The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
from Morning Bid with David Gaffen:
After Asian markets stabilized in the global selloff, futures are on the back foot again as European shares weaken and investors once again get caught on the concerns about weakening economic figures around the world. The ISM figure, which came in poor on Monday, has also fanned fears – again – of a possible recession developing, one that would come at an inopportune time for the Fed, which has only recently started raising interest rates.