Shares slide on fear trade spat is now a tech cold war [Reuters (UK)]
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Source: Reuters
Shares slide on fear trade spat is now a tech cold war - Reuters 5 Min Read NEW YORK (Reuters) - World shares skidded further on Thursday and oil prices slid more than 5% as investors worried the China-U.S. trade spat was turning into a technology cold war between the world’s two largest economies, boosting the dollar and sending benchmark government debt yields down. Worries over German manufacturing, trade-sensitive Asian economies, Brexit and European parliamentary elections have investors selling riskier assets and scurrying to perceived safe-havens. The dollar at one point hit its highest level in two years against a basket of six major currencies and the euro slumped to levels last seen in May 2017 as a recovery in euro zone business activity was weaker than expected. Stocks tumbled on Wall Street and yields on the benchmark 10-year U.S. Treasury note fell below 2.30% to the lowest since October 2017 as an early read of U.S. manufacturing data for May posted its weakest pace of
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