scale of the slowdown in the world's largest economy.
that it would scale back its medium-term margin and revenue targets, along with its aim of selling all electric and plug-in hybrid vehicles by 2023.manufactured engines on Airbus A350-1000 aircraft, used by numerous airlines. That comes after a Cathay Pacific A350 flight from Hong Kong to Zurich was forced to land because of a fire in the fuel system,Next week, U.K.
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