Equities and Treasury yields fell on Monday as concerns about the health of the US economy weighed on investors’ appetite for risk.
A gauge of Asian shares dropped as equity futures contracts for the S&P 500 declined 0.4% and those for the tech-heavy Nasdaq 100 also fell.
Treasury yields slipped across maturities as investors sought the safety of fixed income assets.
The shift toward havens lifted both the yen and the Swiss franc, while a gauge of the dollar held just shy of its lowest since November as confidence in further US economic outperformance faltered.
Gold inched up, while oil fell to near the lowest since September as weak economic data from China compounded a dour outlook for demand.
Tariffs on major trading partners, a higher unemployment rate and federal workforce job cuts are raising the prospect of a slowdown in growth in the world’s largest economy after outperforming China and Europe for months.
