In this article, we discuss 10 European stocks to sell before the recession starts. If you want to skip our discussion on the economic situation in Europe, go directly to 5 European Stocks to Sell Before Recession Starts. According to the chief economist of Nomura Holdings, a majority of the world’s top economies will enter […]
British markets braced on Wednesday for more political drama, as Prime Minister Boris Johnson was rocked by further ministerial resignations and calls for him to go, although traders were reluctant to take new positions given the uncertainty. There was no let up on Wednesday with more resignations pilling on the pressure.
(Reuters) -European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is "strongly committed" to bringing down inflation. Wall Street erased losses to turn positive after the remarks at a hearing before the U.S. Senate Banking Committee, while the pan-European STOXX 600 closed down 0.7%, after having fallen 1.8% to its lowest since January 2021. Equity markets took a beating last week as recession fears heightened after the Fed raised its key interest rate by three-quarters of a percentage point, and signalled more.