Goldilocks is back! Markets start 2023 in hot form

LONDON, Jan 31 (Reuters) – From equities to government bonds, markets had one of their best starts to the year in decades, but how long the run hinges on a Goldilocks scenario of a slowing economy inflation, maintaining economic growth and lower borrowing costs. After $14 trillion was wiped from global shares in 2022, $4 … Read more

European luxury stocks have room to rise, but are getting expensive

LONDON, Jan 31 (Reuters) – Shining European luxury companies, the region’s stock market top performers in 2023, could see even more gains thanks to a rebound in Chinese spending, but for some the sector is starting to look dear. The likes of French luxury giant and owner of Louis Vuitton, LVMH, and Swiss jewelry company … Read more

Asian stocks turn wary as rates rise and earnings loom The Fed increased by 25 basis points this week, the ECB and the BOE by 50 basis points Tech giants top the list of results China shares share as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian stocks turned wary on Monday ahead of a week that is certain to see interest rates … Read more

Boeing’s 747, the original jumbo jet, prepares for final dispatch

The last 747 freighter will be delivered to Atlas Air Ends over five decades of commercial production Boeing on the verge of bankruptcy, before becoming a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, January 29 (Reuters) – Boeing’s (TO PROHIBIT) 747, the original and arguably best-looking “Jumbo Jet”, revolutionized air … Read more

Rheinmetall plans to increase ammunition production and HIMARS production in Germany

DUESSELDORF, Jan 28 (Reuters) – German arms maker Rheinmetall is set to dramatically increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing launchers. multiple HIMARS rockets in Germany, CEO Armin Papperger said. Reuters. He spoke days before German defense industry bosses were due to … Read more

Wall Street closes green as GDP data eases recession worries

Microsoft, Tesla top S&P and Nasdaq up IBM announces job cuts and asset divestments Bed Bath & Beyond sinks on defect notice Intel slips after the bell after the results Indices up: Dow 0.61%, S&P 1.10%, Nasdaq 1.76% NEW YORK, Jan 26 (Reuters) – Wall Street ended a choppy session higher on Thursday as investors … Read more

Musk describes Tesla’s recession book: cost recovery

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) headed into what it believes to be a “serious” recession: cutting costs on everything from parts to logistics, while keeping pressure on competitors with cut prices. During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Jan 25 (Reuters) – Tesla Inc. (TSLA.O) Aggressive price cuts have boosted demand for its electric vehicles, chief executive Elon Musk said Wednesday, downplaying fears that a weak economy could strangle buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit margins, … Read more

S&P 500 closes slightly in the red as weak business forecasts fuel recession fears

AT&T wins on subscriber additions General Dynamics slips after weak outlook Tesla and IBM release results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 closed nominally lower on Wednesday as a streak of corporate earnings stretched from bearish to dismal, reigniting concerns over … Read more

Europe Inc earnings offer more hope to market optimists

ASML results exceeded expectations STOXX 600 set for best January since 2015 Hopes are growing for an economic soft landing EasyJet shares jump after upbeat outlook Microsoft results sow gloom on Wall Street LONDON, Jan 25 (Reuters) – Earnings at major European companies on Wednesday offered reason for optimism about the health of businesses in … Read more