A look at the day ahead in U.S. and global markets from Mike DolanOnly seven weeks into the new year and many of the year's favoured investments look spent already - or at least they require something of a rethink.With Wall St stocks clocking their worst day of 2023 on Tuesday, many of the big consensu
Only seven weeks into the new year and many of the year's favoured investments look spent already - or at least they require something of a rethink.
Whether or not stocks are in what Morgan Stanley strategist Mike Wilson likens to the 'death zone' at the top of Everest, some soul searching is underway nonetheless. And markets have calmed a little early on Wednesday. European central bankers are also talking tough as the region's economies dodge recession and inflation stays high. Deutsche Bank lifted its forecast for where the European Central Bank's key rate will peak in this tightening cycle to 3.75 per cent from 3.25 per cent previously - 125bp up from current rates.
As G20 finance chiefs meet in India, the world is watching closely the extent of the alliance between Beijing and Moscow. According to the Wall Street Journal, China's top diplomat has indicated that Beijing's relationship with Moscow is"rock solid" and Chinese leader Xi Jinping is preparing to visit Moscow for a summit with Vladimir Putin in the coming months.
With results from Nvidia due on Wednesday, Microsoft struck a 10-year deal to bring"Call of Duty" and other Activision games to Nvidia's gaming platform if the Xbox maker is allowed to complete a much-contested $69 billion acquisition of Activision.
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'Extinction Beckons' at artist Mike Nelson's London exhibitionLONDON : From an abandoned wooden structure in the desert to old tyres found on a motorway, an exhibition of installations made with scavenged materials by British artist Mike Nelson goes on show at London's Hayward Gallery this week.With its slightly ominous title “Extinction Beckons”, the exhibition
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