European Stocks Open Lower After US Yield Curve Flashes Recession Warning
Thursday, 22 August 2019 14:32 WIB |
MARKET UPDATE |Stoxx 600Saham Eropa
European stocks opened lower Thursday after the widely watched 2-year/10-year U.S. yield curve inverted for the second time in two weeks.
The pan-European Stoxx 600 slipped 0.4% at 374.32 at the opening bell, technology stocks leading losses with a 0.6% drop as the majority of sectors and major bourses traded in the red.
The yield curve, often monitored as precursor for recession, flattened and then briefly inverted Wednesday after the release of minutes from the latest meeting of the U.S. Federal Reserve™s Federal Open Market Committee (FOMC).
Source : CNBC
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