A look at the day ahead in European and global markets from Anshuman Daga
Well, certainly not for global equity investors as they cheeredAsian 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. British shoppers splurged at Christmas, piling their trolleys with party food, drink and clothing as they enjoyed the first holiday season free of COVID worries for three years, but retailers are bracing for a tougher 2023.the IMF is not likely to cut its forecast for 2.7% growth in 2023, noting that a feared oil price spike had failed to materialise and labour markets remained strong.that inflation continued easing in December and signalled that a rate-hike slowdown was coming.
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