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Global Markets Tumble Amid Recession Fears and Central Bank Uncertainty

1 min read
Source: Reuters
Global Markets Tumble Amid Recession Fears and Central Bank Uncertainty
Photo: Reuters
TL;DR

Asian stocks are on track for their worst week in a month-and-a-half due to recession fears as US data and earnings show signs of weakness. US Treasuries have rallied, with two-year yields falling as investors turn to safety and bet the US hiking cycle is over. The Japanese market is an outlier, with the Nikkei touching an eight-month high and on track for a second consecutive weekly gain. The US dollar has also been weighed down as traders bet on 50 bps in US rate cuts this year.

Topics:top-newsfinance#asian-stocks#finance#japanese-market#recession-fears#us-economy#us-treasuries
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  1. Recession fears set stocks on course for weekly drop  Reuters
  2. Asia Stocks Follow US Losses as Sentiment Worsens: Markets Wrap  Yahoo Finance
  3. Hang Seng Index, ASX200, Nikkei 225: Caution Hits the Markets  FX Empire
  4. Morning Bid: Cautious markets focus on central banks' diverging paths  Reuters
  5. Recession fears leave stocks drifting toward weekly loss  Yahoo Finance

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