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World stocks sideswiped by Wall Street, US yield curve double whammy

So far, 10-year yields are clinging to an 11-basis-point margin over the two-year, although it was the smallest one in over a decade

Reuters  |  London 

Global stocks tumbled to one-week lows on Wednesday, as declines by long-dated US bond yields and a renewal of trade concerns stoked fears of a downturn in the United States, the world's largest economy. US markets are closed to mark former President George H W Bush's death, but the effect of Wall Street's turmoil in the previous session, when New York-listed shares tumbled more than 3 per cent, was felt in Asia and Europe. That pushed MSCI's all-country index down 0.4 per cent. Tuesday's declines came just a day after an equity surge driven by optimism ...

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First Published: Wed, December 05 2018. 17:55 IST
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