European stocks fall as US bonds yield curve inverts

2019-08-22 13:02:48 GMT (Economies.com)
European stocks fall as US bonds yield curve inverts

European stocks fell today in early trading, to head for the second loss in the last three days, after the inversion of the US Treasury bonds yield curve, which is a major sign of a near recession in the US, in addition to the US Fed meeting minutes lowering the odds for a series of monetary policy easing to protect the economy from increased risks.

 

As of 10:45 GMT, Stoxx Europe 600 fell more than 0.3%, while it closed yesterday higher by 1.2% after strong gains for the Italian stocks, while the index fell in the previous day by 0.7% on Italy's political crisis concerns.

 

The index fell today with most of the European markets and sectors, while the he consumer goods sector was the biggest loser in Europe, as it fell by 1.4%.

 

The US bonds yield curve, as it is being closely monitored as a sign of a possible US recession, was briefly inverted today with the 10-year treasury yield falling below the 2-year yield.

 

The US Fed meeting minutes, showed that the US policy makers saw the rate cut as a readjustment, while not a sustained easing of monetary policy, to raise the market's concerns that the US Federal Reserve will not act sufficiently in the face the global risks.

 

S&P 500 futures fell more than 0.3%, while it closed yesterday in Wall Street higher by 0.8%.

 

While the Euro Stoxx 50 fell by 0.4%, while the French CAC 40 fell by 0.5%, with Germany's DAX shedding 0.1%, and in London the FTSE 100 fell by 0.6%.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
US
 
Europe
 
Asia