Higher global stocks fail to enthuse traders

Stock markets edged higher, European bond yields dropped and the dollar remained firm in light trading on Monday amid warnings from the IMF chief that a third of the world will fall into recession in 2023.

However, traders were reticent to trust early-year starts in stock and bond moves with many markets closed for a holiday and ahead of a host of economic numbers due this week. S&P Global’s final manufacturing purchasing managers index bounced to 47.8 in December from November’s 47.1, matching a preliminary reading but still below the 50 mark separating growth from contraction.

“After the last Fed meeting, the market was not convinced that the Fed won’t cut rates later in 2023. It’s going to be an interesting year.”

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Ryder Cup player Lane dies at 62 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Ryder Cup player and five-times European Tour winner Barry Lane has died at the age of 62, the DP World Tour said in a statement on Sunday. R. I. P He was the best .Rest in peace Mr.
Source: SABCNews - 🏆 37. / 51 Read more »

Medvedev aims to learn from tough moments, raise game in 2023 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Daniil Medvedev said he needed a long time to recover from his loss to Rafa Nadal in last year’s Australian Open final, but the Russian vowed to use his experiences to reach a higher level in 2023 as he gears up for the season’s first Grand Slam.
Source: SABCNews - 🏆 37. / 51 Read more »