The US returned from the Independence Day holiday Monday to renewed recession fears. Today’s iteration has had a more distinctly European flavour, with the mood souring noticeably around the European open and overlayed with fresh energy concerns on the continent as oil workers in Norway launched a strike that threatened gas supplies. European equity markets are lower, the US dollar stronger, especially against European currencies, and commodities are sharply lower led by oil. An early more positive tone helped by media speculation that sometime this week Biden would rollback tariffs on some Chine imports turn sharply ... (full story)