Asian stocks stumble amid concern about looming downturn

A man stands in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan. REUTERS/KIM KYUNG-HOON

Japan’s Nikkei tumbled 3.2% to the lowest in two weeks, South Korea’s Kospi index declined 1.6% while Australian shares faltered 1.3%.On Friday, all three major US stock indexes clocked their biggest one-day percentage losses since January 3. The Dow slid 1.8%, the S&P 500 was off 1.9% and the Nasdaq dropped 2.5%.

“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 modelling is pointing to a 30%-35% probability of a US 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.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business DayBusiness Day, Johannesburg. 104.741 beğenme · 6.646 kişi bunun hakkında konuşuyor. BDlive is the digital identity of Business Day, South Africa's premier daily business newspaper.
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

JSE could follow Asian stocks lower on WednesdayGlobal markets have shifted their attention to a rate decision by the Federal Reserve and tense US-China trade talks
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Huawei leads Asian domination of UN patent applications in 2018 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.WIPO oversees international treaties governing patents, trademarks and industrial designs. Its annual report on the applications it receives and gives an early snapshot of the trends. La Biodiversidad también incluye microorganismos 🦠que trasforman alimentos (leche a queso), alimentos silvestres🍄 (hongos, frutos, proteína animal), polinizadores🐝 suelos ricos que no requieren fertilizantes🌾 control de natural de pestes y enfermedades 😷 HambreCero
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »