European stocks are seen opening on a positive note Wednesday despite mounting concerns about a possible U.S. recession.
As inflation hurts consumers and businesses, top U.S. banks have warned of recession and lower earnings in 2023. However, the depth and duration of the recession is unknown.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.