Economics
Investors Lose on Bonds, Stocks for First Time Since Crisis
- Central banks ending stimulus and political risks hit markets
- Slower economic growth may be challenge for investors in 2019
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Corporate bonds and stocks are to set hand out annual losses on both sides of the Atlantic for the first time since the global financial crisis a decade ago.
Fast-shifting narratives on interest rates and U.S.-China trade tensions have hit shares this year, while global credit is headed for the worst year in 10 as the withdrawal of central-bank stimulus increases focus on company-specific risks. It will be the first time since 2008 that buyers of stocks and credit both get negative returns, and only the second time since at least 1998, data compiled by Bloomberg show.