Global Markets Tumble Amid Recession Fears and Central Bank Surprises

India's central bank has held its repurchase rate at 6.5%, marking the first time since April 2022, when the Reserve Bank of India started its monetary tightening cycle. Meanwhile, analysts say major oil importers like India, Japan and South Korea will feel the most pain if prices hit $100 per barrel. The U.S. services sector slipped closer to contraction in March due to sharp declines in new orders, exports and prices. The U.S. trade deficit rose more than expected in February as exports posted a sharp decline, the Commerce Department reported Wednesday. Finally, David Dietze, managing principal at Peapack Private Wealth Management, says that investors should remain invested in the stock market.