By Noel Randewich and Lewis Krauskopf (Reuters) – The bull market is back. Or rather, it’s been with us for a while. The S&P 500’s record high close on Friday confirms the index has been in a bull market since it bottomed on Oct. 12, 2022, by one measure. The index has gained 35% since …
Graphic: Fed hopes, AI fever fuel S&P 500’s bull market Read More »
By Paritosh Bansal (Reuters) – Some Wall Street executives feel a tantrum coming in U.S. short-term financing markets, perhaps as soon as March. It could put pressure on the Federal Reserve to ease policy. A series of events are expected between March and May, some of which will reduce the amount of cash in the …
In the Market: Repo market may throw a fit, spur Fed to action Read More »
By Yoruk Bahceli and Stefano Rebaudo (Reuters) – The European Central Bank (ECB) meets on Thursday as policymakers, not quite ready to declare victory in the inflation battle, struggle to sway trader bets on swift rate cuts. Markets are banking on a first cut in April, but the ECB wants to see more evidence of …
A look at the day ahead in European and global markets from Wayne Cole. While Chinese shares were again starved of stimulus, Japanese stocks need no such help, hitting a fresh 34-year peak on Monday for the seventh time so far this year and bringing the Nikkei’s gains for January to almost 9%. Analysts at …
Marketmind: Juiced-up Nikkei counts on BOJ staying relaxed Read More »
(Reuters) – The U.S economy should avoid a recession in the coming year, according to an increasingly large majority of economists polled by the National Association of Business Economics. Some 91% of respondents to the latest NABE survey, published on Monday, assigned a probability of 50% or less to the U.S. entering a recession over …
Economists increasingly sure US will avoid recession -NABE survey Read More »
ISTANBUL (Reuters) -Ship traffic in Turkey’s Bosphorus Strait is set to resume for northbound vessels as of 1700 GMT on Sunday, after a suspension due to an anchor failure on one ship, the Tribeca shipping agency said. According to a report shared by the agency, the Liberia-flagged tanker Peria’s anchor self-released due to bad weather …
Ship traffic to resume in Turkey’s Bosphorus Strait after suspension Read More »
RIYADH (Reuters) – Dubai’s gross domestic product grew 3.3% between January and September 2023, according to data released by state news agency WAM on Sunday. Over those nine months, accommodation and food services grew 11.1%, while transportation and storage services rose by 10.9%, and the information and communications sector grew by 4.4%. The city state, …
Dubai’s GDP grew by 3.3% in first nine months of 2023 Read More »
By David Randall NEW YORK (Reuters) – Falling inflation and expectations of an economic soft landing are buoying hopes for U.S. real estate stocks in 2024, even as the sector continues to lag the broader market. Real estate investment trusts (REITs) were among the worst performing sectors over the last year, with share prices weighed …
Maligned US real estate sector draws buyers eyeing rate cuts Read More »
By Ann Saphir (Reuters) -The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market confidence in the idea of an earlier start to interest-rate cuts. On Friday, a widely watched measure of consumer sentiment …
Fed won’t start rate cuts until May, traders now bet Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment improved in January, hitting the highest level in 2-1/2 years amid growing optimism over the outlook for inflation and household incomes, which bodes well for the economy’s prospects this year. The better-than-expected reading in sentiment reported by the University of Michigan on Friday reflected a brightening …
US consumer sentiment races to 2-1/2-year high; inflation expectations ease Read More »
