SYDNEY - Asian share markets were painted red on Thursday as recession concerns sent bond yields spiraling lower across the globe, overshadowing central bank attempts to calm frayed nerves.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trade, with South Korea off 0.7 percent.On Wall Street, the Dow had ended Wednesday down 0.13 percent, while the S&P 500 lost 0.46 percent and the Nasdaq 0.63 percent. Plans to mitigate the side-effects of negative interest rates could also be considered, suggesting the central bank was preparing for an extended period below zero.
Currency printing will continue, QE is the new norm..... DOW irregularities became a common scene for the last few quarters now, and although a “tell tale sign”, consumers are very much hanging on! Its all good over here!
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Source: Reuters - 🏆 2. / 97 Read more »