The US dollar fell against the safe-haven Japanese yen on Friday as dismal US manufacturing data fuelled worries about the wider economy, and Treasury bond yields signaled growing fears of a recession.[NEW YORK] The US dollar fell against the safe-haven Japanese yen on Friday as dismal US manufacturing data fuelled worries about the wider economy, and Treasury bond yields signaled growing fears of a recession.
On Friday, the spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007 after US PMI manufacturing data missed estimates. This inversion of the yield curve is widely seen as a leading indicator of recession. Japan is the world's biggest creditor nation, and its currency benefits when Japanese investors repatriate funds in times of financial or geopolitical stress.
"March's flash PMIs add to evidence that GDP growth was subdued in the three largest advanced economies in Q1, with Germany continuing to take the brunt of the global manufacturing slowdown," Simon MacAdam, global economist as Capital Economics, wrote in a note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram adds new feature to let US users shop via appFacebook Inc's Instagram will now let U.S. users to shop products directly from the photo sharing app by adding a 'checkout' feature on items ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wastewater - private equity’s new black gold in US shaleMike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
GM confirms plans to build new EV, invest US$300 million in Michigan plantGeneral Motors Co confirmed on Friday it will invest US$300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US announces first new North Korea sanctions since failed summitWASHINGTON (REUTERS) - The United States imposed sanctions on Thursday (March 21) on two Chinese shipping companies it says helped North Korea evade US and international sanctions over its nuclear weapons programme, the first such steps since US President Donald Trump and North Korean leader Kim Jong Un's summit collapsed last month.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
U.S. announces first new North Korea sanctions since failed summitThe United States imposed sanctions on Thursday on two Chinese shipping companies it says helped North Korea evade U.S. and international sanctions over its nuclear weapons program, the first such steps since U.S. President Donald Trump and North Korean leader Kim Jong Un's summit collapsed last
Source: YahooSG - 🏆 3. / 71 Read more »
US announces first new North Korea sanctions since failed summitWASHINGTON: The United States on Thursday (Mar 21) sanctioned two Chinese shipping companies it says helped North Korea evade US and international ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Boeing wins US$4 billion US defense contract for Navy F/A-18 jets: PentagonBoeing Co was awarded a US$4 billion contract for advance purchase of materials to produce 78 F/A 18 aircraft for the U.S. Navy, the Pentagon said ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Racing against China, US reveals details of US$500m supercomputerSAN FRANCISCO (NYTIMES) - The US Department of Energy disclosed details Monday (March 18) of one of the most expensive computers being built: a US$500 million (S$675 million) machine based on Intel and Cray technology that may become crucial in a high-stakes technology race between the United States and China.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US Senator Elizabeth Warren calls for scrapping US electoral college in 2020 televised town hallGREENVILLE, Mississippi, (REUTERS) - US Senator Elizabeth Warren, one of more than a dozen Democrats vying for the 2020 presidential nomination, on Monday (March 17) called for the scrapping of the electoral college, the method used to elect US presidents.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US firm FIS buys Worldpay for US$35 billion in payments deal bonanzaREUTERS: Fidelity National Information Services Inc (FIS) agreed to buy Worldpay for about US$35 billion on Monday, with the U.S. financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »