By Mike Dolan LONDON (Reuters) – Yet another eye-catching rebound in global stocks may just be another bear market bounce – but investors do sense the end of a dark road, even if there’s still some distance to go. The dominant theme of the past week has been how Britain’s bizarre fiscal splurge and reversal …
Column-Markets map out the end of the line :Mike Dolan Read More »
RABAT (Reuters) – The Moroccan government has prepared a draft budget envisaging economic growth at 4%, a fiscal deficit at 4.5% of GDP and inflation at 2%, Finance Minister Nadia Fettah Alaoui said on Tuesday. The economy is expected to slow to 0.8% growth this year following the worst drought in decades while inflation- mostly …
Morocco’s government targets 4% economic growth in 2023 Read More »
(Reuters) -Ratings agency Fitch on Tuesday said it expects a strong labor market and consumer demand to cushion the impact of a likely recession in the United States in 2023. The ratings agency said that consumer spending will drive a modest expansion in real GDP for the United States in the second half of 2022, …
Fitch says Fed rate policy, inflation to weigh on U.S. consumer health in 2023 Read More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with Walmart International President and CEO Judith McKenna about “doing everything possible” to lower inflation on food products. It comes weeks after Mexican officials announced a deal with more than a dozen food makers and retailers, including Walmart, to …
WASHINGTON (Reuters) – The U.S. labor market is still in the middle of adjusting to new wage and occupation trends that grew out of the pandemic as large firms raise wages and draw workers away from jobs that pay less, Atlanta Fed president Raphael Bostic said on Tuesday. Sketching out a problem that could linger …
Fed’s Bostic: U.S. needs to work through labor market “shuffle and churn” Read More »
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -The United States may tip into a recession next year, but it is possible that inflation can be tamed without causing too much economic pain, Goldman Sachs Chief Executive Officer David Solomon told Reuters. “There’s a reasonable chance of a recession in the U.S., but it’s …
Goldman CEO says reasonable chance of U.S. recession in 2023 Read More »
WARSAW (Reuters) – The Polish central bank does not have ample room to increase interest rates amid an expected economic slowdown, central banker Cezary Kochalski said on Tuesday. Poland’s inflation would remain high in coming months and the first quarter of 2023 but would not exceed 20%, Kochalski told TVN24 television in an interview. Poland …
Poland has no ample space to hike rates, central banker Kochalski says Read More »
By Nell Mackenzie LONDON (Reuters) – Veteran hedge fund manager John Taylor describes one of his favourite Gary Larson cartoons, where one vulture sitting on an animal carcass says to another as more descend: “good friends flying in from all over…this is the best of times”. There is, he says jokingly, a resemblance to the …
Turbulent markets jolt currency hedge funds from decade-long slumber Read More »
(This Oct. 17 story has been refiled to add a dropped word in paragraph 2.) By Marc Jones and Yoruk Bahceli LONDON (Reuters) – The sight of Britain’s new finance minister shredding up his leader’s economic policies on Monday illustrated something very clearly – bond market vigilantes are back, they are bold and governments had …
Bond vigilantes mean business, governments better beware Read More »
MOSCOW – Russian markets opened steady on Tuesday as month-end tax payments offered support to a rouble buffeted by ever-present investor jitters over the possibility of fresh Western sanctions against Moscow. The Russian rouble opened 0.4% down against the U.S. dollar, trading at 61.91 at 0730 GMT. Against the euro, the rouble climbed 0.4% to …
Russian rouble steady as exporters convert foreign currency Read More »
