World Shares Mostly Lower as Recession Fears Deepen

A person looks at an electronic stock board showing Shanghai, Japan's Nikkei 225, and New York Dow indexes at a securities firm, on Oct. 3, 2022, in Tokyo. Eugene Hoshiko/AP Photo

BANGKOK—Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies.

Germany’s DAX fell 1 percent to 11,998.26 while the CAC 40 in Paris shed 1.2 percent to 5,690.88. Britain’s FTSE 100 lost 0.8 percent to 3,305.79. On Wall Street, the future for the S&P 500 was up 0.2 percent while the contract for the Dow industrials gained 0.4 percent.