European shares closed sharply lower on Wednesday, as a weak growth outlook from Germany and China stoked fears of a global slowdown, overshadowing a temporary U.S.-China tariff truce.Down three of the last four sessions, the Stoxx Europe 600 SXXP,tumbled 1.68% to 366.15, with The U.K. FTSE 100 skidded 1.42% to 7147.88, the German DAX tumbled 2.19% to 11492.66 and the French CAC 40 tumbled 2.08% to 5251.30.
Wall Street main indexes slumped more than 2.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.. The Dow industrials slumped 800.49 points, or 3%, to 25479.42, led by sharp declines in economically sensitive industries such as banking and manufacturing. the S&P 500 was down 85.72points, or 2.93%, at 2,840.60 The Nasdaq Composite was down 242.42 points, or 3.02%, at 7,773.94.
Oil prices fell sharply on Wednesday as weak economic data out of China and Germany fueled fresh worries about a slowdown in global growth. U.S. crude futures fell 3.3% to $55.23 a barrel on the New York Mercantile Exchange. Brent crude, the global gauge of oil prices, slipped 3% to $59.48 a barrel on the Intercontinental Exchange.
Global Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening.
U.S. 2-year and 10-year Treasury yield gap inverts
European shares close sharply lower
German GDP data, Chinese industrial output add to gloom
U.S. stocks fall almost 3%; European shares down 1.6%
Crude oil prices slid shrply after previous day’s big surge.
U.S. gold futures settled up 0.9%
Asia stocks open lower on Thursday as bond markets signal recession warning.
Asian stocks were roiled by recession fears Thursday, though markets in Hong Kong and Shanghai recovered their losses by the end of the day. The markets generally finished mixed. The Hang Seng gained 0.76% and the Shanghai Composite rose 0.25%. The Nikkei 225 lost 1.21%. The ASX 200 is down 2.85%. South Korea's market is closed for a public holiday.
U.S. stocks advanced Thursday as upbeat data on Americans’ spending habits helped to ease investors’ fears about a possible recession. The S&P 500 and the Dow gained ground in a late rally as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions. The Dow Jones Industrial Average rose 99.97 points, or 0.39%, to 25,579.39, the S&P 500 gained 7 points, or 0.25%, to 2,847.60, and the Nasdaq Composite dropped 7.32 points, or 0.09%, to 7,766.62.
Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories. U.S. oil prices fell 1.4% to $54.47 a barrel. Brent, the global benchmark, was off 2.1% to $58.23 a barrel.
China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession. The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings.
European stocks ended lower Thursday amid a volatile session following a global sell-off
U.S. stocks generally advanced Thursday in a late rally
Retail sales, Walmart earnings offset global slowdown fears
Dollar recovers as strong U.S. data soothes market nerves.
The yield on 30-year U.S. government debt fell
Oil extends big overnight drop on demand, supply pressure.
Stocks in Asia are mixed Friday morning as investors watched yields on longer duration U.S. Treasurys.
Stocks in Asia traded mixed today morning as investors watched yields on longer duration U.S. Treasurys. Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.55% while the Hang Seng is up 0.45%. The Nikkei 225 is up 0.09%. The ASX 200 is down 0.14%. The Kospi slipped 0.86% following its return from a holiday.
SGX Nifty Futures in Singapore Exchange is trading up 55.00 points or 0.50% at 10.952.00
Our Markes are expected to open positive today