Global Markets Tumble Amid Recession Fears and Central Bank Uncertainty
TL;DR Summary
Asian stocks are on track for their worst week in a month-and-a-half due to recession fears as US data and earnings show signs of weakness. US Treasuries have rallied, with two-year yields falling as investors turn to safety and bet the US hiking cycle is over. The Japanese market is an outlier, with the Nikkei touching an eight-month high and on track for a second consecutive weekly gain. The US dollar has also been weighed down as traders bet on 50 bps in US rate cuts this year.
- Recession fears set stocks on course for weekly drop Reuters
- Asia Stocks Follow US Losses as Sentiment Worsens: Markets Wrap Yahoo Finance
- Hang Seng Index, ASX200, Nikkei 225: Caution Hits the Markets FX Empire
- Morning Bid: Cautious markets focus on central banks' diverging paths Reuters
- Recession fears leave stocks drifting toward weekly loss Yahoo Finance
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