GLOBAL MARKETS - Fears for US Economy Send Investors to Safe Havens, Fuel Stock Slump

August 02, 2024, 11.03 PM | Source: Reuters
GLOBAL MARKETS - Fears for US Economy Send Investors to Safe Havens, Fuel Stock Slump

ILUSTRASI. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. REUTERS/Brendan McDermid

GLOBAL MARKET - NEW YORK/LONDON. Weak U.S. data reaffirmed investor worries on Friday, fueling a sell-off in global equities and pressuring U.S. Treasury yields to multi-month lows.

Richly valued technology firms took much of the pain, and an index of European bank stocks headed for its largest weekly decline in 17 months on soft earnings.

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