The US producer price index (PPI) rose faster than expected in November. Deep inflationary pressures have been highlighted and the US Fed is expected to raise interest rates towards 2023. Key point US PPI rises 0.3% MoM – 0.3% higher for 3 consecutive months Economists in a Bloomberg poll expected an average increase of 0.2% … Read more
The Indonesian parliament has passed a bill to ban sex outside marriage. Violators face up to a year in prison, including couples living together. It also tightens penalties for abortions, with women who have an abortion facing up to four years in prison. Abortion is still illegal under current law, with the exception of life-threatening … Read more
![[Mercato USA]Stocks continue to fall, risk aversion: Big bank CEO’s economic pessimism continues – Bloomberg](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iLgmxNuaq3jU/v1/1200x800.jpg "[Mercato USA]Stocks continue to fall, risk aversion: Big bank CEO’s economic pessimism continues – Bloomberg")
The US stock market continued to fall by 6. Executives of major banks expressed pessimism about the economy amid growing concerns about the impact of US monetary policy on economic growth and corporate earnings. buffer stock closing price Compared to the previous working day Exchange rate S&P 500 stock index 3941.26 -57.58 -1.4% Dow Jones … Read more
Richmond Fed Chairman Barkin said the US economy could enter an era of prolonged labor supply restrictions. This situation will continue to put upward pressure on inflation and companies may have to pay more to attract and retain talent, he said. On the 2nd the governor will hold a conference in Virginia. “Labor supply is … Read more
On the 1st, the US stock market remained choppy around a cornerstone of technical analysis. The Federal Open Market Committee’s (FOMC) next move is pending US jobs data released on 2. buffer stock closing price Compared to the previous working day Exchange rate S&P 500 stock index 4076.57 -3.54 -0.1% Dow Jones Industrial Average 34395.01 … Read more
October’s US Personal Consumption Spending (PCE) Core Price Index fell short of market expectations for month-on-month growth. Private consumption expenditure has risen steadily. It was a favorable outcome for the US Fed, which aims to curb upward pressures on prices. Key point PCE core price index excluding food and energy is up 0.2% m/m Market … Read more
Job openings in the US were down in October compared to the previous month, further suggesting a cooling job market. It bodes well for the Fed, which is trying to curb demand across the economy. US private employment grows to lowest in nearly two years; wage growth slows down – ADP (1) Key point The … Read more
Distressed bond investor Oaktree Capital Management co-founder Howard Marks sees one of the biggest opportunities since the global financial crisis. Rising interest rates and the approaching recession are driving more and more companies into trouble. Oaktree, which has made “middling” returns in recent years in an easy-to-raise environment, is seeing opportunities to fund companies struggling … Read more
US retail sales rose more-than-expected in October, marking the fastest growth in eight months. It suggests that demand for goods across the board is holding up even as inflation hits its highest level in decades and the economic outlook deteriorates. Key point US retail sales increased 1.3% month-on-month The economist’s median forecast is for a … Read more
Institutional investors tend to shy away from cryptocurrencies (virtual currencies). However, the sudden FTX crisis may have permanently shut down any prospects of integrating cryptocurrencies into asset portfolios. While there are still plenty of crypto bulls, many institutional investors believe that the role of cryptocurrencies as portfolio diversifiers and alternatives to gold has been completely … Read more