Dow plunges 800 points and Asian stocks fall as recession fears grow
by Edward Helmore from on (#4NA2Z)
- Sharp declines across the world as bonds point to uncertain outlook
- Trump urges Fed chief Powell to make further interest rate cuts
Signs of a global economic slowdown roiled the markets on Wednesday as shares dived and investors fled to bonds with such intensity that short-term yields rose above longer-term ones for the first time since the crisis of a decade ago - an inversion many market-watchers saw as a strong signal of an approaching recession.
Related: Inverted curve proves White House has won its battle with the Fed
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