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.
Concerns about the health of the world economy heightened last week after cautious remarks by the U.S. Federal Reserve sent 10-year treasury yields to the lowest since early 2018. “Growth, and bonds/yield curves, will be the only thing stocks should be focused on going forward and it’s very hard to envision any type of rally until economic confidence stabilizes and bonds reverse.”
“The risk of a U.S. recession has risen and is flashing amber and this will keep markets pricing a high chance of the Fed cutting rates,” said London-based NAB strategist Tapas Strickland. “We suspect that drawing a recession conclusion from such data is not warranted until the 3M-10Y yield curve is inverted by a substantial amount,” Carnell said. “Just inverted as today’s markets indicate, doesn’t do it for me.”Much of the concerns around global growth is stemming from Europe and China which are battling separate tariff wars with the United States.A nearly two-year U.S.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miss South Africa fights stigma against TB - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Miss South Africa 2018, Tamaryn Green, has encouraged everyone, but especially the youth, to speak out and seek treatment when diagnosed with TB.%
Source: SABC News Online - 🏆 32. / 51 Read more »
Rumble Africa Promotions to host boxing tournament in E Cape - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Nelson Mandela Bay boxing lovers can expect a feast as Rumble Africa Promotions will be bringing a boxing tournament in the city on April the 7th at Nangoza Jebe Hall in Port Elizabeth. Afcon
Source: SABC News Online - 🏆 32. / 51 Read more »
Miller, Tahir lead South Africa to super over victory over Sri Lanka - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa's veteran leg-spinner Imran Tahir conceded only five runs in a decisive super over as they beat Sri Lanka in their opening Twenty20 International on Tuesday after both teams had finished their innings with the same score.
Source: SABC News Online - 🏆 32. / 51 Read more »
Toll from cyclone-hit southern Africa surges as UN launches health aid - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A cyclone that ravaged three southern African countries last week has killed at least 350 people, affected more than 1.7 million others and left 15,000 people still stranded by floods, according to estimates Thursday. When extreme weather is going to hit the US,The Caribbean people are warned and informed on time to evacuate so as to save lives,did the African leaders of the affected countries deliberately not evacuate their citizens on time so they can get aid which they are going to squander
Source: SABC News Online - 🏆 32. / 51 Read more »
Make South Africa a zoo-free country: Khoisan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.As the country commemorates Human Rights Day, requests to make South Africa a zoo-free country, have been echoed by the Khoisan in the Eastern Cape. Isn't it already?
Source: SABC News Online - 🏆 32. / 51 Read more »
Dr Motsepe to address Africa-Asia Partnerships conference - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The First Lady of South Africa, Dr Tshepo Motsepe, will address the Africa-Asia Partnerships in Health and Healthcare Delivery for Women & Youth Conference at the University of the Witwatersrand in Johannesburg on Tuesday.
Source: SABC News Online - 🏆 32. / 51 Read more »
New Zealand PM urges global action on social media perils - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.New Zealand Prime Minister Jacinda Ardern on Wednesday called for a global response to the dangers of social media as the Muslim community began burying their dead five days after the twin-mosques massacre.
Source: SABC News Online - 🏆 32. / 51 Read more »
Global stocks rise to five-month highs as dollar dipsInvestors are firmly focused on the Fed meeting on Wednesday for further cues on US interest rates
Source: BDliveSA - 🏆 12. / 63 Read more »