(Source: Bloomberg) – Signs of distress in financial markets are gathering force as concern over the state of the global economy deepens.
U.S. shares retreated, joining a tumble in European and emerging market stocks, while Treasuries gained and the rate on Germany’s 10-year bunds are at the lowest since April. Yields on bonds for Europe’s most-indebted countries rose, while the cost of protecting European banks’ and insurers’ senior debt is on its worst run since March 2013. Oil traded around $30 a barrel and spot gold rose for a seventh day, the longest winning streak since March.
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