SYDNEY: Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global yields plunging.
Adding to the fears of a more widespread global downturn, manufacturing output data from Germany showed a contraction for the third straight month. And in the United States, preliminary measures of manufacturing and services activity for March showed both sectors grew at a slower pace than in February, according to data from IHS Markit.
"The risk of a U.S. recession has risen and is flashing amber and this will keep markets pricing a high chance of the Fed cutting rates." Political turmoil in Britain over the country's exit from the European Union also remains a drag on risk assets.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore stocks: STI resumes Monday afternoon at 3,212.15, up 0.37% on daySINGAPORE stocks edged up as trading resumed on Monday afternoon, with the Straits Times Index rising 0.37 per cent or 11.97 points on the day to 3,212.15 as at 1.01pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open higher encouraged by US rallies[TOKYO] Tokyo stocks opened higher on Friday as rallies on Wall Street helped improve investor sentiment, but with a higher yen against the dollar weighing on the market. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks bounce, shrugging off economic doubtsNEW YORK: Wall Street stocks shrugged off doubts about the US economy and powered higher on Thursday (Mar 21), with Apple soaring ahead of an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks bounce, shrugging off economic doubts[NEW YORK] Wall Street stocks shrugged off doubts about the US economy and powered higher Thursday, with Apple soaring ahead of an expected product launch next week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Banks, oil companies lift US stocksNEW YORK: Wall Street stocks finished higher on Monday (Mar 18), with gains from petroleum companies and banks more than offsetting another drop ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Banks, oil companies lift stocks[NEW YORK] Wall Street stocks finished higher on Monday, with gains from petroleum companies and banks more than offsetting another drop in Boeing shares. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »