LONDON: European stocks sank Monday on fears over the health of Swiss bank Credit Suisse, while oil jumped on expectations of an OPEC output cut.
Investors are already on edge over worries that rising interest rates, aimed at fighting sky-high inflation, could spark recessions.
The British pound bounced above $1.12 after the UK scrapped plans to axe its top income tax rate, after a debt-fuelled budget had sent sterling spiralling to a record…