Poor German results lead to slump in global markets
The ripple effect saw neighbouring Switzerland's 50-year government bond yield go negative, meaning none of its bonds now offer buyers any interest
25 July 2019 - 12:45
London — Euro and bond yields wilted on Thursday as a slump in German business confidence piled pressure on the European Central Bank (ECB) to push interest rates even deeper into sub-zero territory later.
With the chance of an ECB rate cut priced at about 50-50, the euro was at a two-month trough, German bund yields were slipping back towards record lows and Europe's main stock markets shuffled higher...
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