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Investors flee bonds and stocks in turbulent week for growth and trade

Reuters  |  LONDON 

LONDON (Reuters) - Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of America Merrill Lynch said on Friday. This week's selloff was precipitated by the inversion of part of the U.S. yield curve, which has previously been a reliable indicator of an impending recession. [nL1N1YA21F][nL1N1YA20L]It deepened on Thursday after the chief financial officer of China's Huawei was arrested on a U.S. request, sending markets spiralling further as ...

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First Published: Sat, December 08 2018. 00:03 IST