- The specter of a global trade war sent world stocks tumbling on Friday and drove investors toward the traditional safe plays of government bonds and the Japanese yen.
- Europe’s STOXX 600 index fell over 1 percent early on, following both Wall Street and Asia down, after Donald Trump said the United States would impose hefty tariffs on imported steel and aluminum.
- US Treasury yields fell as they appeared to push aside considerations of inflation, a major theme that spooked global financial markets earlier this year.
LONDON (Reuters) – The specter of a global trade war sent world stocks tumbling on Friday and drove investors toward the traditional safe plays of government bonds and the Japanese yen.
Europe’s STOXX 600 index fell over 1 percent early on, following both Wall Street and Asia down, after Donald Trump said the United States would impose hefty tariffs on imported steel and aluminum.See the rest of the story at Business Insider
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