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European stocks mostly higher as fragile calm returns after global sell-off on recession fears


Thursday, 15 August 2019 14:40 WIB

Saham EropaStoxx Europe 600


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European stocks opened mostly higher Thursday as fragile calm returns to markets following a global sell-off as bond markets stoked fears of an impending recession.

The pan-European Stoxx 600 edged 0.2% higher to 366.71  in early trade, travel and leisure stocks leading gains with a 0.8% climb, while the oil and gas sector continued to slide, trading 0.2% lower.

Global markets were routed on Wednesday as the U.S. 2-year/10-year Treasury yield curve inverted for the first time since 2007, while the U.K. 2-year/10-year curve inverted for the first time in over a decade. Yield curve inversions are traditionally seen as indicators of an oncoming recession. German and French bond yields also hit record lows.

Source : CNBC


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