World stocks edge down on US recession fears
The US bond yield curve sends investors to safe havens but sterling is up on rumour that British monarch may be asked to suspend parliament
28 August 2019 - 13:54
London — World stocks nudged down on Wednesday as deepening inversion of the US bond yield curve a day earlier threw up reminders of looming recession risks, sending investors towards safe havens such as the yen and precious metals.
The US yield curve inverted further on Tuesday to levels not seen since 2007, rekindling fears of a looming recession and fueling a sell-off on Wall Street. An inversion of the yield curve has historically been a highly accurate predictor of a US recession...
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