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Markets slide as Germany faces recession, and US and UK yield curves invert – business live

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Investors are alarmed to see longer-dated UK and US bonds trading at lower interest rates than shorter alternatives, a possible sign of recessionLatest: US yield curve inverts in ‘flashing light’ warningUK yield curve has also inverted – a worrying signAnalyst: Why yield curve inversion could herald recessionEarlier:Breaking: German GDP shrank 0.1% in April-June
Economists: Berlin should boost spending 2.14pm BST It’s worth remembering that an inverted yield curve doesn’t signal an immediate US recession – the downturn could be a year away.That would coincide with the next presidential election — potentially undermining Donald Trump’s re-election bid.Assuming yield curve inversion is calling a recession in 12-18 months – that would put it slap bang in time for the 2020 US election

— can see why Trump keen on rate cuts 2.08pm BST The futures market is signalling a rough day on Wall Street, with the US benchmark stock indices called down at least 1.3% Continue reading…



Source link : https://www.theguardian.com/business/live/2019/aug/14/germany-economy-shrinks-gdp-recession-uk-inflation-stock-markets-business-live

Author : Graeme Wearden

Publish date : 2019-08-14 13:14:59

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