U.S. stock index futures tumbled on Wednesday, as growing trade tensions between...
- U.S. stock index futures tumbled on Wednesday, as growing trade tensions between the United States and China fanned worries about a global economic slowdown, keeping investors away from risky assets.
Adding to worries, China’s Huawei Technologies Co Ltd filed a motion for summary judgment in its lawsuit against the U.S. government, in the telecoms equipment maker’s latest bid to fight sanctions from Washington that threaten to push it out of global markets. This led to yields on the benchmark U.S. 10-year notes fall more than 10 basis points below the 3-month rates, causing a yield-curve inversion, typically seen as a leading indicator of a recession. The inversion is the deepest in almost 12 years.
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