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ECB survey shows rising inflation expectations despite energy price falls
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UK house prices stabilise after four-month fall, Halifax says
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Allure of Japan’s powder snow a growing danger as more tourists ski backcountry
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ChatGPT mania pumps up Chinese AI technology stocks
Marketmind: Rates start to bite
Date: February 6, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the back of their worst day since June hoping for recovery, but vulnerable to an expected interest rate hike in Australia, potentially critical comments from Fed Chair Jerome Powell and deepening U.S.-Sino...
From boom to bottom and now big change: Renault and Nissan reshape alliance
Date: February 6, 2023
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their decades-long alliance aimed at easing tensions between the partners and putting them on equal footing. The partnership, which has grown to include junior member Mitsubishi Motors, was founded in 1999 and long dominated by former Renault...
UK stocks slip as rate hike worries grip investors
Date: February 6, 2023
By Sruthi Shankar and Shashwat Chauhan (Reuters) – The UK’s FTSE 100 closed lower on Monday, as upbeat U.S. economic data last week sparked fears of further monetary tightening and as a top Bank of England (BoE) official voiced concerns that rates need to stay higher for longer. The blue-chip FTSE 100 fell 0.8% after...
Turkey quake kills 912 in historic disaster, Erdogan says
Date: February 6, 2023
ANKARA (Reuters) – At least 912 people were killed and more than 5,000 injured when a magnitude-7.8 earthquake struck southern Turkey overnight, President Tayyip Erdogan said on Monday, calling it a historic disaster for which the death toll is likely to rise. The quake was centred on the province of Kahramanmaras and shook southern Turkey...
Swiss to vote on preventing cashless society, pressure group says
Date: February 6, 2023
(Reuters) – Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures by Monday to trigger a popular vote on the issue. The FBS (Free Switzerland Movement) says cash is playing a shrinking role in many economies, as electronic payments become the...
Bank of England’s Mann doubles down on backing for rate hikes
Date: February 6, 2023
By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned that pausing, as some of her colleagues advocate, risked a confusing “policy boogie” if it turned out rates would need to rise again. After hiking interest rates to 4% last week, the BoE’s...