Wednesday 28 August 2019

Wall Street Slipped On Tuesday, Weighed Down By Financial Stocks

Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised US recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.

Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight US selloff. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.03 percent, Japan's Nikkei rose 0.04 percent and Australia's shares rose 0.07 percent.

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