A look at the day ahead in U.S. and global markets from Mike DolanIf there were still doubts about a re-acceleration of the world economy into 2023, China's February business boom likely put them to rest.And after a bruising setback for stocks and bonds in February, investors now have to assess whether
If there were still doubts about a re-acceleration of the world economy into 2023, China's February business boom likely put them to rest.
After its bleakest February in 40 years, Hong Kong's Hang Seng stock index roared back more than 4 per cent on Wednesday, with Shanghai up 1 per cent too. China's offshore yuan also surged 1 per cent against the dollar. With euro zone factory output also now expanding again for the first time since May, German state inflation readings on Wednesday appeared to tally with data showing annual price rises picking up steam again last month.
Money markets have already moved beyond that and now price peak ECB rates at year-end almost 150 bps higher at 3.90 per cent. UK house prices last month dropped in annual terms for the first time in nearly three years, mortgage lender Nationwide said. And homebuilder Persimmon dropped almost 10 per cent after it warned the housing slowdown and higher mortgage rates would hit profit and home-building targets.Tesla is readying a production revamp of its top-selling Model Y, according to Reuters sources.
* Minneapolis Federal Reserve President Neel Kashkari speaks, Italian central bank chief Ignazio Visco speaks* U.S. corporate earnings: Salesforce, Lowe's, Dollar Tree, Snowflake, NIO etc
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marketmind: China manufacturing PMI, Aussie GDP top data delugeA look at the day ahead in Asian markets from Jamie McGeever.A bumper data dump on Wednesday kicks off the new trading month in Asia, with China's manufacturing PMI report for February and fourth quarter Australian GDP among the most important releases for investors. Market sentiment going into the
Read more »
Marketmind: Market mood downbeat ahead of raft of dataA look at the day ahead in European and global markets from Anshuman DagaThe overarching downbeat mood among investors shows no signs of improving as markets become increasingly wary of a further rise in borrowing costs.Although U.S. markets took a breather and rose on Monday, they ended well below the day's
Read more »
Marketmind: Irksome inflation won't die downA look at the day ahead in U.S. and global markets from Mike DolanAs investors mull what looks like a new year re-acceleration of the world economy, the narrative of steady disinflation has been ripped up and interest rate markets are still scrambling to re-price.Friday's latest U.S. inflation surprise
Read more »
Hong Kong scraps one of the world’s longest Covid-19 mask mandates on March 1Masks will still need to be worn at high-risk places including hospitals. Read more at straitstimes.com.
Read more »
Hong Kong to scrap Covid-19 mask mandate on March 1HONG KONG - Hong Kong will drop its Covid-19 mask mandate from Wednesday, chief executive John Lee said on Tuesday, in a move to lure back visitors and restore normal life more than three years after stringent rules were first imposed in the financial hub. The measure will...
Read more »
India's Adani plans to repay up to $790 million share-backed loans by March-sourcesHONG KONG :India's Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million by end of March this year, two people with knowledge of the matter said, as it seeks to burnish its credit profile after a short-seller attack.Adani Green Energy also plans to refinance its 2
Read more »