LONDON (Reuters) – Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of America Merrill Lynch said on Friday.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 7, 2018. REUTERS/Brendan McDermid
This week’s selloff was precipitated by the inversion of part of the U.S. yield curve, which has previously been a reliable indicator of an impending recession.
It deepened on…
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