The S&P 500 was little changed as US traders returned from a holiday. Goldman slid after reporting fourth-quarter net revenue below expectations. Whirlpool fell as sales numbers missed. Pfizer retreated after Wells Fargo predicted earnings downgrades for the pharmaceutical company. Morgan Stanley rose as its wealth-management business boosted revenue above forecasts.
Earnings are developing into another challenge for investors who’ve had their expectations for a pause in central-bank tightening damped. European Central Bank chief economist Philip Lane said interest rates will have to move into restrictive territory to bring inflation back to target. BlackRock vice chairman Philipp Hildebrand said he saw no chance of policy easing this year. Data including a record increase in UK wages signalled further rate hikes are necessary.
Several Federal Reserve officials will be speaking this week, providing more clues on their policy priorities. The World Economic Forum’s annual meeting kicks off in Davos, Switzerland, with speakers including ECB president Christine Lagarde and the International Monetary Fund’s Kristalina Georgieva.
The 10-year Treasury yield increased 6 basis points, while the two-year rate was little changed. Bonds across Europe fell. Oil contracts traded higher as traders weighed the chances of a revival in Chinese demand after the nation’s growth data was published.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »