The recovery in the markets was short-lived amid growing recession concerns.
After the Fed decisions, the stock markets and bonds gained value; however, this was not a long-term recovery due to the concerns of the slowdown in the economy.
Wall Street indexes ended negative on Thursday. The S&P 500 fell 3.25 percent, and the Nasdaq 100 fell 4.02 percent. It is seen that indices are trying to recover on the new trading day. U.S. indices are rising close to 1% in futures. Asian indices, on the other hand, have a mixed outlook. Japan’s Nikkei fell by 225, while Hong Kong Hang Seng and Chinese CSI were up 300. The U.S. 10-year yield is up close to 5.24 percent this morning after falling nine basis points on Thursday.
Closing the day with a 0.77 percent decline on Thursday, the Bloomberg Dollar Index increased by 0.42 percent and reached 1.256.
