Bonds Rise With Gold, Yen as Weak China Data Stoke Haven Demand
- Oil climbs as fuel stockpile drop outweighs crude supply gain
- Most Asian index futures signal rebound; Nikkei futures drop
China's Trade Troubles: Too Much Pressure on Yuan?
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Traders rushed into the safety of government bonds, the yen and gold on concern weakness in Chinese exports portends even slower global growth just as the Federal Reserve considers raising U.S. interest rates.
Treasuries rebounded from a four-month low, joining gains in European and Asian sovereign debt. Japan’s currency climbed against most major peers, while the pound fluctuated on concern over the U.K.’s plan to exit the European Union. The cost of insuring investment-grade corporate debt against losses jumped to a two-week high. Equities pared their slide as defensive companies rose. Oil topped $50 a barrel after a drop in U.S. fuel stockpiles.