Rush into U.S. bonds curbs global stock markets; gold touches…

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Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.

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NEW YORK (Reuters) – Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.

FILE PHOTO – Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. REUTERS/Jason Lee

In commodity markets, oil prices slipped to near seven-month lows, with the potential for damage to the global economy and dampened demand from the Sino-U.S. trade dispute casting a shadow over the market.

International benchmark Brent crude futures fell 3.2% to $57.03 a barrel, while U.S. crude dropped 3.7% to $51.65.

Graphic: MSCI All Country World Index Market Cap – tmsnrt.rs/2EmTD6j

Reporting by David Randall; Editing by Nick Zieminski, Dan Grebler and Jonathan Oatis


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Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.

Source: {authorlink}

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