News Formal

Trade and Fed rate worries offset $50 billion M&A deal news, sapping stocks' strength

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. i...

Germany’s Volkswagen provided a reminder of slowing global demand, cutting its 2019 sales outlook,. Its shares slipped 0.7%.

That has taken world stocks almost 3% higher this month while expectations of more U.S. rate cuts after this month have faded, lifting U.S. Treasury yields to six-week highs while German yields are set for their biggest monthly rise since Jan 2018 US10YT=RR DE10YT=RR. But the rally has stalled amid the uncertain outlook for trade, economic growth and company profits while optimism over Britain averting a no-deal exit from the European Union has been replaced by trepidation over the calling of a snap election.

 

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:

 /  🏆 2. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Stocks falter ahead of Fed on trade deal worriesA rally in global shares stalled on Wednesday, with Asian shares slipping from t...
Source: Reuters - 🏆 2. / 97 Read more »