United States

Growth this quarter helps reduce recession fears


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This week will see a heavy slate of top-tier data in the U.S. which should generally be supportive of a risk appetite recovery in domestic asset markets. After a rough start to the year, concerns about an imminent recession have faded as fundamental data points show roughly 2 percent growth in the current quarter, and indicate a pace slightly above that for the remainder of the year. In the European Union, the March round of flash Purchase Manager Indexes will be published this week, while in emerging markets investors will get rate decisions from the central banks of Mexico, Colombia, Russia, Brazil, Hungary and Turkey. The Federal Reserve will send four speakers out to address markets this week with the key events being St. Louis Fed President James Bullard’s Wednesday television appearance and a Thursday speech in New York City. The U.S. Treasury will issue a $13 billion two-year floating note reopening on Wednesday.

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