Stocks tumble as bond markets sound US recession warning

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Reuters
article author: 
ID: 
1553485764215044900
Mon, 2019-03-25 03:17

SYDNEY: Investors ditched shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favor on growing fears about a US recession, sending global yields plunging.
US stocks futures fell, with E-minis for the S&P 500 skidding 0.5 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.4 percent to a one-week trough in a broad sell-off in equities in the region.

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