Hints and tips:
...“These data will support the hawks” at the ECB, said Tomasz Wieladek, an economist at investor T Rowe Price....
...It has been an adviser on many of 2024’s megamergers, including BlackRock’s $12.5bn acquisition of the infrastructure investor Global Infrastructure Partners....
...US stocks finished higher on Tuesday, with Wall Street’s S&P 500 climbing 1.1 per cent to a record-high close and the technology-heavy Nasdaq Composite gaining 1.5 per cent....
...Look at the chart below, showing forward price/earnings ratios for the S&P 500 over the past two decades....
...On Thursday, the S&P 500 reversed a boosterish 0.8 per cent morning gain to close 1.2 per cent lower — its worst day in eight weeks....
...Looking across the water to the United States, 2023’s nominal drawdown is pretty impressive in a 230-year context. But something even nastier happened to risk-averse bondholders in 1842....
...Gareth Williams, the head of corporate credit research at S&P Global Ratings, emailed to say we were wrong....
...Exuding magnetic stage presence and charisma, her voice soared majestically through the infectious and rousing rhythms of 2010’s “Kelele”, complete with playful pizzicato strings courtesy of the Chineke!...
...one occasion he went to the Ritz hotel in London and discovered Galliano was “in the lift, with no clothes on, for four hours, and he was telling everyone he was a lion . . . growling at people . . . so Sidney...
...Moreover, once it reaches 25 per cent free float, Shein (as a foreign company) would qualify for FTSE index membership whereas it wouldn’t likely make it into the S&P 500....
...All 14 food stocks in the S&P 500 have underperformed the broader index by at least 8 percentage points....
...You’re better off going to the revitalised M&S and getting a pair for £25. Did I just say that? However, despite the renaissance at M&S, its own branded shirts are still terrible....
...Despite the shifting expectations markets remain unruffled, with the S&P 500 hitting a fresh high earlier this month....
...None of that necessarily violates the view that inflation is on course to get sustainably into the 2’s, but the lack of clarity gives the Fed’s hawks a reason not to rush. Which volatility is right?...
...By contrast, a survey from KPMG, S&P and the Recruitment & Employment Confederation points to the softest starting salary inflation in two and a half years....
...Becoming the first black male to win Best Actor for 1963’s Lilies of the Field, the victor was overcome by the sheer import of the moment: “I won! I won!”...
...long to make public transport more affordable and encourage train journeys over driving cars Tuesday 30th anniversary of the death of 18 US soldiers and a UN Malaysian soldier in Somalia when two Black Hawk...
...As expected, Iran hawks in the US are already criticising the Biden administration for agreeing to unfreeze the $6bn....
...Michael S Norwich New York, NY, US...
...Typo watch A hawk-eyed reader caught a typo in our Friday interview with JPMorgan Asset Management’s Bob Michele....
...“Continued fast price increases, a still-resilient labour market and signs the economy is weathering interest rate hikes well so far, will bolster ECB hawks’ calls for the bank to continue on its steep tightening...
...And it’s like, wait, what, the hawks are saying this now?...
...The S&P 500 bottomed on June 16, and has risen gently as federal funds rate expectations have fallen ever since....
...And then all those outlier hawks have been shot out of the sky and everybody moved down to the 4 per cent range, right? So there was, like, this big change in the outlook....
...So far, though, our luck has held: the S&P 500 rose a meagre 0.9 per cent yesterday. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
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