Markets Turbulent After Grim German Manufacturing Data Emerges
iSpeech.org
German 10-year bond yields plunged below zero while European shares and the euro fell on Friday as well. German manufacturing contracted for a third straight month in March, compounding worries that trade disputes are exacerbating a slowdown in Europe’s biggest economy. According to Reuters, the dip in the market came after the grim data from the continent fuelled fears of a global economic slowdown--but this week’s dovish turn by the U.S. Federal Reserve also rattled investors.
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