Hints and tips:
...Futures contracts tied to the value of the Vix index — the so-called fear gauge that measures expectations of near-term swings in the S&P 500 — are pricing in a rise in market stress in the weeks before...
...Chris Williamson, chief business economist at S&P Global Market Intelligence, which publishes the PMI survey with the Chartered Institute of Procurement & Supply, said a renewed economic contraction “already...
...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....
...The S&P 500 is down 3.5 per cent since June 30 and is on course for its first quarterly loss in a year. Here’s the outlook for today’s trading....
...Paul Dales, at Capital Economics said the data “suggests that [the BoE’s] interest rate rise to 5 per cent won’t be the last”....
...The S&P 500 finished flat, as did the tech-heavy Nasdaq Composite, which is up 15 per cent this year....
...Dale Folwell has called for the chief executive to be sacked but has declined to pull his state’s money out of BlackRock, citing its attractive low fees. Robert ArmstrongChef’s kiss. That is perfect....
...Dale argues this means there’s nothing wrong with the Vix: It’s not broken....
...The top-ranked contender so far this year is: “CSI names FIS veteran Linda Fischer COO, appoints new CRO, CPO and SVPs”. But competition is tough, especially since the rise of crypto....
...As Lex notes, Tapestry’s dealmaking record isn’t great and analysts at S&P cut the company’s outlook to negative on the deal....
...Most large consumer packaged goods groups, including P&G, are still operating on tighter margins than they were before the pandemic....
...Also released on Thursday, the S&P/Cips global purchasing managers’ index showed that the UK manufacturing sector contracted for the fourth month in a row in November....
...The S&P 500 and Nasdaq Composite both finished at their highest levels since August 2022. Read more on the possible compromise. 3....
...“Even if you added in the 18 per cent returns accrued from the dividends you would have earned, you would still have lagged 30 per cent behind investors in the S&P 500,” Harnett said....
...Paul Dales: 2024 will be another year of stagnation for the UK economy with GDP growth of around 0.0 per cent....
...The S&P/Cips global flash UK composite purchasing managers’ index, a measure of private sector activity, dropped to 50.9 in August from 52.1 last month....
...On Friday, North Carolina treasurer Dale Folwell called for founder Larry Fink to resign or be removed as chief executive of the $8tn asset manager....
...Chris Williamson, chief business economist at S&P Global Market Intelligence, said: “UK economic growth slowed to a crawl in July.”...
...“It went from feast to famine, from everybody buying to turtle slow,” said Linda McCoy, board president of the National Association of Mortgage Brokers....
...Linda Thomas-Greenfield, US ambassador to the UN, said in a tweet that “the evidence on the ground is that Russia is moving towards an imminent invasion”....
...Linda Ellett, head of consumer markets at KPMG UK, said people were “being forced to take steps to balance their budget, with eating out, clothing, takeaways, and the weekly shop the main targets for spending...
...Paul Dales: Yes....
...And yet, at the same time, more than 175 stocks in the blue-chip S&P 500 benchmark are down over the past six months....
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