Stocks approach six-month low as recession fears rise

File: The rand weakened to 15.3821 per dollar, as concerns about the global economy overshadowed improved local retail sales data.

JOHANNESBURG - South African stocks slipped to a near six-month low on Wednesday after the US Treasury bond yield curve inverted for the first time since 2007, reflectingBoth of the country's major stock indexes weakened more than 2 percent following the inversion in"When that yield inverts, historically, its quite a strong recession signal in the US.

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.

Business Maverick: Foreigners Are Dumping South African Bonds as Junk Status LoomsInvestors have been dumping South African government bonds at a rate of almost 2 billion rand ($132 million) a day in August.
Source: dailymaverick - 🏆 3. / 84 Read more »

US stocks slide 3% as recession fears grip marketsTrump blames Fed for economic woes, saying the US central bank is a bigger threat than China and is ‘clueless’
Source: BDliveSA - 🏆 12. / 63 Read more »

SA stocks approach six months low as recession fears riseBoth of the country’s major stock indexes weakened more than 2% following the inversion in the US debt market, a situation where shorter-dated borrowing costs are higher than longer ones.
Source: ewnupdates - 🏆 30. / 53 Read more »

Global recession fears stocked as European stocks fallGermany’s economy is going into reverse as the US-China trade dispute takes a global toll
Source: BDliveSA - 🏆 12. / 63 Read more »