Morning Bid: New worries over growth spook markets

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Morning Bid: New worries over growth spook markets
Rollercoaster RideRae WeeFederal Reserve
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It's been a rollercoaster ride of a week and Friday is shaping up to be no exception for investors, with risk assets in particular set for a heavy beating...

The arrival of record numbers of migrants has posed a political problem for President Biden as he seeks reelection in November, up against Trump, who has made cracking down on immigration the top issue in his campaignIt's been a rollercoaster ride of a week and Friday is shaping up to be no exception for investors, with risk assets in particular set for a heavy beating when Europe wakes up.

U.S. Treasury yields meanwhile slumped to their lowest in months, after the manufacturing data triggered doubts over whether the world's largest economy could achieve a much-anticipated soft landing.The Israeli military said on Thursday, a day after Hamas' political leader was assassinated in Tehran, that the head of the group's military wing, Mohammed Deif, was killed in an Israeli airstrike in Gaza last month.

Elsewhere, Japan's Nikkei was headed for its worst day in more than four years, tracking Wall Street's slide and as a strengthening yen looked set to weigh on exporters' profits. CLEVELAND — David Fry hit a three-run homer, José Ramírez had a two-run shot and the Cleveland Guardians hammered the Baltimore Orioles 10-3 on Thursday night in a matchup of two of the AL’s division leaders.

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