Page 16 - Latest Updates on Recession
Rate hike bets subdue gold prices even as economic slowdown fears mount
Spot gold fell 0.2% to $1,817.00 per ounce by 0920 GMT, holding a tight range between $1,814.30 - $1,822.76. U.S. gold futures were down 0.2% to $1,817.60.
 "Rate hike bets subdue gold prices even as economic slowdown fears mount")
Global stocks in red as consumers fear recession amid inflation trends
Stocks have globally taken a hit as consumers are fearing an impending recession market based on inflation trends in recent times
 "Global stocks in red as consumers fear recession amid inflation trends")
Gold stuck in range as rate hike bets and recession fears collide
Although gold is considered a hedge against inflation and economic uncertainties, rate hikes dim bullion's appeal by increasing the opportunity cost of holding the asset which pays no interest.
Commodities face recession test even as Goldman Sachs stays bullish
Across markets, there's growing talk that high prices for raw materials will be cured only by recessions in the second half
 "Commodities face recession test even as Goldman Sachs stays bullish")
Recessions in advanced economies may help cool inflation in India
Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation, according to Citigroup Inc
 "Recessions in advanced economies may help cool inflation in India")
US dollar, Japanese Yen find support as investors put safety first
The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data
 "US dollar, Japanese Yen find support as investors put safety first")
Global dealmaking braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.
 "Global dealmaking braces for dry spell as boardrooms put expansion on hold")
Oil rises almost $2 a barrel, still set for weekly drop on recession fears
U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets
 "Oil rises almost $2 a barrel, still set for weekly drop on recession fears")
Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market
 "Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance")
Citi sees chances of global recession nearing 50% due to Ukraine war, Covid
Recession is an 'increasingly palpable risk' for the economy, Citigroup analysts wrote in a note on Wednesday
 "Citi sees chances of global recession nearing 50% due to Ukraine war, Covid")
Fed aims to avoid recession, but it certainly is a possibility: Powell
He said the pace of future rate hikes will depend on whether and how quickly inflation starts to decline, something the Fed will assess on a meeting by meeting basis.
 "Fed aims to avoid recession, but it certainly is a possibility: Powell")
Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell
Its decision-making will be based on the incoming data and the evolving outlook for the economy, Powell said in prepared testimony to the Senate Banking Committee
 "Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell")
5 reasons why BofA Securities has cut year-end Nifty target to 14,500
Clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022., it said
 "5 reasons why BofA Securities has cut year-end Nifty target to 14,500")
No let-up in market sell-off as recession fears build for world economies
Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession
 "No let-up in market sell-off as recession fears build for world economies")
Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
 "Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%")
IT analysts in wait-and-watch mode as experts see mild recession in the US
Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23
 "IT analysts in wait-and-watch mode as experts see mild recession in the US")
Risk of US recession now higher and more front-loaded, warns Goldman
The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year
 "Risk of US recession now higher and more front-loaded, warns Goldman")
Markets need tourniquet fix: Metal stocks melt down amid fears of recession
BSE Metal Index now down 35% from 2022 highs
 "Markets need tourniquet fix: Metal stocks melt down amid fears of recession")
US economy will slow but recession not inevitable, says Janet Yellen
Treasury Secretary Janet Yellen said Sunday that she expects the US economy to slow in the months ahead, but that a recession is not inevitable.
 "US economy will slow but recession not inevitable, says Janet Yellen")
Coinbase lays off 18% of workforce; firm entering recession, says CEO
Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn
 "Coinbase lays off 18% of workforce; firm entering recession, says CEO")
