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

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

Stocks, dollar gain on the pace of a Fed soft landing

Investors eye major central bank meetings next week Wall Street and major European stock markets end higher Dollar holds gains after US economic data Oil prices stabilize lower on stronger supply outlook NEW YORK, Jan 27 (Reuters) – Global stocks rallied and the dollar edged higher from an eight-month low on Friday as softer inflation … 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

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato … Read more