Global markets face a choppy ride ahead of U.S. inauguration day on Jan. 20, with Britain and the U.S. releasing key inflation data, China publishing growth numbers while earnings on Wall Street and IPOs in Europe get underway.
Traders expect British interest rates to drop from 4.75% to 4.25% this year, but consumer price data on Jan. 15 will show whether the Labour government’s public sector pay rises and tax hikes on employers have made the risks of monetary easing unbearable. For investors, the pace of inflation is one of the main risk factors. At its December meeting, the Fed projected only two rate cuts this year, as it braced for higher inflation than it previously estimated. Market expectations are baking in about 40 basis points of easing in 2025.
The People’s Bank of China announced the sale of an unprecedented 60 billion yuan worth of six-month yuan bills in Hong Kong. That will drain liquidity to protect the currency just ahead of Trump’s inauguration, although gaping yield differentials with the U.S. will keep pressure on the currency - already at 16-month lows.Robust investment banking fees, strong trading income and easing pressure to boost deposit rates should make for a happy earnings season for U.S. banks.
JPMorgan, Wells Fargo, Citigroup and Goldman Sachs will kick off earnings on Wednesday, while Bank of America and Morgan Stanley report results on Thursday.Spanish travel technology group HBX Group, whose brands include Hotelbeds, which is eyeing a 1 billion euro offering in the coming week. German drug manufacturer Stada - potentially valued at 10 billion euros - and fast fashion retailer Shein are among those expected to follow suit in the first half of the year.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Five things to watch for in the Canadian business world in the coming weekTORONTO — Five things to watch for in the Canadian business world in the coming week: Fall economic update Finance Minister Chrystia Freeland will present the federal government's fall economic statement on Monday.
اقرأ أكثر »