Wall Street experienced another steep fall overnight as rising geopolitical risks and fears of a recession sparked a broad market sell-off.By 7:15am , ASX futures were down 52 points, or 0.8 per cent.Investor sentiment was weighed down by the intensifying Hong Kong protests and the protracted US-China trade war — which could lead to recession and is unlikely to be resolved before the next US election in 2020, according to economists from Goldman Sachs.
As investors fled from risky assets, they piled into safe haven assets like spot gold, which jumped 1 per cent to $US1,512 an ounce.The retreat to safer investments also led to a fall in America's long-term interest rates, with its 10-year Treasury bond yield sinking to 1.64 per cent.
Moderate drop? It’s the lowest it’s been this century. How about the ABC stop softening the narrative for the Libs and report the actual news, like they used to?
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