Friday 26 April 2019
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business-standard - 1 month ago

China Stocks follow global markets lower

Stocks around the world were under pressure as investors fled to the safety of bonds after cautious remarks by the U.S. Federal Reserve last week on cooling economy and growing concern about the outlook for the global economy, sparked by soft PMI data from the Eurozone and United States in March that sent the 10-year treasury yields below the three-month rate for the first time since 2007 embedding interest rate curve inversion. Traditionally, an inverted yield curve - where long-term rates fall below short-term - has signalled an impending recession. .


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