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...Stephanie Stacey...
...Some analysts have warned markets may nevertheless be underestimating the potential for an escalation that causes a disruption of supplies through the Strait of Hormuz....
...It warned, however, that interest rates may stay higher for longer than expected amid stubborn inflation — particularly price rises caused by geopolitical tensions....
...“Things may be fine now but we would see this as a false dawn.”...
...London’s FTSE 100, which has lagged behind its peers in Europe this year, rose to the highest level since May 2023....
...Board chair Larry Kellner will leave in May....
...Readers may notice some recurring themes....
...Pictet Asset Management has bought more commodities in recent months in expectation that improved demand may spark price rises, while offering a buffer to stubborn consumer price growth....
...However, disappointments in industrial output and retail sales suggested the recovery may not yet be on solid ground....
...Any further signals of sticky inflation may prompt traders to push back their bets on interest rate cuts, potentially undermining the recent Wall Street rally....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...On the other side of the Atlantic, a slowdown in the US services sector boosted hopes that inflation may be easing in the world’s largest economy....
...Stephanie Pope was still in her first week as Boeing’s first-ever chief operating officer when a frightening accident on a 737 Max thrust the company into a new crisis and put the manufacturing and supply...
...Bets on US chipmaker Intel may have proven less successful....
...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....
...However, there are tentative early signs that economic activity may be picking up, say some strategists....
...The data, which signals the labour market may be cooling, comes ahead of Friday’s non-farms payroll report, considered the benchmark index for the US employment market....
...A sell-off in global bond markets combined with a rally in stocks this year shows that investors’ all-consuming obsession with the path of inflation and interest rates may finally be ending, say analysts...
...“The market is starting to price in the possibility that Opec may no longer remain cohesive and does not implement these cuts,” said Martijn Rats, chief commodities strategist at Morgan Stanley....
...Boeing created the chief operating officer position in December and named Stephanie Pope, head of its services business, to fill the role from January 1....
...The new inflation data from the Bureau of Labor Statistics is forecast to show a slowdown in price rises, raising expectations that interest rates may have peaked....
...Matthew Landon, global market strategist at JPMorgan Private Bank, warned the data would almost certainly delay a policy pivot from the BoE: “Markets may be too enthusiastic about how many cuts the [BoE]...
...Markets have raised the probability of an interest-rate cut by May to 63 per cent, up from 34 per cent, according to CME Group....
...Rhysida became known to authorities in May, according to US intelligence services....
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