Stocks slide, dollar shines as recession fears deepen

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Reuters UK

By Sam Byford TOKYO (Reuters) – Asian stocks slipped and the dollar stood by a two-decade high on the euro on Wednesday as investors’ fears deepened that the continent is leading the world into recession, while oil and European equity futures attempted to steady after a slide. Brent crude futures bounced 1.4% in morning trade to $104.18 a barrel, nursing its wounds after a 9.5% drop to a 2-1/2 month low on Tuesday with worries that a global growth slowdown is going to sap demand. [O/R] MSCI’s index of Asia-Pacific stocks outside Japan fell 0.6%. Japan’s Nikkei fell 0.88%, on course for its fir…

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