A look at the day ahead in European and global markets from Anshuman DagaIs there anything spooky about Friday the 13th?Well, certainly not for global equity investors as they cheered U.S. inflation data that showed the Fed's aggressive rate increases are having the desired effect.Asian stock ma
Is there anything spooky about Friday the 13th?
Asian stock markets advanced to hit another seven-month high and were headed for a third consecutive session of gains, while the yen also rose to multi-month highs.On the corporate front, Vodafone Group, which is looking for a new CEO, plans to shed several hundred jobs, most of which are located at its London headquarters, to rein in costs, the Financial Times reported.
Fed policymakers expressed relief that inflation continued easing in December and signalled that a rate-hike slowdown was coming. Friday is a big day for U.S. earnings. Four American banking giants are forecast to report lower quarterly profits as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.
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Marketmind: Risk on, risk offA look at the day ahead in European and global markets from Anshuman DagaAsian equity markets are flirting with six-month highs, powered by risk-on sentiment and hopes of a rebound in Chinese growth but inflation worries are looming ahead.European company results kick-off in earnest on Wednesday, with
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Shopee to close its Polish operations on FridaySoutheast Asia's largest e-commerce firm Shopee will close its Polish operations from the end of Friday, Shopee Polska announced on its website on Thursday.'The fact itself is perhaps not a big surprise, since Shopee has already withdrawn from some of its markets, and a few months ago it cut some of its j
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HSBC wins appeal against $36 million Euribor cartel fineBRUSSELS : HSBC has won an appeal against a decision by European antitrust regulators to fine Europe's second-largest bank 33.6 million euros ($36 million) over its role in a cartel to manipulate benchmark Euribor interest rates in 2007.However, the European Court of Justice, Europe's highest court, said
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India's HCLTech falls after lowering full-year revenue viewBENGALURU : Shares of Indian IT major HCLTech fell as much as 2.6 per cent on Friday after lowering its revenue growth outlook for this fiscal year and flagging delays in decision making by its European clients.The Noida-based company on Thursday lowered its revenue growth projection for the fiscal year
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EU's Covid-19 pass worked well, other tools less so, say auditorsEuropean Commission 'moved fast' to maintain the bloc’s cherished freedom of movement between states. Read more at straitstimes.com.
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