News
        German Business Confidence Survey Mitigates Economic Recession Concerns


 bearing in stock

if you are interested in it , Get free samples :sales@edabearings.com

The euro rose Monday as stronger-than-expected German business confidence surveys partially alleviated recession concerns and pulled the safe-haven currency, the yen, back from its six-week high against the dollar.
Global financial markets shocked on Friday as the U.S. Treasury bond yield curve reversed amid fears that the U.S. economy would decline, with 10-year bond yields falling below three-month Treasury bond yields. These fears triggered a sell-off of stock markets and other growth-oriented assets, with investors pouring into assets deemed less risky, such as the yen, gold, U.S. Treasuries and German bonds.
In the past 50 years, before every recession in the United States, there has been an inversion of the bond yield curve.
"We stood on the cliff last Friday and looked down into the abyss," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC. "Today we are taking a step back."
Traders'confidence has stabilized after Ifo, a German think tank, reported that its business sentiment index rose to 99.6 in March, higher than its forecast of 98.5, ending a six-month decline.
The data briefly boosted German 10-year bond yields to positive levels, helped European stock markets and boosted the euro to a daily high of $1.13315, up 0.2% against the dollar EUR = EBS.


PREVIOUS:South Korea still dispatches staff to Korea Joint Office.        NEXT:Renminbi and Fixed Income Markets are also bullish