World stocks struggle after biggest fall in index history
Euro zone inflation hits fresh record high
Dollar rises against Aussie, kiwi
10year Treasury yield holds below 3
China markets steady in a sea of red in Asia

LONDON, July 1 Reuters The second half of the year started with more volatility for global stocks on Friday, as recession concerns that have built in recent weeks also pulled metals and commodity currencies lower again.

MSCI39;s world stocks index has had its worst start to a year since its 1990 creation over the last six months, and an early tumble followed by recovery by both Europe and Wall Street futures pointed to more instability ahead.

Asia had thudded lower, too, with the heaviest fall in Taiwan, where the growthsensitive benchmark index slid more than 3 to its lowest since late 2020.

Japan39;s Nikkei fell 1.75. The Australian and New Zealand dollars each fell 1 to twoyear lows.

Growthsensitive copper was down 2.7 and heading for its forth straight weekly drop, while U.S. Treasuries and German Bunds rallied in the bond markets. . EURGVD

Natixis39; Head of European Macro Research Dirk Schumacher said that while the region was not in recession yet, the worry was that it could get pushed into one.

Data on Friday showed manufacturing production in the euro zone fell for the first time last month since the initial wave of the coronavirus pandemic in 2020, while inflation numbers hit another record high. 

In Europe, and globally, the cyclical…