European stocks fell on Wednesday as Germany's economy went into reverse, r...
Bond markets were also flashing warning signals of recession. The gap between U.S. two-year and 10-year Treasury yields - a closely watched metric for signs of a slowdown - fell to less than a basis point after shrinking on Tuesday to its narrowest since June 2007.
Equity investors on Wall Street and Asia had cheered earlier when U.S. President Donald Trump pushed back a Sept. 1 deadline for new tariffs on remaining Chinese imports., which had fallen 1% on Monday, rose 1.5% overnight, sending Asian stocks outside Japan up 0.6%. Benchmarks in Shanghai, Hong Kong and Tokyo all mirrored the surge in U.S. stocks.
“The trade war and the dispute between U.S. and China has already had an impact - especially when you look at countries most sensitive to global trade like Germany and even Italy,” said Christophe Barraud, chief economist and strategist at Market Securities in Paris.In another sign the trade dispute is dragging on economic growth, China’s industrial output slowed more than expected in July. Its 4.8% growth was the lowest in 17 years., considered a safe haven, gained 0.3% to 106.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks seen mixed amid global political uncertaintyEuropean stocks are set for a mixed open on Tuesday as investors monitor political uncertainty in Italy, Hong Kong and Argentina.
Read more »
German Economy Contracts as Global Trade Battle BitesEurope’s largest economy contracted slightly in the second quarter, rekindling fears of a recession and underscoring how the region’s industrial core is suffering from the uncertainty caused by the U.S.-China trade dispute.
Read more »
Drag Queens and the Rave Scene Inspire Gucci’s Newest Global Makeup ArtistWith a new Gucci Beauty contract and a freewheeling approach to makeup, Thomas de Kluyver pushes the limits of lipstick.
Read more »
Faire, The Online Marketplace For Local Mom-And-Pop Shops, Is Going GlobalOnline wholesaler Faire wants to give independent retailers another weapon against Amazon - the ability to source products from international craftsmen and vendors.
Read more »
Netflix Global Real Estate Grab: How the Streamer Is Expanding From London to SingaporeFrom sizable investments in studio facilities to high-end office spaces in some of the world’s priciest neighborhoods, Netflix is quickly building a robust physical presence around the globe.
Read more »