Newsgeeker.com news site RSS Email Alerts

Custom


[Markets] Dow falls to Thursday low and 10-year bond slides below 1.5% as ECB official points to shock-and-awe stimulus The Dow Jones Industrial Average fell to its Thursday low in afternoon trade as the market digested reports about coming monetary-policy action out of Europe. The Wall Street Journal reported that the European Central Bank was readying a package of stimulus measures at its next policy meeting in September that should exceed investors' expectations. The 10-year Treasury note yielded 1.48%, representing a fresh three-year low for the benchmark bond. Bond prices rise as yields fall. The WSJ reported that Olli Rehn, who sits on the ECB's rate-setting committee as the head of Finland's central bank, said the slowing global economy would see Europe's central bank roll stimulus measures that should include "substantial and sufficient" bond purchases as well as cuts to the bank's key interest rate. The comments come as the market has been rattled by worries about a global economic recession, heightened by a so-called yield-curve inversion, where the 2-year Treasury note has risen above the 10-year for the first time in more than a decade. The Dow, most recently, was down 100 points, or 0.4%, at 25,380, while the S&P 500 index declined 0.4% at 2,831, while the Nasdaq Composite Index retreating 0.6% at 7,724. Published:8/15/2019 1:19:46 PM
Top Searches:
books
FBI
-1'
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
obama
obamacare
NASA
dow
dow1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45,8
Casey

Jobs from Indeed

comments powered by Disqus