Stocks struggle, oil down, on rate and recession fears

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Reuters UK

By Huw Jones and Koh Gui Qing NEW YORK (Reuters) – World stocks fell again on Wednesday, as expectations that central banks on both sides of the Atlantic will likely raise borrowing costs again next month soured sentiment and stoked recession fears, which dragged oil prices below $90 a barrel. Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand and drag on the global economy. Underscoring the growth risks on the horizon, analysts at Capital Economics warned of a possible U.S….

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