World stock exchanges continue to fall amid the threat of recession

On the world stock exchanges on Wednesday, risk aversion prevailed - the US, European and Asian stock exchanges ended trading in the negative. In the States S&P 500 lost 0.11%, NASDAQ - 0.03%, only Dow Jones (+0.27%) gained. The U.S. GDP statistics added pessimism: according to the final estimate, the U.S. GDP fell by 1.6%, which was at variance with the analysts' forecasts expecting it to reach 1.5%. In addition, yesterday Fed Chairman Jerome Powell again acknowledged the reality of the threat of a U.S. recession due to tight monetary policy. In Europe DAX (Germany) lost 1.73%, FTSE 100 (UK) - 0.15%, CAC 40 (France) - 0.90%. The news about the inflation decrease in Germany which was 0,3 percentage points lower than in the previous month and amounted to 7,6% y/y in June, couldn't restrain its fall - the fears of recession in the world economy were too high. As City's Fawad Razakzada pointed out, this is exactly where it's heading, and central banks have little room to do anything about it. Asia-Pacific indices were down 0.91% to 1.88%. Oil prices were down 2.1% in the evening.