By Joanne Chiu, Shen Hong and Caitlin Ostroff Updated Aug. 15, 2019 4:56 am ET • Government bond yields extend declinesGlobal stocks began to stabilize a day after the Dow Jones Industrial Average posted its steepest fall this year on growing fears of a recession.
Stocks in China rebounded from early declines. The Shanghai Composite rose 0.3%, while Hong Kong’s Hang Seng reversed early losses to gain 0.4%. In U.S. markets on Wednesday, the Dow industrials posted its biggest decline this year, after German and Chinese data rekindled concerns about a global economic slowdown, and long-term bond yields fell below shorter-term rates. That inversion of the yield curve sent a fresh warning about the risks of a coming recession.
This week, President Trump abruptly postponed plans to impose new tariffs on about $156 billion in goods from China, but Beijing hasn’t made any subsequent trade concessions.
When Trump took over the Presidency the Dow was 19,000 hit highs of 27,300 now 25,500 so what planet are some of these econmists living in on as the economy is booming and employment at record highs but Liberal/Democrat MSM Post Doom & Gloom.
This is aging well
We have long time before election he can do lot of damage with trade wars and playing games with leaders
Its all BS because this inversion is different. There should be no panic, just caution with stocks/bonds. As realDonaldTrump says, it's rigged.
😂😂😂
At least 16 economic indicators. Bond yields are just one.
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