The uncertain worldwide growth outlook flushed investors out of riskier assets on Monday, sending shares and commodities lower, despite signs that a drive by Europe's leaders to tackle the region's debt crisis was gathering momentum.
The euro slid 0.1 percent to $1.2420, but was above the $1.2288 it hit on Friday, its lowest level since July 2010, while Brent crude oil fell below $97 a barrel to a 16-month low.
But safe haven German government bond yields also retreated from last week's record lows as some investors looked to take profits on sharp moves in the past week, with low liquidity due to a UK market holiday exacerbating price swings.
"Investors are just fleeing risk assets," said ATI Asset Management chief investment officer Simon Burge.
The latest sell-off followed disappointing U.S. jobs growth figures on Friday and weak Chinese manufacturing data, which stoked fears that the problems in the euro zone are causing a worldwide slowdown in business activity.
Those fears caused sharp falls across Asian markets on Monday, dragging Tokyo's Topix index .TOPX to a 28-year low, and followed a fall of more than 2 percent in U.S. stocks on Friday.
Read more: http://www.reuters.com/article/2012/06/04/us-markets-global-idUSBRE8520GN20120604
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