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A look at the day ahead in European and global markets from Tom Westbrook: After three years, travellers are streaming into China by air, land and sea. Long lines snaked through checkpoints at the Hong Kong border. Ferries to Macau swelled with passengers. “Life is moving forward again!” the official newspaper of the Chinese Communist …

Marketmind: Goodbye to all that Read More »

By Deisy Buitrago CARACAS (Reuters) – Colombian President Gustavo Petro and his Venezuelan counterpart Nicolas Maduro discussed binational investment and trade at a meeting in Caracas on Saturday, the Colombian government said. The countries have renewed political ties since Petro took office in August 2022, reopening trade and promising to work together on issues including …

Colombia, Venezuela presidents discuss investment, trade Read More »

BEIJING (Reuters) – China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion …

China fx reserves rise $11 billion to $3.128 trillion in December Read More »

By Howard Schneider and Ann Saphir NEW ORLEANS/SAN FRANCISCO (Reuters) – A jump in the workforce and easing wage growth suggests the U.S. job market is starting to move the way the Federal Reserve has hoped it will, to bring the supply and demand for workers into better balance and help in its battle against …

U.S. jobs report breathes life into Fed’s ‘soft landing’ scenario Read More »

By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are starting 2023 at much cheaper levels after Wall Street’s biggest swoon in 14 years but the potential for a recession combined with higher interest rates means equities may not be priced low enough to lure investors. Since the S&P 500 reached an all-time high a …

Stock swoon resets valuations but recession risk, rates cloud outlook Read More »

(Reuters) – The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even as the labor market begins to soften, Kansas City Federal Reserve Bank President Esther George said on Friday. “How much additional tightening will be needed to bring inflation back to 2 percent remains an essential …

Fed will face complicated choices as labor market softens: George Read More »

By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s move to smaller interest rate hike increments will help limit damage to the economy as the U.S. central bank works to bring high inflation down, Richmond Fed President Thomas Barkin said on Friday. “If you think supply chain improvements and our actions to date are enough to …

Fed’s more gradual rate hike path should limit economic harm, Barkin says Read More »

By Nell Mackenzie (Reuters) – The top 5% of the world’s hedge fund managers are set to take 80-90% of investor inflows in 2023, according to new research from Agecroft Partners which raises money for hedge funds. The data highlights the dominance of a small group that has squeezed the total pool of hedge funds …

Biggest hedge funds will keep lion’s share of customers in 2023, data shows Read More »

NAIROBI (Reuters) – Kenya’s private sector activity picked up for a second month in a row in December, helped by easing inflation, increased demand and favourable weather, a survey showed on Thursday. The S&P Global Kenya Purchasing Managers’ Index (PMI) jumped to 51.6 in December from 50.9 a month earlier. Readings above 50.0 signal growth …

Kenya private sector activity rises in December -PMI Read More »