US stock futures, oil slide as trade wars stoke global recession fears

US stock futures, Asian share markets and oil prices slipped to multi-month lows on Monday on mounting worries growing Sino-US tensions and Washington’s new tariff threats against Mexico could tip the global economy into a recession.

The E-mini futures for S&P500 dropped 0.5% in early Asian trade to 2,738, near their March low of 2,722 while Japan’s Nikkei skidded 1.1% to a four-month low.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, but held barely above last week’s four-month low.

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