European stocks close lower amid recession fears; investors await Fed clarity
Thursday, 22 August 2019 23:12 WIB | MARKET UPDATE |Indeks Stoxx Europe 600Saham Eropa
European stocks closed lower on Thursday as fears of a recession rose ahead of a key speech from Federal Reserve Chairman Jerome Powell.
The pan-European Stoxx 600 closed down 0.40% to 374.29, with the majority of sectors and major bourses tipping into negative territory.
European markets started the session in the red after the widely watched 2-year-10-year U.S. yield curve inverted for the second time in two weeks. The yield curve, often monitored as precursor for recession, flattened and then briefly inverted Wednesday after the release of minutes from the latest meeting of the U.S. Federal Reserve™s Federal Open Market Committee (FOMC).
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