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Global stocks fall on growth concerns, doubts over trade truce

Reuters  |  New York 

By Laila KearneyNew York (Reuters) - Global stocks sank and the dollar fell on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism that the U.S. and China would quickly resolve their trade dispute dwindled. 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 ...

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First Published: Wed, December 05 2018. 02:50 IST