Wall Street set for bounceback but recession risk keeps investors cautious - Reuters

A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020.

NEW YORK, June 21 (Reuters) - Stocks on global indexes rose sharply on Tuesday, with Wall Street bouncing following its recent selloff, while the Japanese yen fell against the U.S.

Expectations of interest rate hikes from major central banks and worries about a global recession have kept investors on edge.

Central banks are expected to tighten policy to combat high inflation.

This makes it an outlier among other major central banks.

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