Not too hot and not too cold. That’s what investors are hoping for in terms of the economic outlook, as China recovers from COVID and as companies grapple with sticky inflation and increasingly cash-strapped consumers.
Whatever signals the Fed sends could play an importing role in determining the longevity of the rally so far this year. Dollar bears, meanwhile, will watch for dovish leanings that could further accelerate a decline in the greenback. The currency has tumbled nearly 11% since hitting multi-decade highs last September.An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district, following the coronavirus disease outbreak, in Shanghai, China on Nov. 14, 2022.
The impact of China’s Great Reopening may show up in PMIs next Tuesday, with the services sector bouncing back to expansion. Manufacturing is likely still contracting, but that has a lot to do with the timing of the New Year holiday, and next month should see a strong rebound.WOLFGANG RATTAY/Reuters Futures price in a further 100 bps worth of tightening between now and July. Amundi reckons ECB rates could reach 4%.
Tech companies generally are under pressure to grow while cutting costs ahead of a potential recession.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »