# European stock markets tumble on rising fears of recession | Stock markets | The Guardian

> European stock markets fell on recession fears as the euro slumped to a two-decade low and the pound dropped to its lowest since the pandemic began. Rising natural gas prices intensified strain on the European economy.

- Date: 2022-07-05 · published 2022-07-05T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/10290-european-stock-markets-tumble-on-rising-fears-of-recession-stock-markets-the
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Surging gas costs and currency weakness in Europe point to reduced economic activity and weaker regional demand for animal feed, while a softer pound and euro affect import costs for UK and euro zone buyers.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bearish ▼
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-07-05 | 5 | -3.3% | -3.4 | European equities fell on recession fears alongside the euro's slump, and rising gas prices strained the economy, which is consistent with sentiment-driven euro selling. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-05-30 | [Worsening Italian crisis batters stock markets and euro](https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro.md) | +1.0% | +1.1% |
| EURUSD | 2022-07-05 | [Euro slumps to two-decade low as recession fears grow](https://feedsoft.ai/events/10283-euro-slumps-to-two-decade-low-as-recession-fears-grow.md) | -3.1% | -1.3% |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | -3.1% | -1.3% |
| EURUSD | 2023-04-28 | [Euro Bears Warn Market Is Ignoring Risk of Another Energy Crisis](https://feedsoft.ai/events/36621-euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis.md) | -0.1% | -2.7% |
| EURUSD | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | -3.0% | -3.0% |
| NATGAS | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | +15.3% | +43.6% |
| NATGAS | 2023-04-28 | [Euro Bears Warn Market Is Ignoring Risk of Another Energy Crisis](https://feedsoft.ai/events/36621-euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis.md) | -10.2% | +0.3% |
| NATGAS | 2021-11-17 | [LNG markets eye record prices in race to replenish stocks \| Reuters](https://feedsoft.ai/events/44228-lng-markets-eye-record-prices-in-race-to-replenish-stocks-reuters.md) | -3.6% | -26.2% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2022/jul/05/european-stock-markets-euro-rising-fears-of-recession

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.