Only seven weeks into the new year and many of the year's favoured investments look spent already - or at least they require something of a rethink.
Whether or not stocks are in what Morgan Stanley strategist Mike Wilson likens to the 'death zone' at the top of Everest, some soul searching is underway nonetheless. And markets have calmed a little early on Wednesday. European central bankers are also talking tough as the region's economies dodge recession and inflation stays high. Deutsche Bank lifted its forecast for where the European Central Bank's key rate will peak in this tightening cycle to 3.75 per cent from 3.25 per cent previously - 125bp up from current rates.
As G20 finance chiefs meet in India, the world is watching closely the extent of the alliance between Beijing and Moscow. According to the Wall Street Journal, China's top diplomat has indicated that Beijing's relationship with Moscow is"rock solid" and Chinese leader Xi Jinping is preparing to visit Moscow for a summit with Vladimir Putin in the coming months.
With results from Nvidia due on Wednesday, Microsoft struck a 10-year deal to bring"Call of Duty" and other Activision games to Nvidia's gaming platform if the Xbox maker is allowed to complete a much-contested $69 billion acquisition of Activision.
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.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »