Page 9 - Latest Updates on Recession
Oil extends losses as weak demand outlook lingers global recession fear
Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel
 "Oil extends losses as weak demand outlook lingers global recession fear")
Dollar jumps on safety flows after China data, yuan slips on rate cut
The U.S. dollar index against six peers rose 0.6% to 106.3, consolidating near the middle of its range this month. The euro eased 0.6% against the dollar to $1.0191, after touching a one-week low.
 "Dollar jumps on safety flows after China data, yuan slips on rate cut")
With inflation at 8.9%, Europe bond rally at risk of complacent market
With the worst yet to come in Europe, strategists say policy makers may hike more aggressively than many expect, upending a bond rally that some say has gone too far
 "With inflation at 8.9%, Europe bond rally at risk of complacent market")
US stock markets tumble when hit by global recession, says report
The S&P500 had dropped to 3,667 on June 17 but has jumped 15 per cent in the past two months
 "US stock markets tumble when hit by global recession, says report")
UK economy shrinks in second quarter, sharpening recession fears
The statistics office said health spending was the biggest contributor to the fall, as the government scaled down coronavirus testing, contact tracing and vaccination programs.
 "UK economy shrinks in second quarter, sharpening recession fears")
Oil prices set for weekly climb, uncertain demand outlook cap gains
Brent crude futures were down 9 cents, or 0.1%, to $99.51 a barrel 0900 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 38 cents or 0.4% to $93.96 a barrel.
 "Oil prices set for weekly climb, uncertain demand outlook cap gains")
British economy contracts in last 3 months, stokes recession fears
The British economy contracted in the last three months, further stoking fears that a recession might be around the corner, new data revealed on Friday.
 "British economy contracts in last 3 months, stokes recession fears")
Japanese yen fell the most against a resurgent US dollar on Friday
The Japanese yen fell the most against a resurgent U.S. dollar on Friday, as a two-day rally in equities conceded to market expectations that the Fed will have to do a lot more to contain inflation.
 "Japanese yen fell the most against a resurgent US dollar on Friday")
As UK heads for recession, here's who could control finances in new govt
With the Bank of England predicting inflation topping 13% in the fall and a recession lasting through 2023, the next incumbent of 11 Downing Street will be under immediate pressure
 "As UK heads for recession, here's who could control finances in new govt")
Oil prices see-saw, settle on Russian pipeline constraints, recession fear
Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil demand
 "Oil prices see-saw, settle on Russian pipeline constraints, recession fear")
Goldman sees strong case for higher oil prices despite negative shocks
The market will remain in unsustainable deficits at current prices and balancing it will still require 'demand destruction on top of the ongoing economic slowdown', says the investment bank
 "Goldman sees strong case for higher oil prices despite negative shocks")
Job demand stays flat in July amidst fears of global recession: Report
The report further revealed that tier-II cities are now frontrunners in hiring with Coimbatore and Ahmedabad, indicating growing demand for talent across segments.
 "Job demand stays flat in July amidst fears of global recession: Report")
'Most vulnerable' emerging markets now face euro recession risk
Traders are more bearish on the Hungarian forint, Polish zloty and Czech koruna than any other developing-nation currency except for Russia's ruble and the Turkish lira
 "'Most vulnerable' emerging markets now face euro recession risk")
At 13.8% gains, India best-performing stock market since June lows
The benchmark Nifty50 Index has gained the most among major global markets, soaring 13.8 per cent since June 17, when it had dropped to its lowest levels in 13 months
 "At 13.8% gains, India best-performing stock market since June lows")
'Most vulnerable' emerging markets now face Euro recession risk
"Europe is far more vulnerable at this stage, so it's reasonable to assume that the central and eastern currencies will underperform, especially if euro-dollar falls," said Piotr Matys
 "'Most vulnerable' emerging markets now face Euro recession risk")
The case for rate hikes heading for contested territory as recession looms
A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast
 "The case for rate hikes heading for contested territory as recession looms")
Brent crude hits pre-Ukraine invasion lows on account of recession fears
Brent hit a low of $93.50, the lowest since Feb. 21 while US crude touched its lowest since Feb. 3 at $87.97
 "Brent crude hits pre-Ukraine invasion lows on account of recession fears")
Wall Street rises on tech, earnings boost as recession fears ease
US service sector unexpectedly picks up in July; PayPal rises after bumping annual profit outlook; Apple gains 3.5%, Microsoft adds 2.7%; Moderna jumps on $3 bn share buyback plan
 "Wall Street rises on tech, earnings boost as recession fears ease")
We've stayed away from high-flying, new-age loss-making cos: Aniruddha Naha
Naha says that fears of a recession are less of a concern for India than the developed markets and that domestic equities are likely to remain more insulated to global macro challenges.
 "We've stayed away from high-flying, new-age loss-making cos: Aniruddha Naha")
UK already in recession as cost of living crisis hits household incomes
The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded
