Economic news

Stock market and crude drop, German bonds at minimum of 6 months

Returns on government bonds of Germany stood at the minimum of half a year today, with investors searching for less risky assets amid falling equity markets and oil prices.

Photo: Reuters

EU equity market lost near 2%, Wall Street shares were to start the session lower judging by U.S. stock futures, as taking into custody of one of Huawei’s executives caused a new wave of trade dispute worries.

Meanwhile OPEC hinted it might decide to reduce production by a lower amount than had been planned earlier, sending crude prices downwards. The organization, together with other exporting states including Russia, holds a meeting in Vienna today to work out a common supply scheme.

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