By Lewis Krauskopf NEW YORK (Reuters) -A recent rally that has boosted nearly every corner of the U.S. stock market has left energy shares behind, and bullish investors are betting upcoming earnings reports and rising geopolitical tensions could spark a rebound for the struggling group. The energy sector has slumped nearly 3% since late October, …
Red Sea tensions put focus on struggling U.S. energy stocks Read More »
(Reuters) – Moody’s on Friday revised Turkey’s outlook to positive from stable, citing the decisive change to the country’s monetary policy. Since President Tayyip Erdogan won re-election in May, authorities have abandoned the unorthodox low interest rate policy in favour of a sharp policy tightening. The ratings agency said the policy pivot now improves the …
Moody’s revises Turkey’s outlook to positive on decisive change in economic policy Read More »
CARACAS (Reuters) – Venezuela’s annual inflation rate settled at 189.8% last year, according to data from the central bank released on Friday, marking a slight easing of the still sky-high rate of rising consumer prices in the South American nation’s battered economy. The inflation rate during the previous year clocked in at 234%, one of …
Venezuela’s 2023 inflation hit nearly 190%, but December prices barely ticked up Read More »
By Michael S. Derby NEW YORK (Reuters) – While it never came to pass, some of the Federal Reserve’s most prominent officials said at the end of 2018 that they saw value in accelerating how often the U.S. central bank revised its forecasts for economic data and interest rates. According to transcripts from the Fed’s …
Fed debated in 2018 whether to accelerate updates of economic forecasts Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Fourth-quarter earnings for S&P 500 companies overall are expected to have increased 4.4% from a year earlier, LSEG data showed on Friday, just as results from four of the country’s biggest banks kicked off the latest U.S. earnings season. That increase is down from a 5.2% gain estimated …
Fourth-quarter US earnings seen up 4.4% as reporting period kicks off Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in December amid declining costs for goods such as diesel fuel and food, suggesting inflation would continue to subside and allow the Federal Reserve to start cutting interest rates this year. The report from the Labor Department on Friday, which also showed prices for …
US producer prices unexpectedly fall; goods deflation seen persisting Read More »
(Reuters) -The United States and Britain launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement’s attacks on ships in the Red Sea, a dramatic escalation of the Israel-Hamas war in Gaza. Oil climbed [MKTS/GLOB] and stock markets tensed on the news. Comments from investors and analysts: …
Market analysts react to US, British strikes against Houthis in Yemen Read More »
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Friday painted a cautious outlook for his country’s economy given risks stemming from geopolitical tensions and El Nino weather phenomenon. “While the future looks bright, dark clouds still gather on the horizon, unleashing headwinds that will temper, maybe even damage or trample on our optimistic outlook,” …
Philippines’ Marcos gives cautious economic outlook on El Nino, geopolitical risks Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan posted a second consecutive month of record current account surpluses in November, as the trade deficit narrowed while its service balance turned surplus due to increased inbound tourism after pandemic controls were lifted last year. The current account data may offer relief to policymakers concerned about the spectre of …
Japan current account logs record surplus for second month Read More »
By Mike Dolan LONDON (Reuters) – The China conundrum aside, a search for undervalued assets already seems to be tempting some investors back to emerging markets – but Western savers happily hunkered down at home may struggle to accept the case. In the slipstream of the global rate cut euphoria late last year, foreigners plowed …
Column-Emerging markets face ‘why bother?’ problem :Mike Dolan Read More »
