/Stock Market Rally Trips on Global Growth Fears

Stock Market Rally Trips on Global Growth Fears

Global stocks and bond yields are facing fresh pressure as a recent soft patch in data spurs debate over whether the global economy is in the midst of a temporary dip, or headed toward a more serious downturn.

For much of this year, major stock indexes had climbed, lifted by signs that central banks would put aside their rate-increase campaigns for the foreseeable future. But in recent days, relief has seemingly given way to fear, sending financial markets in the U.S. and Europe sliding.