Global stock market crash: LIVE UPDATES

Following staggering drops in Japan’s Nikkei and Bitcoin, European banks are tumbling to March lows

Stock markets went into a meltdown on Monday amid fears that the US could be heading for a recession, pushing investors into panic-selling mode, market data shows.

The US has seen an unexpected rise in the unemployment rate, according to July payrolls report unveiled on Friday. This led to markets betting on the Federal Reserve cutting rates in September by a full 50 basis points...