Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff. Japanese yen fell against the US dollar to its lowest level since October 1998. Wall Street climbed as participants returned from a long weekend, with investors buying up shares of megacap growth and energy companies hit last week by global economic worries. All eyes are now on Fed Chair Jerome Powell’s testimony to the Senate Banking Committee on Wednesday for clues on rates. Goldman Sachs has said it now thinks there is a 30% chance of a recession over the next year, up from its previous forecast of 15%. Bitcoin BTC=BTSP last rose 1.56% to $20,876.57. . . .
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