Home / Market Update / Global Stock Market / Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious.

World stocks have edged higher so far this week, recovering from last week’s sharp selloff which saw global equities tumble to their lowest since November 2020 as expectations for central bank policy tightening to combat high inflation prompted investors to ditch risky assets.

Check Also

Bitcoin Edges Lower as Trump Tariffs Stoke Recession Fears; Markets Await U.S. Payroll Data

Bitcoin prices slipped slightly on Friday amid a broad risk-off move across global markets after …