Stocks slugged by US recession risk, bonds bet on rapid rate cuts

Category: Finance

Asian share markets declined as fears of a potential U.S. recession increased, leading to a significant drop in Nasdaq and S&P 500 futures. Bond yields fell sharply, with analysts predicting interest rate cuts from the Federal Reserve. Goldman Sachs raised recession odds to 25%, while JPMorgan estimated a 50% chance. The dollar weakened against major currencies, and commodity prices fluctuated amid geopolitical concerns.

Keywords: U.S. recession, interest rates, bond yields

Source: Yahoo Finance

Update At: 8/5/2024

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