The Japanese yen hovered near a six-week high on Monday while Asian shares are e...
SYDNEY - The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favor on growing worries about an impending U.S. recession, sending global bond yields plunging.
Investors also kept one eye on the details of a nearly two-year U.S. investigation which found no evidence of collusion between Donald Trump’s election team and Russia, in a major political victory for the U.S. President.On Friday, all three major U.S. stock indexes registered their biggest one-day percentage losses since Jan.3 with the Dow sliding 1.8 percent, the S&P 500 off 1.9 percent and the Nasdaq dropping 2.5 percent.
“We have re-run our preferred yield curve recession models, which now suggest a 30-35 percent chance of a U.S. recession occurring over the next 10‑18 months,” said Tapas Strickland, markets strategist at National Australia Bank. Much of the concerns around global growth is stemming from Europe and China which are battling separate tariff wars with the United States. Political turmoil in Britain over the country’s exit from the European Union is also a major overhang for risk assets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar climbs vs euro on German PMI miss; yen strongThe U.S. dollar climbed against the euro on Friday to its highest in more than a...
Read more »
Dollar near two-week low before Fed meeting, yen strengthensThe dollar was on the defensive on Tuesday, weighed by growing expectations the ...
Read more »
In Little Saigon, this newspaper has been giving a community a voice for 40 yearsIn 1978, 3 years after leaving Vietnam hours before Saigon fell, Yen Ngoc Do started what became the largest Vietnamese-language publication in the U.S. This is the story of a man’s mission to bridge 2 worlds, as told by his daughter Anh Do (newsterrier)
Read more »
Dollar near two-week low before Fed meeting, yen strengthensThe dollar was on the defensive on Tuesday, weighed by growing expectations the ...
Read more »
Iran's Zarif: will strengthen ties with nations tired of U.S. 'bullying'Iran will expand its ties with nations equally tired of 'bullying' by ...
Read more »
Dow dives 350 points as key economic indicator raises recession fearsFinancial markets convulsed as investors flee stocks in search of safety
Read more »
When the U.S. falls into a recession, a credit bubble will explodeWhen the U.S. falls into a recession, a credit bubble will explode, says JohnFMauldin
Read more »
U.S. asylum seekers returned to Mexico despite fear claims under policy challenged in courtTwo people from Central America seeking asylum in the United States were sent ba...
Read more »
Deutsche Bank merger talks with Commerzbank raise job fears, lift sharesDeutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Ang...
Read more »