S&P 500 Futures, yields remain pressured as recession fears accelerate ahead of ECB – by anilpanchal7 SP500 Futures YieldCurve ECB Recession
. Also exerting downside pressure on the risk appetite are the fears of economic slowdown and central banks’ aggression, due to firmer inflation.
It’s worth noting that Wall Street benchmarks managed to post another positive day, despite retreating before the close on negative news concerning the US jobs from top-tier firms including Google and Ford. On Wednesday, lowered its growth forecasts for Germany to 1.2% for 2002 and 0.8% for 2023. In its previous forecast, the IMF was expecting the German economy to grow by 2% in both years.
Elsewhere, the record inflation from the UK, a firmer CPI from Canada and Italy’s political crisis were also weighing on the market sentiment. Additionally, covid fears from China and a blackout period for the Fed appear a burden on the market players. It should be noted that the latest Reuters poll hints at 0.
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