Reported 2 months ago
Asian markets are bracing for repercussions after disappointing U.S. manufacturing data led to a drop in Treasury yields, raising recession concerns. Investors are shifting from equities to the safety of bonds, with expectations growing for a potential 50 basis point interest rate cut by the Federal Reserve. The decline in factory activity is compounded by sluggish economic signs in Europe and ongoing issues in China's economy, challenging global growth outlooks.
Source: YAHOO