The euro slumped and German yields fell as weaker-than-expected data fueled concern the region’s economic recovery has hit a wall, spurring wagers on more aggressive rate cuts from the European Central Bank. The common currency weakened as much as 0.7% against the dollar, heading for its steepest daily decline since June. The gap between French and German benchmark yields climbed to the highest level since early August. European stocks fluctuated, with so-called defensive plays in the food, telecoms, real estate and utilities sectors faring best. US futures pointed to modest gains on Wall Street with indexes hovering near record highs after the Federal Reserve’s jumbo rate cut last […]
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