Investors are alarmed to see longer-dated UK and US bonds trading at lower interest rates than shorter alternatives, a possible sign of recessionLatest: Dow Jones tumbles 700 points as selloff deepensEuropean stock markets hit six-month lowNEWSFLASH: US yield curve inverts in `flashing light´ warningUK yield curve has also inverted - a worrying signAnalyst: Why yield curve inversion could herald recessionEarlier:Breaking: German GDP shrank 0.1% in April-JuneEconomists: Berlin should boost spending 9.22pm BST Today´s sell off is one of the biggest points falls on the Dow ever:Dow closes down 800 points, 4th largest point decline in history. $DJIA pic.twitter.com/939nhyE834In percentage terms, today`s decline in the Dow (-3.05%) was the 342nd largest in history. To break the top 20 you need a drop of over 7%. $DJIA pic.twitter.com/gmfg5h2qi4 9.09pm BST Ouch! The Dow has just closed, deeper in the red than ever.The benchmark index shed 3%, or exactly 800 points, to end the day at 25,479. 8.25pm BST Here´s our news story on today´s market gyrations: Related: Markets spiral downwards on fears of German recession 7.55pm BST Update: Wall Street is refusing to shake off its gloom, and is actually hitting new lows.With barely an hour´s trading to go, the Dow is down an alarming 763 points, or 2.9%, at 25,515 points. 7.52pm BST Are you sitting comfortably? Then here´s a short story about the problemRecessions and the yield curve; all you`ll ever need to know. I post this parable every year or so, so it would be remiss not to roll it out today of all days. pic.twitter.com/2PCDrblltd 7.09pm BST Time for a recap 6.35pm BST Newsflash: President Donald Trump has launched another salvo at Federal Reserve chair Jerome Powell.Trump is unhappy with the way Powell presented last month´s interest rate cut, and (as usual) is pushing the Fed for more aggressive cuts.The Great Charles Payne @cvpayne correctly stated that Fed Chair Jay Powell made TWO enormous mistakes. 1. When he said ...
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