Global stocks higher on hopes for avoiding recession

FILE - A person watches an electronic stock board showing Japan's Nikkei 225 index at a securities firm on Jan. 24, 2023, in Tokyo. Asian stock markets were mixed Thursday, Jan. 26, 2023 amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation. –

Investors are optimistic the United States and European economies can evade a recession despite warnings by the Federal Reserve and other central bank officials that interest rates will be kept elevated for an extended period to cool economic activity and inflation. On Wall Street, the future for the benchmark S&P 500 index was 0.4% higher. That for the Dow Jones Industrial Average was up 0.2%.

Manila's main index lost 0.3% after the Philippine economy grew by 7.2% over a year earlier in the final three months of 2022.On Wall Street, the S&P 500 index lost less than 0.1% on Wednesday after rebounding from a morning loss of 1.7%.Analysts are forecasting S&P 500 companies will report their first drop in quarterly earnings per share since 2020 at the start of the coronavirus pandemic.helped to lead the way lower after forecasting lower earnings than expected. It fell 4.

CNN affiliate trying to find positive news in the disastrous Brandon/Biden administration. Look at the sheep in masks.

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