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Global stocks dive on growth concerns, doubts over trade truce

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - Global stocks tumbled on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism sharply waned that the United States and China would quickly resolve their trade dispute. Benchmark Treasury 10-year yield fell to its lowest point since mid-September. The spread between the 10-year yield over its two-year counterpart also shrank to the smallest since the start of the financial crisis in January 2008, signalling to some investors an approaching U.S. economic slowdown. "Today is the perfect storm," said RJ Grant, head of trading ...

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First Published: Wed, December 05 2018. 03:24 IST
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