Investors Seek Safety in Yen, Gold as Markets Swing - News Summed Up

Investors Seek Safety in Yen, Gold as Markets Swing


Uneven economic data and volatility in stocks have accelerated a surge into assets perceived as relatively safe, highlighting the unease felt by many investors at the start of 2019. The Japanese yen is up nearly 5% against the dollar since markets began sliding at the end of last year’s third quarter. That move picked up speed after weaker-than-expected manufacturing data and a sales warning from Apple Inc. last week bolstered fears of a global slowdown.


Source: Wall Street Journal January 06, 2019 14:03 UTC



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