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...Being a majority Muslim country, Indonesia’s drinking culture isn’t rife, but people don’t need alcohol to have fun; they’re still out....
...The declines are “partly because last week’s fears of an escalation in the Middle East didn’t materialise over the weekend”, said Henry Allen, a strategist at Deutsche Bank....
...That might be true, but it wasn’t exactly a collective effort....
...Stephanie Stacey What will the ECB say about interest rate cuts?...
...When Stephanie Cohen joined Goldman Sachs right out of college 25 years ago, even her fellow analysts could tell the fast-talking Chicago native was going to go far....
...The data signalled that “the economy isn’t showing any signs of slowing down and consumer spending should be able to hold up in the near term”, said Chris Zaccarelli, chief investment officer for Independent...
...Luca Paolini, chief strategist at Pictet Asset Management, said: “If you think about the fall in inflation, the fall in gas prices, and the fact that you still have a lot of excess savings, which you don’t...
...Equity markets “don’t seem bothered” by the unexpectedly hot inflation figures, said Barclays strategist Emmanuel Cau....
...“Their first rule is ‘don’t create a recession’ and the best way of starting a recession is tipping equities into a bear market,” he added....
...But the Boeing CEO can’t go to Seattle and fix that, he also has a huge defence business to think about,” said O’Leary....
...Equity markets “don’t seem bothered” by unexpectedly hot inflation data that triggered a sell-off in bonds over the past week, said Barclays strategist Emmanuel Cau....
...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...
...“They’re probably going to shrink in the short-term but they aren’t going to fall off a cliff.” Stephanie Stacey...
...Stephanie Kelton: I think a substantial factor is the pandemic....
...The market couldn’t avoid the assumption that the US economy is going to be stronger for longer.”...
...“We don’t expect it to go down but it could go up significantly,” he said....
...We won’t know until he’s gone.”...
...While such factors “haven’t helped concerning this morning’s market picture, they wouldn’t account for such a large decline”, said analysts at Bespoke....
...“Down at the gritty programme level things haven’t gone so well,” Cunningham said....
...Tomasz Wieladek, chief European economist at T Rowe Price, said the improved business and consumer sentiment suggested it was “plausible the Bank of England was too pessimistic” in forecasting a prolonged...
...“Our 3 [per cent forecast] for the end of 2024 doesn’t look quite as silly today as it did four weeks ago — because four weeks ago I was getting some heat,” said Steven Major, global head of fixed income...
...Supply doesn’t seem to be as constrained as expected.”...
...“Supply doesn’t seem to be as constrained as expected — but we wouldn’t expect prices to fall much further.”...
...“Lower rates are typically constructive for gold, because it doesn’t yield any interest.”...
...“Investors think ‘if [rate cuts are] actually going to be delivered then I don’t need to hold as many dollars’.”...
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