Europe stocks open higher as calm returns to markets following Treasury yield inversion
Friday, 16 August 2019 14:20 WIB | MARKET UPDATE |Saham EropaStoxx Europe 600

European markets open higher on Friday as investors monitor Treasury yields for clues on a possible recession.

The pan-European Stoxx 600 was up by 0.35% to 365.09 with every sector moving higher. The FTSE 100 has failed to open so far.

Investor sentiment, already dampened by a slowing economy and ongoing Sino-U.S. trade tensions, turned more pessimistic in recent days after the U.S. 2-year/10-year Treasury yield curve inverted ” a market move that is widely considered to be a signal of a looming recession.

U.S. 30-year Treasury yields dropped to a record low on Thursday, falling below 2%, while yields on benchmark 10-year notes dipped to a three-year low, as investors flocked to safe haven assets.

Source : CNBC

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