LONDON—World stocks and oil prices fell on Monday as fresh COVID-19 restrictions in China exacerbated worries about the global economic outlook.
The safe-haven dollar rallied, while the U.S. Treasury yield curve remained deeply inverted in a sign that investors remain alert to global recession risks.
Coronavirus outbreaks across China are a setback to hopes for an easing of strict pandemic restrictions, one reason cited for a 10 percent slide in oil prices last week and Monday’s lacklustre opening in European stocks.
Beijing’s most populous district urged residents to stay at home on Monday as the city’s COVID-19 case numbers rose, while at least one district in Guangzhou was locked down for five days….