Stocks rise as investors turn to earnings to allay recessionary fears

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Last Updated on July 25, 2022 by Bitfinsider

Prior to the Federal Reserve‘s two-day policy meeting, investors were hoping that a slew of company profits this week would improve confidence and counteract additional indications of an economic slowdown. As a result, stocks reversed early losses to climb on Monday.

In general, financial markets started the week calmly, with the dollar dropping but holding above a 2-1/2 week low and government bond yields edging upward.

As Europe’s largest economy is pushed toward a recession by high energy prices and impending gas shortages, a well watched survey revealed that business mood in Germany declined more than predicted in July.

Although the U.S. economy’s growth was slowing, according to U.S. Treasury Secretary Janet Yellen, a recession was not inescapable. But data points to the likelihood of a decline.

Another survey released on Friday indicated that despite consistently high inflation and swiftly rising rates, U.S. business activity shrank for the first time in nearly two years.

Nevertheless, investors are hopeful the most recent quarterly statistics will show profitability is holding up despite the dimming economic picture amid a busy week for corporate earnings with Big Tech giants including Apple (AAPL.O) and Microsoft (MSFT.O) and European banks reporting.

The gains on Monday come after a recent bounce in which investors re-entered markets that had fallen precipitously in 2022 because to worries about future interest rate hikes by the central bank, greater inflation, and worse economic growth.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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