Hints and tips:
Related Special Reports
...Stephanie Stacey What will the ECB say about interest rate cuts?...
...The index last rose by as much in a week in mid-December, and it has now climbed more than 27 per cent since a low in late October....
...The Federal Reserve’s favoured inflation gauge, core PCE, is expected to show on Thursday that prices rose 0.4 per cent month-on-month in January, up from 0.2 per cent in December....
...Traders have also welcomed the first signs of returning demand from China, whose economic performance has sputtered since it came out of its tough-line coronavirus policies in December 2022....
...Traders in swaps markets are now pricing in just three quarter-point rate cuts by December, half of what they were pricing at the end of 2023....
...The sector-specific Stoxx Real Estate index rose 2.4 per cent and was on track for its best daily gain since mid-December. France’s Cac 40 rose 0.7 per cent, while Germany’s Dax added 0.5 per cent....
...Boeing had shaken up its leadership twice in recent months, naming its first ever chief operating officer in December and then, in February, ousting the head of its 737 Max programme after a door panel blew...
...That is set to be the benchmark’s biggest weekly gain since December. The tech-heavy Nasdaq Composite slipped 0.1 per cent....
...The moves also came after fresh data showed German industrial orders jumped unexpectedly in December and Beijing authorities signalled further support for markets in China....
...Hedge funds have also been steadily increasing their net bets on rising prices since December, giving further support to the market, according to US Commodity Futures Trading Commission data....
...The S&P 500 closed 0.1 per cent lower on Friday, but its 2.3 per cent gain over the past five sessions marked its biggest weekly advance since mid-December and leaves it up about 27 per cent since a low...
...Economists expect the annual rate of US inflation to be 2.9 per cent in January, down from 3.4 per cent in December, in what would be the first reading below 3 per cent since March 2021....
...Economists expect the annual rate of inflation to have fallen to 2.9 per cent in January from 3.4 per cent in December....
...Stephanie Stacey...
...Emmanuel Cau, the bank’s head of European equity strategy, said luxury stocks had lagged behind the broad market rally of November and December....
...The Bureau of Labor Statistics’ JOLTS survey found that there were 9mn job openings on the last business day of December, an increase from an upwardly-revised 8.9mn in November....
...The moves came after German retail sales fell unexpectedly in December and import prices declined more than forecast....
...The Institute for Supply Management’s non-manufacturing purchasing managers’ index fell more than expected to 50.6 in December, the lowest reading since May....
...Yields on 10-year German Bunds — the benchmark for the eurozone — rose 0.06 percentage points to 2.35 per cent, their highest level since early December....
...In its annual recalculation of seasonal adjustments, the BLS revised consumer price inflation for December down 0.1 percentage point to 0.2 per cent, while the reading for November moved up 0.1 point, also...
...Government bonds rallied on both sides of the Atlantic after data showed US producer prices fell unexpectedly in December, leading traders to bring forward their bets on when central banks might start cutting...
...Wall Street’s benchmark S&P 500 is approaching its all-time high after US wholesale inflation declined unexpectedly in December, boosting hopes for interest rate cuts....
...Both indices declined on Wednesday after the Fed’s December minutes signalled a delay to rate-cut expectations....
...US stocks opened lower on Wednesday after fresh data showed retail sales rose more than expected in December, pointing to continued consumer resilience and denting hopes of early interest rate cuts....
International Edition