div > div.group > p:first-child"> Futures pointed to a lower open for the Nikkei 225 in Japan. The Nikkei futures contract in Chicago was at 21,045, as compared to the benchmark index's last close at 21,627.34.
The inversion in the yield curve was described by one group of strategists as the"biggest development in financial markets for some time." An inverted yield curve occurs when short-term rates surpass their longer-term counterparts, putting a damper on bank lending profits. An inverted curve is also considered a recession indicator.
That aged well
Why change the story, originally it said stocks set to rally
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