Stocks, oil tank on growing signs of global slowdown
Equity markets tanked and oil prices fell sharply on Wednesday after a closely w...
Yields on two-year U.S. Treasury notes rose above the 10-year yield for the first time since 2007, a metric known as an inversion that is widely seen as a classic recession signal.
“The combination of those three things (yield inversion, Germany’s GDP and Chinese industrial production) has refreshed fears of a global slowdown,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
MSCI's gauge of global equity performance fell 1.74% and its emerging market index .MSCIEF fell 0.52%. The FTSEurofirst 300 index
Negative interest rates from the European Central Bank and Bank of Japan are having an adverse effect on yields everywhere, including the United States, Arone said.
Gold rose 1% while the dollar index .DXY added 0.1% and the euro
U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped $2.68 to $54.42 a barrel, having gained 4% in the previous session, the most in just over a month.Read more: Reuters Top News
Does this mean a lot of people would have been better investing their savings in the bottle shop It seems that these drops are becoming more erratic and more often the more Trump Tweets Now they have less money to spend at the bottle shop so they won't be able to party no money Donald’s economy ! Only because some chart
The inversion is an ill portent Brace yourselves!
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