A look at the day ahead in European and global markets from Wayne Cole. It’s been a typically cautious start to the week in Asia, made all the more muted by a holiday in Japan, with Chinese stocks again dragging on regional markets. A drop in Chinese 10-year bond yields to four-year lows says a …
Marketmind: Risk appetites sour, with inflation on the menu Read More »
By John Kemp LONDON (Reuters) -U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of 2022 as the pandemic-driven surge in merchandise buying subsided and consumers reverted to spending on services. Merchandise inventories have begun to normalise but companies making expensive business equipment and consumer durables are being …
Global manufacturers struggle to regain momentum: Kemp Read More »
BUENOS AIRES (Reuters) – Argentina’s Economy Minister Luis Caputo discussed with representatives of banks the country’s economic program, including liability management, but no official debt swap proposals have been made, a ministry source told Reuters on Friday. A second banking source with knowledge of the Thursday evening meeting said the government spoke “of its intention” …
Argentina government talks peso debt risk with banks as repayments loom Read More »
SAO PAULO (Reuters) -The Brazilian government expects to reach a 4.5% lower trade surplus this year from 2023, totaling some $94.4 billion and likely backed by imports growth, a new government estimate showed on Friday. Last year, the South American country’s trade surplus – when the value of exports exceeds the value of imports – …
Brazil sees narrower trade surplus in 2024 after last year’s record Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. There were, however, some cracks in the closely watched employment report from the Labor Department …
US economy cranks out jobs at brisk clip in December; wages increase Read More »
By Michael S. Derby NEW YORK (Reuters) – Supply chain pressures cooled down last month, the Federal Reserve Bank of New York said on Friday, but it’s possible the benign reading may be the calm before some turbulence arrives. The bank’s Global Supply Chain Pressure index moved to a reading of -0.15 in December from …
NY Fed says global supply chain pressures eased in December Read More »
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp warned on Thursday it would write down about $2.5 billion of California assets in the fourth quarter, and said lower energy prices reduced operating profits. The snapshot by the largest U.S. oil producer showed operating results could drop to about $8.9 billion, down 30% from the $12.7 …
Exxon earnings to drop on California offshore exit, weaker prices Read More »
By Mike Dolan LONDON (Reuters) – For all the valuation and diversification arguments routinely touted, bitter and sweet experience tells U.S. investors to stay at home. A decade of underperformance of global equity portfolios against plain vanilla domestic U.S. megacap and blue chips stock indexes leaves a heavy burden of proof to convince already-wary U.S. …
Column-Relentless outperformance and inertia feed US home bias: Mike Dolan Read More »
By Harry Robertson LONDON (Reuters) – A 150 billion euro ($165 billion) deluge of government bond sales in January is fueling unease in euro area bond markets, a foretaste of a potentially record amount of public debt that markets will have to absorb this year. Bond yields, which move inversely to prices, have started 2024 …
Analysis-Wave of debt sales adds to January nerves in euro zone bond markets Read More »
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland The story of 2024 thus far has been an aggressive repricing of dovish Federal Reserve bets. The effect on markets has been a slide in global equities and a bounce in the dollar, setting up the former for …
Marketmind: Stocks’ win streak falls prey to rethink on Fed Read More »
