Bond markets were also flashing warning signals of recession. The gap between U.S. two-year and 10-year Treasury yields - a closely watched metric for signs of a slowdown - fell to less than a basis point after shrinking on Tuesday to its narrowest since June 2007.
Equity investors on Wall Street and Asia had cheered earlier when U.S. President Donald Trump pushed back a Sept. 1 deadline for new tariffs on remaining Chinese imports., which had fallen 1% on Monday, rose 1.5% overnight, sending Asian stocks outside Japan up 0.6%. Benchmarks in Shanghai, Hong Kong and Tokyo all mirrored the surge in U.S. stocks.
“The trade war and the dispute between U.S. and China has already had an impact - especially when you look at countries most sensitive to global trade like Germany and even Italy,” said Christophe Barraud, chief economist and strategist at Market Securities in Paris.In another sign the trade dispute is dragging on economic growth, China’s industrial output slowed more than expected in July. Its 4.8% growth was the lowest in 17 years., considered a safe haven, gained 0.3% to 106.
Did Wall Street miss the 7000 store closures? There have been plenty of signals. dumb
gtconway3d Is it wrong to pray for one?
gtconway3d Hold on folks it's gonna be a trumpy ride
WELL FFS, THE RICH NEED... BAILING OUT. A G A I N
THIS IS HIDDEN TRUTH ON NUCLEAR RADIATION inRussia Residents of the Nenoks,Arkhangelsk Region,were advised to leave their homes onAugust 14'in connection with planned work at a military facility,'the Interfax news agency reported,citing the press service of the Severodvinsk admin
Kashmir is burning and international concience is sleeping
It is due to over inflated stocks. Everyone is buying stocks over what the stocks are actually worth. It will be the next bubble. It has been like this for many years now.
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Source: CNBC - 🏆 12. / 72 Read more »