Page 12 - Latest Updates on Recession
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
 "UK already in recession as cost of living crisis hits household incomes")
Gold prices extend gain on global recession fears, Sino-US tensions
Spot gold was up 0.3% at $1,777.79 per ounce by 10:56 a.m. ET (1456 GMT). U.S. gold futures gained 0.6% to $1,795.90.
 "Gold prices extend gain on global recession fears, Sino-US tensions")
Gold steadies as lower US treasury yields counter uptick in dollar
Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.
 "Gold steadies as lower US treasury yields counter uptick in dollar")
Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more
Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal
 "Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more")
No question of recession or stagflation in India, says FM Sitharaman
FM says govt making efforts to bring inflation below 7%
 "No question of recession or stagflation in India, says FM Sitharaman")
Dollar struggles at 6-week lows vs yen as markets ramp up recession bets
By Saikat Chatterjee
 "Dollar struggles at 6-week lows vs yen as markets ramp up recession bets")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
What is a recession?
It looks like the equity markets have priced in the prospect of the US slipping into recession. But ever wondered what exactly recession is? Our next report tells
 "What is a recession?")
'Losing objectivity': Elon Musk slams Wikipedia over 'recession' page
After Wikipedia suspended the editing of the "recession" page, tech billionaire Elon Musk slammed co-founder Jimmy Wales and said the platform is "losing its objectivity".
 "'Losing objectivity': Elon Musk slams Wikipedia over 'recession' page")
World's biggest bond markets back in vogue as recession fears mount
By Dhara Ranasinghe
 "World's biggest bond markets back in vogue as recession fears mount")
 "Oil rally to stall as recession risks counter tight supplies, says poll")
