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The weak growth data of the Eurozone, China and Germany economies weighed on global equity markets. The European and US indexes fell in the red Wednesday, largely erasing the gains of the previous session, thanks to the delay by Washington to establish tariffs on some Chinese imports Asian indices, however, have escaped the downtrend by closing before weak growth data.
At the New York Stock Exchange, US stock indexes fell on Wednesday, erasing some of the major gains on Tuesday, and did not stop the reasons for the loss of "Wall Street" to the extent of the impact weak Chinese and European growth data, indicating that both regions are entering a spiral of recession after the US bond market has posted a 30-year US Treasury yield falling to its lowest level on Wednesday, triggering a worrying signal regarding the US economy.
The Dow Jones Industrial Average lost 400 points, or 1.2%, while the S & P lost 1.6%, and the Nasdaq, 0.98%, where the 10-year Treasury yield of reference is broken yesterday, less than the price of two years, a strange phenomenon The bond market, reliable indicator of the recession, worries investors in the face of economic conditions and rushes to safe haven badets, bringing the 30-year Treasury yields return to a new high.
Banking stocks led downward on Wall Street, with Bank of America and Citigroup down more than 3%, while JPMorgan declined 2.8%.
In the old continent, European equities fell globally on Wednesday after weak growth expectations from Germany and China reinforced fears of a global slowdown, which overshadowed a temporary truce in the war. tariff between Washington and Beijing, the European index Stoxx 600 fell 1.4% and the index "German DAX 1.9%, Fuchi Britain 1.2%, CAC French 1.7%,
The administration of US President Donald Trump has postponed the application of a 10% tariff on some Chinese products, including laptops and mobile phones, to September, thus offering the markets Volatile Fellows of the World a breathtaking opportunity. China's weakness and the contraction of the export-driven German economy, the largest in Europe, in the second quarter, warn that the impact of the long-running trade war between the United States and China will not end soon.
Swiss manufacturer of elevators Schindler lost 4.3% of its business news after its company announced a 22% drop in earnings in the second quarter due to wage inflation, rising higher material and foreign exchange costs and higher anticipated costs.
In Asia, Japanese equities made up for almost all the heavy losses in the previous session on Wednesday, thanks to Washington's delay in imposing tariffs on some Chinese imports, with US President Donald Trump's decision providing much-needed relief. markets. The chip industry and related companies at Apple in Japan are the most powerful engine.
The benchmark Nikkei gained 1% to close at 20,655.13 points, offsetting much of the 1.1% decline recorded on Tuesday, while the broader Topix gained 0.9% at 1,499.50.
Manufacturers of electronic components and chip companies in Tokyo jumped, Taiyo Yuden jumped 6.3%, Murata Manufacturing and TDK Corp rose 3.3% and 4.3%, respectively.
The shares of Screen Holdings, a manufacturer of semiconductor manufacturing equipment, grew by 6 percent, and Tokyo Electron, chip maker, by 1.1 percent.
The Fanuc heavyweight on the Nikkei rose 2%, supported by an unexpected rise in machinery orders in Japan in June, a possible sign that business investment remains robust against slowing global growth and global trade conflicts. .
(Agencies)
At the New York Stock Exchange, US stock indexes fell on Wednesday, erasing some of the major gains on Tuesday, and did not stop the reasons for the loss of "Wall Street" to the extent of the impact weak Chinese and European growth data, indicating that both regions are entering a spiral of recession after the US bond market has posted a 30-year US Treasury yield falling to its lowest level on Wednesday, triggering a worrying signal regarding the US economy.
The Dow Jones Industrial Average lost 400 points, or 1.2%, while the S & P lost 1.6%, and the Nasdaq, 0.98%, where the 10-year Treasury yield of reference is broken yesterday, less than the price of two years, a strange phenomenon The bond market, reliable indicator of the recession, worries investors in the face of economic conditions and rushes to safe haven badets, bringing the 30-year Treasury yields return to a new high.
Banking stocks led downward on Wall Street, with Bank of America and Citigroup down more than 3%, while JPMorgan declined 2.8%.
In the old continent, European equities fell globally on Wednesday after weak growth expectations from Germany and China reinforced fears of a global slowdown, which overshadowed a temporary truce in the war. tariff between Washington and Beijing, the European index Stoxx 600 fell 1.4% and the index "German DAX 1.9%, Fuchi Britain 1.2%, CAC French 1.7%,
The administration of US President Donald Trump has postponed the application of a 10% tariff on some Chinese products, including laptops and mobile phones, to September, thus offering the markets Volatile Fellows of the World a breathtaking opportunity. China's weakness and the contraction of the export-driven German economy, the largest in Europe, in the second quarter, warn that the impact of the long-running trade war between the United States and China will not end soon.
Swiss manufacturer of elevators Schindler lost 4.3% of its business news after its company announced a 22% drop in earnings in the second quarter due to wage inflation, rising higher material and foreign exchange costs and higher anticipated costs.
In Asia, Japanese equities made up for almost all the heavy losses in the previous session on Wednesday, thanks to Washington's delay in imposing tariffs on some Chinese imports, with US President Donald Trump's decision providing much-needed relief. markets. The chip industry and related companies at Apple in Japan are the most powerful engine.
The benchmark Nikkei gained 1% to close at 20,655.13 points, offsetting much of the 1.1% decline recorded on Tuesday, while the broader Topix gained 0.9% at 1,499.50.
Manufacturers of electronic components and chip companies in Tokyo jumped, Taiyo Yuden jumped 6.3%, Murata Manufacturing and TDK Corp rose 3.3% and 4.3%, respectively.
The shares of Screen Holdings, a manufacturer of semiconductor manufacturing equipment, grew by 6 percent, and Tokyo Electron, chip maker, by 1.1 percent.
The Fanuc heavyweight on the Nikkei rose 2%, supported by an unexpected rise in machinery orders in Japan in June, a possible sign that business investment remains robust against slowing global growth and global trade conflicts. .
(Agencies)
US 30-year bond yields are historically the lowest
US Treasury yields at 30 have fallen to their lowest level of history on Wednesday.
The 30-year US Treasury bond yield dropped 9 points to 2.068%, after reaching 2.056% earlier trading, the lowest level in history, exceeding that level for the 30-year maturity yield. In the United States, the lowest ever recorded Before that, in July 2016, when it had reached 2.09%, the yield on 10-year US Treasury bonds had fallen 8 points to 1.628%.
The yield curve between 2-year and 10-year bonds was reversed for the first time since 2007, and yields on 2-year US Treasury bonds declined 5 points to 1.624%. The 2- and 10-year Treasury yield curve has been reversed for the first time since the global crisis.
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