LONDON: Stock markets slumped on Wednesday as Germany's economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports.
The gap between U.S. two-year and 10-year Treasury yields - a metric closely watched for signs of a slowdown - inverted for the first time since 2007, raising the specter of a global recession."The telling thing is that there is a delayed effect - traditionally you see a one-to-two-year lag before a recession. You could see it next year," said Neil Wilson, chief markets analyst at Markets.com.
The German figures - along with data showing the slowest growth for Chinese industrial output in 17 years that indicated faltering demand in the world's second-largest economy - knocked the wind out the sails for stocks and gave rise to the angst over a slowdown.Equity investors on Wall Street and in Asia had cheered earlier when U.S. President Donald Trump pushed back to December a Sept. 1 deadline for new tariffs on remaining Chinese imports.
"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.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Singapore stocks: STI resumes Wednesday afternoon at 3,156.81, up 0.3% on dayTHE local equities market, like its global peers, faced a relief rebound on Wednesday on news that Washington delayed tariffs on certain Chinese imports. While China's data dump for July disappointed, sentiment was little dented for market participants who have had to contend with recent political and economic worries. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
Singapore stocks: STI resumes Tuesday afternoon at 3,145.06, down 0.75% on daySINGAPORE stocks resumed trading in negative territory on Tuesday afternoon, with the Straits Times Index down 0.75 per cent or 23.88 points on the day to 3,145.06 as at 1.03pm. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
US stocks rally after Trump delays key China tariffsNEW YORK: Wall Street stocks rallied on Tuesday (Aug 13) after President Donald Trump delayed tariffs on key Chinese goods, a shift from recent ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
Hong Kong: Stocks drop at open after protesters shut airport[HONG KONG] Hong Kong's financial markets are under renewed pressure after protesters brought the city's airport to a standstill on Monday, highlighting the economic fallout from increasingly violent protests. The airport reopened on Tuesday morning, with more than 200 flights cancelled. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
Asian stocks bounce in relief as Trump delays China tariffs[TOKYO] Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »