GLOBAL MARKETS-Yields slip, stocks struggle as economic fears grow ...Middle East

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GLOBAL MARKETS-Yields slip, stocks struggle as economic fears grow
source : Devdiscourse ( Middle East ) () 24
Stocks on Wall Street were mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note's yield remained firmly under 3%, spurring hopes the Federal Reserve will refrain from further interest rate hikes. Chinese retail and factory activity fell sharply in April as COVID-19 lockdowns severely disrupted supply chains while New York's factory output slumped in May for the third time this year amid a collapse in new orders and shipments.

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