Key events in developed markets next week
US: We are looking for a 0.3% MoM increase in the core inflation rate Strong jobs and growth data have diminished the chances of a March Federal Reserve interest rate cut significantly – and even May...
View ArticleS&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG
With results in from about two-thirds of companies, fourth-quarter 2023 S&P 500 .SPX earnings growth is now seen at 9.0%, almost double a Jan. 1 forecast for 4.7% growth, according to LSEG data on...
View ArticleDollar eases as market shrugs off inflation revision data
The dollar eased on Friday as it headed for a fourth week of gains while traders reduced their bets on how quickly the Bank of Japan might raise interest rates and how soon the Federal Reserve will cut...
View ArticleGlobal equities notch third weekly gain; US yields up
Global equities rose on Friday, with the S&P 500 crossing the 5,000-point milestone for the first timeever, as U.S. inflation data raised expectations of an interest rate cut this year, while...
View ArticleAsian FX subdued with focus on Indonesia polls, Philippine policy
Emerging Asian currencies and equities were muted on Monday, with the Lunar New Year holiday keeping volumes light while investor focus was on elections in Indonesia and the Philippines central bank’s...
View ArticleIs China now an ‘alternative’ investment?
An engine of world growth for 20 years, the largest consumer of commodities and world’s number two economy has somehow slipped into “alternative investment” buckets for many global investors. China’s...
View ArticleFX Daily: A week of disinflation tests
US: Waiting on the inflation catalyst The US dollar index has eased back modestly over the past week after trading at its 2024 highest. The repricing of rate expectations following the hot US payrolls...
View ArticleAs S&P 500 breaches 5,000, its valuation hits lofty levels as well
As the continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well. The S&P 500’s forward price-to-earnings ratio — a commonly...
View ArticleTake Five: Rain check on those rate-cut bets?
As China’s troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia’s central bank meeting and an election in the world’s third-largest democracy vie...
View ArticleMarket breadth suggests narrowing rally as S&P 500 hits records
As the S&P 500 has soared to fresh highs, fewer stocks have been participating in the rally, stirring worries that recent gains could reverse if the market’s leaders stumble. Strong market breadth,...
View ArticleFutures muted as caution looms ahead of data-packed week
U.S. stock index futures were subdued on Monday, following a strong close to the previous week, with focus on a slew of economic data points which could clear out some uncertainty on the outlook for...
View ArticleSTOCK MARKET SNAPSHOT FOR 13/02/2024
NASDAQ-Adv: 2,922 Dec: 1,303 NYSE-Adv: 2,647 Dec: 1,312 (Source: Nasdaq) U.S. stocks climbed on Monday, with the tech-laden Nasdaq inching close to its all-time high as investors geared up for two...
View ArticleDollar gains as markets await U.S. inflation data
The dollar edged higher against the euro and other major currencies on Monday as investors await data on U.S. inflation and retail sales this week for clues on when the Federal Reserve may begin widely...
View ArticleFX Daily: Lower US inflation can ignite real rate discussion
USD: CPI test in focus A decent start of the week for bonds and European equities has helped Scandinavian currencies outperform amid a generally quiet start to the week as data calendars in key...
View ArticleIndia narrows gap with China in key MSCI index with weight hitting new high
India has narrowed the gap with China in MSCI’s Global Standard index, which tracks emerging market stocks for investors, after the latest revision. Index provider MSCI raised India’s weightage in the...
View ArticleBullish investors drop recession calls for first time since April 2022
Global investors are at their most bullish in two years this month and no longer expect a recession, as confidence grows in the resilience of the underlying economy, a Bank of America survey showed on...
View ArticleImporters more active heading into key US data; rupee, forwards rangebound
The Indian rupee and forward premiums barely budged on Tuesday ahead of data that is expected to show continued disinflation in the United States and shape expectations on when the Federal Reserve will...
View ArticleSTOCK MARKET SNAPSHOT FOR 14/02/2024
NASDAQ-Adv: 2,835 Dec: 1,452 NYSE-Adv: 3,103 Dec: 0,902 (Source: Nasdaq) The U.S. federal budget deficit fell sharply in January to $22 billion as receipts hit a record for that month, partly because...
View ArticleFX Daily: Dollar set to hold gains through February
USD: Setting up another good month for the dollar US January CPI figures have made uncomfortable reading for the Federal Reserve. A core inflation reading of 0.4% month-on-month and nearly 4%...
View ArticleStocks extend slide as traders take an axe to rate bets
Global stocks fell on Wednesday, while the dollar and Treasury yields stayed strong, as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year. The latest...
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