Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores and online — can keep going.
The U.S. bond market, which has been among the loudest and earliest to cry out warnings about the economy, also continued to show concern as yields fell. Consumer spending makes up the bulk of the U.S. economy, and shoppers have been carrying the economy recently amid worries that businesses will pull back on their spending due to all the uncertainty created by the trade war. Other economies are slowing as the trade war is doing damage to manufacturers around the world.
"The countdown to a recession has just started," said Hussein Sayed, Chief Market Strategist at FXTM.
Trump’s morons cheering.
Gaza Corner
Thanks Obama!
So the recessions over?
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.
Global stocks lower after US falls on recession fearBEIJING (AP) — Global stock markets were mostly lower Thursday after Wall Street fell on mounting fears of a possible recession. Benchmarks in London, Tokyo and Sydney declined while... I mean, the idea is to get the market to fall out of the recession you know, and then dump the stock market all the way in the market. Sell. Welcome to the TrumpRecession
Source: AP - 🏆 728. / 51 Read more »
US stocks are set to rally despite historic Treasuries meltdown that sent equities plungingThe Down plunged 800 points on Wednesday after investor fears of recession grew amid continued trade war uncertainty.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asia Pacific stocks set to trade mixed as US announces some tariff delaysStocks in Asia Pacific were set to trade mixed on Wednesday as the U.S. announced a delay in the implementation of tariffs on some Chinese goods. This: 👋 hello recession . I would trade one illegitimate president for the children in the ConcentrationCampForKids ImpeachDonaldTrump ImpeachNow ImpeachDonaldTrumpNOW RacistInChief RacistPresident RacistsForTrump RacistTrumpAdministration FBR
Source: CNBC - 🏆 12. / 72 Read more »
Bank of America says US stocks are 'on borrowed time' following the latest yield-curve inversionThe silver lining? 'S&P 500 pullbacks associated with recessions during secular bull trends are much less severe,' analysts wrote. Be still, my IRA heart!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fashion Stocks Climb as U.S. Delays Some Tariffs Until Mid-DecemberFrom cashmere sweaters to ties, the tariff delay on some Chinese fashion imports will give retailers breathing space to stock up ahead of the holiday spending period.
Source: wwd - 🏆 24. / 68 Read more »