Power Breakfast: Rebound In US Markets, The Decline In Commodities Continues, UBS - 69% Probability Of Recession

Amidst volatility, a rebound has been seen in the US markets. Dow closed at the day's high by climbing 200 points and due to recovery in the last hour, Dow closed 400 points above the lower level. Nasdaq has seen a jump of 1.6%. On the other hand, there has been an all-round decline in commodities. The fear of recession dominates the market. According to UBS, there is 69% chance of a recession.