World shares fall as investors hope central banks will respond to recession fears
US 10-year yields drop under two years for the first time in 12 years, with markets worried that the yield inversion curve heralds recession
15 August 2019 - 12:08
London — World shares held at two-and-a-half-month lows on Thursday and Wall Street was set for a firmer open as investors bet the US Federal Reserve and other central banks would respond strongly to recession warnings emanating from bond markets.
European shares opened higher and futures flagged a 0.5% rise on Wall Street, where all three indices fell 3% on Wednesday after an inversion of US government bond yields sparked fears that the world’s biggest economy would hurtle towards recession, dragging the rest of the globe with it...
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