STOCK EXCHANGE: Wall Street cautious rise despite fears of recession

On Wall Street, the trading day opened on a cautious rise after the indices ended a slight decline yesterday.

Governor of the Fed Jerome Powell said in a speech to Congress yesterday that the central bank is strongly committed to lowering inflation. He also added that the recession feared on Wall Street is possible.

“The probability of a recession is higher than that we will not be in a recession,” comments the asset management company. Sol’s alternatives strategy manager Dan Greenhaus CNBC:lle.

UBS is the latest investment bank to raise the probability of a recession as high as 69 percent in its forecast.

The S&P 500 general index, which broadly describes the US stock market, was up 0.2 percent.

The technology-driven Nasdaq index was close to zero percentage points and the Dow Jones index was up 0.4 percent.

The U.S. released its first-quarter current account deficit of $ 291.4 billion in the afternoon. The forecasts expected a deficit of $ 275 billion, compared with a current account deficit of about $ 218 billion in the previous quarter.

In the United States, 229,000 applications for unemployment benefits were also published last week. 226,000 applications were expected in the forecasts. In the previous revision, there were 229,000.

In Europe, stock markets were declining.

By Editor