Global markets down for third consecutive day
Investors are worried about a broadening global economic slowdown and the lack of any sign of a resolution to the US-China trade row
London — Global shares fell for a third straight day on Friday and were set to post their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the US-China trade row. Safe-haven government bonds benefited, with the German 10-year bund yield falling closer towards the 0% mark and the US 10-year treasury yield hitting its lowest point in a week. Weak earnings saw a subdued open for European stocks although most major indices climbed into the black for the day, putting the pan-European Stoxx 600 in positive territory. Spain's IBEX fell half a percent. But stock markets in Asia earlier eased, with MSCI's broadest index of Asia-Pacific shares outside Japan shedding 0.5%, easing back from a four-month peak touched the previous day. See Reuters global FX rates here
The MSCI all-country world index, which tracks shares in 47 countries, was down 0.3% on the day. It was down for a third straight day and ...
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