SYDNEY: Asian stocks faltered on Tuesday as Chinese economic data disappointed and investors pondered whether a marked flattening in the U.S. yield curve might ultimately be a harbinger of a slowdown there. "So even if we take the inverted curve as gospel, it suggests the expansion still has multiple years in it," said Porcelli. - ReutersEarlier report:Asia stocks shaky before China data, ponder yield curveSYDNEY: Asian stocks wobbled on Tuesday as investors awaited developments in U.S. tax reform efforts, while contemplating if a marked flattening in the U.S. yield curve might ultimately be a harbinger of an economic slowdown there. Tom Porcelli, chief U.S. economist at RBC Capital Markets, noted that a glance at history suggested a flatter, and particularly an inverted, yield curve was "compelling as an early warning sign" of recession. "So even if we take the inverted curve as gospel, it suggests the expansion still has multiple years in it," said Porcelli.

Source: The Star November 14, 2017 02:08 UTC