Tag: recession
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Oil prices inch higher with U.S. inflation, EU recession in focus
[ad_1] Investing.com– Oil prices rose slightly in Asian trade on Tuesday, extending gains after a report from the Organization of Petroleum Exporting Countries helped ease some concerns over slowing demand. Crude prices also took mild support from the U.S. buying 1.2 million barrels of crude to refill the Strategic Petroleum Reserve, while reports of a…
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Gold prices steady amid Fed uncertainty, Europe recession fears
[ad_1] Investing.com– Gold prices moved little on Wednesday, retaining most recent gains as fears of a recession in the euro zone, following a string of weak economic readings, kept safe haven demand supported. Any major gains in gold were largely stymied by persistent fears of higher U.S. interest rates, especially as data released on Tuesday…
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The recession promised by the voices of doom is not guaranteed, says Geoff Ho | Express Comment | Comment
[ad_1] Britain suffered a sharper-than-expected economic contraction in July and while this is not great news, the recession promised by the voices of doom is not guaranteed. GDP or gross domestic product dropped by 0.5 percent in July, versus market expectations of a 0.2 percent fall, basically due to the awful weather and strikes. As…
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Recession warning: US economic downturn ‘more likely than not’ if interest rates rise | Personal Finance | Finance
[ad_1] Experts are warning that a “recession remains more likely than not” despite inflation improving on both sides of the Atlantic. A recession is considered to have happened when a country experiences two-quarters of negative economic growth. So far, both the US and UK have avoided this situation but other G7 economies have not been…
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Recession warning: Economic downturn likely in 2024 amid rising interest rates | Personal Finance | Finance
[ad_1] Experts are warning a recession in 2023 is on the horizon as the UK services sector took a hit in August. Economies across both sides of the Atlantic have attempted to address the impact of rising inflation by hiking interest rates; a decision taken by both the Bank of England and Federal Reserve. However,…
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Recession warning as US economy ‘guaranteed’ to face downturn, claims Jeremy Grantham | Personal Finance | Finance
[ad_1] One of the world’s most well-regarded investors has asserted the US is “guaranteed” to be hit with a recession in 2024. Jeremy Grantham, the co-founder of investment giant Grantham Mayo Van Otterlloo (GMO), asserts an economic downturn is more likely to take place despite many investors and financial organizations suggesting otherwise. Citing the Federal…
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US Mega-Cap Tech Build on Gains; Singapore Avoids Technical Recession
[ad_1] Discover what kind of forex trader you are Following a downside surprise in the recent US consumer price index (CPI) data, the release of US June producer prices overnight further reinforces the narrative of abating inflation risks, paving the way for Wall Street to add to recent gains (DJIA +0.13%; S&P 500 +0.61%; Nasdaq…
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Upside Economic Surprises in US Calm Recession Nerves
[ad_1] Overnight, market participants seem to take comfort from a series of stronger-than-expected economic data out of the US, with economic resilience being the takeaway and calmed some nerves for an impending recession. A pull-ahead in US durable goods (1.7% versus -1% expected), rebounding consumer confidence (109.7 versus 104 expected) and surging new home sales…
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‘Stop panicking!’ BoE urged to calm down on interest rate hikes or trigger recession | Personal Finance | Finance
[ad_1] They insist the BoE’s monetary policy committee (MPC) must take a breather and give existing rate hikes time to work, rather than piling more pain on hard-pressed borrowers. Markets fear that last week’s shock base rate hike to five percent is unlikely to be the last. Analysts at NatWest forecast that rates will hit…
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Oil down 4% on week as recession fears suppress summer demand
[ad_1] Investing.com — At the risk of reiterating, the message to the Saudis and the rest of OPEC+ is the same: you need more patience with oil prices. Crude markets were headed for a weekly loss of 4% or more after sliding for a fourth time in five days as recession fears heightened by aggressive…