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Stock markets stable after China trade warning

August 16, 2019 5:14 am

Stock markets around the world have stabilised, after fears of a slowing global economy sparked a big sell-off on Wednesday.

The main US share indexes closed 3% lower overnight, but the benchmark Dow Jones was slightly higher on Thursday.

This was despite a warning from China that it would take new countermeasures against US trade tariffs.

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However, the picture was more mixed in Europe, with London’s FTSE 100 closing more than 1% down.

There was panic on European, US and Asian markets on Wednesday, after weak data from Germany and grim signs in bond markets raised fears of a global slowdown.

The yield on two-year and 10-year Treasury bonds inverted for the first time since June 2007 in the UK and the US as investors dived into longer-term investments.

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