Asia stocks nurse losses, bonds hold huge gains

Financial Post | Aug 16, 2019 at 12:36 AM
  • Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove bond yields to fresh lows.
  • Indeed, futures imply a one-in-three chance the Federal Reserve will chop rates by 50 basis points at its September meeting, and see them reaching just 1% by the end of next year.
  • Brent crude futures added 23 cents to $58.46, while U.S. crude rose 33 cents to $54.80 a barrel.
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  • Asia stocks nurse losses, bonds hold huge gains (Reuters: Aug 16, 2019 at 12:36 AM)