SYDNEY - Investors ditched shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favor on growing fears about a U.S. recession, sending global yields plunging.
Japan’s Nikkei tumbled 3.2 percent to the lowest in two weeks, South Korea’s Kospi index declined 1.6 percent while Australian shares faltered 1.3 percent.On Friday, all three major U.S. stock indexes clocked their biggest one-day percentage losses since Jan.3. The Dow slid 1.8 percent, the S&P 500 was off 1.9 percent and the Nasdaq dropped 2.5 percent.
“The bond market price action is an enormous blaring siren to anyone trying to be optimistic on stocks,” JPMorgan analysts said in a note to clients. National Australia Bank’s yield curve recession modeling is pointing to a 30-35 percent probability of a U.S. recession occurring over the next 10-18 months.
Some analysts, such as ING’s Rob Carnell, advised against rushing to place bets on the yield inversion. On Sunday, Rupert Murdoch’s Sun newspaper said in a front page editorial British Prime Minister Theresa May must announce on Monday she will stand down as soon as her Brexit deal is approved.
Source: News Formal (newsformal.com)
The Russia hoax failed to topple Trump so they roll out plan B, tank the economy.
Collusions over, let's tank the economy.
KerOkoth Analysis this .....
Days after the mueller report completely exonerates Trump this happens. Looks like another cohencidence.
How convenient.
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