US: U.S. stocks tumbled, capping the market's fourth-straight monthly drop, after a report showed business activity fell to the lowest level since 2001 and UBS AG said losses in credit markets may top $600 billion.
Europe: European stocks fell, sending the Dow Jones Stoxx 600 Index to its fourth straight monthly decline, on mounting concern the U.S. economy is slipping into a recession and financial companies will report more writedowns.
Asia: Asian stocks had their biggest decline in a week, led by financial companies and automakers, on heightened concern the U.S. is headed for a recession and as the dollar neared a three-year low against the yen.
Commodities: Crude oil was little changed after falling in New York in advance of a meeting of the Organization of Petroleum Exporting Countries in Vienna to discuss production targets. Gold rose to a record as a weakening dollar increased the appeal of the precious metal as an alternative investment and the rising cost of raw materials boosted demand for a hedge against inflation.
Currencies: The dollar declined to a three-year low against the yen on speculation Federal Reserve officials will signal that they will keep reducing interest rates to avert a recession.
Source: Bloomberg
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