This translation has been automatically generated and has not been verified for accuracy.World stocks nudged down on Wednesday as deepening inversion of the U.S. bond yield curve a day earlier threw up reminders of looming recession risks, sending investors towards safe havens such as the Japanese yen and precious metals.
London’s bourse bucked the trend, turning positive after sterling fell on a tweet by a BBC journalist that Britain’s Queen Elizabeth could be asked as early as Wednesday to agree to suspend parliament. It was last up 0.2 per cent. Longer-dated bond yields also fell. U.S. 30-year Treasury yields slumped to a few record low, touching 1.906 per cent. and were last down 6 basis points on the day.
Gold recovered some of its early losses to last trading at $1,539.98, down 0.1 per cent. Silver gained 0.8 per cent, on course for its fourth straight day of gains.
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