Premarket: Bond yields slip, world stocks struggle on cooling China data

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Premarket: Bond yields slip, world stocks struggle on cooling China data GlobeInvestor

World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new U.S.-Iran confrontation intensified.

Equity markets across Europe chalked up hefty losses on the risk-off sentiment, with a warning by U.S. chipmaker Broadcom Inc of a slowdown in demand due to trade tensions and the U.S. ban on Chinese tech and mobile phone company Huawei Technologies exacerbating the glum mood.

Wall Street shares have had a strong run in June on hopes the Federal Reserve will ease monetary policy soon to counter pressure on the U.S. economy from the escalating trade war. The S&P 500 index is up about 5% so far this month.The Fed’s June 18-19 meeting will give investors an opportunity to see if the U.S. central bank’s monetary policy stance matches market expectations for a near-term rate cut.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hexo details U.S. CBD plans as Q3 earnings miss estimates, stock slipsHexo Corp. expects to enter the U.S. market through a joint venture with Molson Coors Brewing Co.
Source: globeandmail - 🏆 5. / 92 Read more »