{"id":35813,"date":"2022-10-06T16:31:00","date_gmt":"2022-10-06T15:31:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=35813"},"modified":"2022-10-07T13:18:28","modified_gmt":"2022-10-07T12:18:28","slug":"market-wrap-recession-risks-rise","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-recession-risks-rise\/","title":{"rendered":"Market Wrap &#8211; Recession risks rise"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"35813\" class=\"elementor elementor-35813\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc80b1d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc80b1d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-187c5f0\" data-id=\"187c5f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39b311d elementor-widget elementor-widget-text-editor\" data-id=\"39b311d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Market was in a cautious mood this afternoon after US weekly initial jobless claims data came in higher than expected and the IMF sounded the alarm about a looming recession.<\/p><p>US weekly initial jobless claims 219<strong>,<\/strong>000 vs 203<strong>,<\/strong>000 expected<strong>. <\/strong>This is the highest since the final week of August and ends a two-month run of falling numbers.<\/p><p>The prior reading was 193,000 which was revised to 190,000 and the four-week average 206,000 against 207,000 priors. Continuing claims came out at 1361,000 vs 1345,000 expected.<\/p><p>In terms of market reaction, we saw the <a href=\"https:\/\/bit.ly\/3UagSV4\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> gaining strength and stock turning lower. <a href=\"http:\/\/bit.ly\/2ZsFzPL\" target=\"_blank\" rel=\"noopener\">Gold<\/a> started to pullback and so did Bitcoin as risk trades suffer.<\/p><p>Remarks from the IMF are also weighing on sentiment. The World Monetary Fund said that \u201ccountries accounting for one-third of global GDP expected to report at least 2 consecutive quarters of contraction this year or next\u201d.<\/p><p>The IMF minister also said that the fund \u201cExpects global output loss of $4 trillion by 2026\u201d and \u201cFiscal measures should be targeted, temporary. Policymakers must avoid indiscriminate response\u201d.<\/p><p>Additionally the \u201cProbability of portfolio outflows from emerging markets has risen to 40%\u201d. Such bearish comments do tend to spook financial markets. Especially on negative news days.<\/p><p>Reuters has also obtained provisional figures on German government economic forecasts, and they show: 1.4% GDP growth this year and -0.4% GDP next year.<\/p><p>The government also projects Inflation at 7.9% this year inflation at 8.0% in 2023. These are still pretty high numbers, but in truth they are likely to be even higher.<\/p><p>Neil Kashkari from the Fed was also out today and said that \u201cI hope we can bring inflation down without causing a recession\u201d and \u201cIf we get help from the supply side, I&#8217;m more optimistic in avoiding a recession\u201d.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Market was in a cautious mood this afternoon after US weekly initial jobless claims data came in higher than expected and the IMF sounded the alarm about a looming recession. US weekly initial jobless claims 219,000 vs 203,000 expected. This is the highest since the final week of August and ends a two-month run of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":35815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[28,560,101,626,67],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Recession risks rise - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-recession-risks-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Recession risks rise Market Wrap - Recession risks rise\" \/>\n<meta property=\"og:description\" content=\"Market was in a cautious mood this afternoon after US weekly initial jobless claims data came in higher than expected and the IMF sounded the alarm about a looming recession.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-recession-risks-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-06T15:31:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-07T12:18:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/10\/GettyImages-1129173988.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"513\" \/>\n\t<meta property=\"og:image:height\" content=\"305\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Recession risks rise Market Wrap - Recession risks rise\" \/>\n<meta name=\"twitter:description\" content=\"Market was in a cautious mood this afternoon after US weekly initial jobless claims data came in higher than expected and the IMF sounded the alarm about a looming recession.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-recession-risks-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-recession-risks-rise\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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