The spread between the 10-year and 2-year U.S. Treasury yield fell to its lowest level since before the financial crisis, with inversions of the yield curve consistently preceding periods of recession. The inversion caused a sell-off on Wall Street which saw the Dow Jones Industrial Average fall by more than 100 points.Back in Europe, investor focus will be attuned to domestic politics in Italy and the U.K.
Meanwhile Britain's opposition parties have united in a bid to pass a law forcing Prime Minister Boris Johnson to seek a delay to Britain's departure from the European Union, slated for October 31, and prevent a potentially chaotic no-deal exit. European auto stocks received a boost Tuesday after Beijing said it would relax or remove restrictions on auto purchases in a bid to boost consumption, lifting European automakers exposed to the Chinese market.
On the data front, German consumer sentiment data for September is due for publication Wednesday morning, along with Italian business and consumer confidence figures for August.
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Dow drops more than 100 points as bond-market recession indicator, trade worries worsenThe Dow dropped more than 100 points as trade uncertainty continued and a recession indicator from the bond market worsened. As the yield curve remained inverted, both the S&P 500 and the NASDAQ also closed down. RockyMountViews Have the media considered that Trump’s trade related burbles don’t really matter much to the markets? There is no more liquidity you gave all to the Chinese elders thanks to your GOP and DNC leadership and then they cut the line credit off FDICgov to the world ask your RoyalFamily so all you have is the cash on you. No more food stamps NYCHRA welfare SocialSecurity
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »
European stocks set to open lower amid rising US-China trade tensionsEuropean stocks are set to begin Monday's session in the red as investors react to the latest escalation in the U.S.-China trade war. But... the economy is strong...? 🙄 MAGA TrumpGibberish 🤪😅
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »
The market's favorite recession indicator just flashed its biggest warning since 2007The yield curve inversion is 'an important signal, but it's not a very consistent signal,' said Calvin Schnure, senior economist at Nareit. Let‘s watch this algo suck. Uhhh!!
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Asia stocks set to trade lower as investors watch treasury yieldsStocks in Asia were set to trade lower on Wednesday following an overnight inversion of a closely watched U.S. Treasury yield curve to its worst level in more than a decade.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »