US weekly jobless claims fall to nine-month low; productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

Analysis: Fed fuels hopes of Wall Street’s soft landing, though recession fears still linger

Feb 2 (Reuters) – A dovish-than-expected message from Federal Reserve Chairman Jerome Powell should further bolster hopes of a slowdown in rate hikes and a so-called soft landing for the economy that fueled a strong rebound in US equities. For weeks, hopes that easing inflation and slowing growth will allow the Fed to back out … Read more

Wall St rallies as Fed’s Powell nods to easing inflation after rate hike

The Federal Reserve raises rates by 25 basis points Powell says for the first time disinflation has started Indices up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb 1 (Reuters) – The S&P 500 and Nasdaq closed sharply higher on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation was starting to decline, in remarks … Read more

Stocks firm, dollar on edge ahead of Fed decision

US wage growth slows, Wall Street recovers MSCI AxJ index up 0.6%; flat dollar All eyes on Fed announcement at 7:00 p.m. GMT SINGAPORE, Feb 1 (Reuters) – Asian stock markets stabilized on Wednesday as signs of a slowdown in U.S. wages bolstered hopes the Federal Reserve could hint at an end to interest rate … Read more

Growth in labor costs in the United States is the weakest in a year; constantly tight work

The employment cost index increases by 1.0% in the fourth quarter Wages and salaries increase by 1.0%; up 5.1% year-on-year Consumer confidence index drops to 107.1 in January House price inflation slows further in November WASHINGTON, Jan 31 (Reuters) – U.S. labor costs rose at their slowest pace in a year in the fourth quarter … Read more

Chinese economic activity returns to growth in January – official PMI

BEIJING, Jan 31 (Reuters) – China’s economic activity returned to growth in January, after a wave of COVID-19 infections swept through the country faster than expected following the abandonment of pandemic controls. Domestic orders and consumption pushed output higher, according to early broad data showing how quickly China is recovering from its COVID reopening spree, … Read more

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

Emerging market growth slowdown bottoms out in 2022, but risks remain – IMF

NEW YORK, Jan 30 (Reuters) – The International Monetary Fund on Monday raised its estimate for output growth in emerging markets for this year, as projections now show the region’s economic slowdown may have bottomed out in 2022. , following the reopening of China. , a resilient India and unexpected growth in Russia. In its … 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