Financial Markets Tumbled amid Worries over Global Economic Slowdown
BonTradeA risk-off day as the Fed downgraded US economic outlook, followed by moderated growth in China’s economy and BOE’s downward revision on GDP and inflation forecasts. Stock markets plummeted in both the US and Europe with losses above -2% while commodity prices were broadly lower amid worries that global economic growth will stall in the second half. USD, JPY and Treasuries soared as investors demanded for safety.
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Financial Markets Tumbled amid Worries over Global Economic Slowdown
