Global Markets Steady but Recession Fears Remain

Global Markets Steady but Recession Fears Remain
A man holding an umbrella looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, on April 7, 2015. Issei Kato/Reuters
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LONDON/SINGAPORE/TOKYO—Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10 percent plunge a day earlier.

The single currency traded at $1.025, a fraction above its weakest level since late 2002 touched overnight as fears of a slowdown and rising commodity prices weighed.