Economists urge Angela Merkel to boost spending as Germany suffers a 0.1% drop in GDP in April-June
- Latest: US yield curve inverts in ‘flashing light’ warning
- UK yield curve has also inverted – a worrying sign
- Breaking: German GDP shrank 0.1% in April-June
- Economists: Berlin should boost spending
- German exports have fallen as trade wars bite
Bloomberg have written a handy explanation of what an inverted yield curve is, and why it matters – it’s online here.
It explains that:
In America, traders are waking up to the news that the US yield curve has inverted.
Wall Street is predicted to fall by around 1% when trading begins in two hours, as investors ponder whether the bond market is signalling a recession.
The shackles are off… #US yield curve inversion getting deeper. Stocks are tumbling, #SPX futures down by more than 1%. pic.twitter.com/KIIlg8fVDP