---
title: "Global stocks are surging amid expectations that the US will avoid a recession."
publisher: "Share Talk"
author: "sharetalk"
published: "2024-08-15T14:36:16+00:00"
modified: "2024-08-15T14:36:16+00:00"
date: 2024-08-15
canonical: "https://www.share-talk.com/global-stocks-are-surging-amid-expectations-that-the-us-will-avoid-a-recession/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Dow Jones", "Nasdaq 100", "New York", "premarket trading", "S&P 500", "Stock Markets", "USA", "Wall Street"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/08/USA-16_10_23-750x406-1.webp?fit=750%2C406&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Global stocks are surging amid expectations that the US will avoid a recession.

**Published:** August 15, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Dow Jones, Nasdaq 100, New York, premarket trading, S&P 500, Stock Markets, USA, Wall Street
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/08/USA-16_10_23-750x406-1.webp?fit=750%2C406&quality=80&ssl=1)

---

Global stocks surged after US retail sales data suggested the world’s largest economy is not heading toward a recession.

The FTSE 100 jumped 1%, and Wall Street indexes gained up to 1.5% after figures indicated that American consumers are holding up well despite interest rates remaining at 23-year highs.

US retail sales rose by 1% in July to $709.7 billion (£553.2 billion), far exceeding economist estimates of 0.4% growth.

Bond yields moved higher as traders reduced bets on the Federal Reserve announcing a significant interest rate cut at its next meeting in September.

Money markets also show the chances of a rate cut by the Bank of England at its next meeting have dropped from 41% on Wednesday to 34%.

Billions were wiped off global markets in a massive sell-off last week amid fears of a US recession.

However, stocks have rebounded as separate data revealed a decline in the number of Americans applying for unemployment benefits last week.

The consultancy Capital Economics noted to clients: “Don’t bet against the American consumer.”

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