By Lewis Krauskopf NEW YORK (Reuters) – Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains. The S&P 500 is up over 4% in December alone and has risen 24% this year, bringing it within 1% of a new all-time high. The …
Wall Street awaits ‘Santa Rally’ with US stocks near records Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3%, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March. The report from the Commerce Department on Friday also showed underlying …
By Ann Saphir SAN FRANCISCO (Reuters) – The annual rotation on the U.S. Federal Reserve’s interest-rate-setting committee means its 2024 voting members lean slightly more hawkish than the outgoing group from 2023 – but that won’t budge the outlook for a pivot to interest-rate cuts next year. In fact, plenty of analysts make the opposite …
Fed rate cuts firmly in view for 2024, even as rate-setters shift Read More »
By Ann Saphir (Reuters) -Federal Reserve policymakers are set to start the new year with fresh evidence that their 2022-2023 interest-rate hike campaign put U.S. price pressures firmly in retreat, with data on Friday showing that by some key measures inflation is now at or below their 2% goal. Traders broke out the champagne after …
Fed rate cut euphoria rides wave of retreating inflation Read More »
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – A blistering rally in stocks and elevated bond yields are pressuring global hedge funds to boost returns as they fight to staunch investor outflows, industry insiders told Reuters. Investors have pulled about a net $75 billion from hedge funds so far in …
Hedge funds seek double-digit returns in 2024 after year of outflows Read More »
A look at the day ahead in European and global markets from Tom Westbrook Before they head off for the Christmas and year-end break, markets will get one last glimpse of the U.S. inflation picture with Friday’s Personal Consumption Expenditure index data. A low number could validate what’s been an astonishing bond market rally over …
Marketmind- Disinflation: The gift that keeps on giving Read More »
TOKYO (Reuters) – Japan’s industrial output in November likely swung back to contraction for the first time in three months, a Reuters poll of analysts showed on Friday, dented by sluggish demand and slowdown in overseas economy. Industrial production was projected to shrink 1.6% in November from the previous month, according to a median estimate …
Japan Nov industrial output seen swinging back to contraction: Reuters poll Read More »
By Lucinda Elliott and Jorge Otaola BUENOS AIRES (Reuters) -Argentine sovereign debt rose on Thursday and stocks dipped after early gains, as financial markets cautiously welcomed a presidential decree ending limits on exports and taking other steps to deregulate the ailing economy. Attention has now turned to congress, which has power to strike down the …
Argentina presidential decree unveiled, investors keep ‘close eye’ on congress Read More »
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine libertarian President Javier Milei on Wednesday signed a decree outlining economic reforms including an end to limits on exports plus measures to loosen regulations, as his new government combats a severe economic crisis. “This is only the first step,” Milei said in a televised address. “The objective …
Argentina’s Milei signs decree to boost exports, deregulation Read More »
(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of hiring, sending its stock down 6%. Shares of the Rochester, New York-based company fell to $120 in early trading. The number of Americans filing new …
Paychex’s quarterly revenue growth slows on weak client spending Read More »
