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Top StoriesGerman Economy Expected to Grow Modestly in 2023 – European Commission
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TradingSterling Bounces From One-Month Low After Comment From Fed’s Powell
InvestingFTSE 100 Hits Record High on Bp Boost, Less-Hawkish Fed Signal
Asia’s Factory Activity Contracts Despite China’s Covid Reopening
Date: February 1, 2023
By Leika Kihara TOKYO (Reuters) – Asia’s factory activity contracted in January as the boost from China’s COVID reopening had yet to offset headwinds from slowing U.S. and European growth, surveys showed on Wednesday, underscoring the fragility of the region’s economic recovery. China’s factory activity shrank more slowly in January after Beijing lifted tough COVID...
Euro Zone Economic Sentiment Rises in January to Seven-Month High
Date: January 30, 2023
BRUSSELS (Reuters) -Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday. The European Commission’s Economic Sentiment Index (ESI) rose to 99.9 this month, above an upwardly revised 97.1 in December —...
Stocks, Dollar Gain on Soft Landing Hopes
Date: January 27, 2023
By Herbert Lash NEW YORK (Reuters) -Global stock markets rallied and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with slowing inflation, giving credence to the Federal Reserve’s desire to engineer a soft landing. Gross domestic product increased at a faster-than-expected 2.9% annual rate in...
Stocks, Dollar Gain on Resilient U.S. Economy
Date: January 26, 2023
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – A gauge of global stock performance rose and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with slowing inflation, suggesting the Federal Reserve can engineer a soft landing. Gross domestic product increased at a 2.9%...
Hopes of Slowdown in Rate Hikes Bolster Shares Ahead of U.S. GDP
Date: January 26, 2023
By Huw Jones LONDON (Reuters) – Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a slowdown or even a pause in interest rate hikes for later in the year to make recession less likely and ease pressure on corporate earnings. Oil prices were steady after U.S. crude stocks...
German Inflation Rate to Ease Over Course of 2023 – Econ Minister
Date: January 26, 2023
BERLIN (Reuters) – German inflation will remain high at the beginning of 2023 before easing over the course of the year, Economy Minister Robert Habeck said on Thursday. “We have broken the inflation trend,” Habeck said in his address to the Bundestag regarding the annual economic report. Inflation is seen at 6% in 2023, as...