RBA chief Philip Lowe uncertain on need for further rate hikes Reserve Bank boss Philip Lowe isn’t sure whether interest rates will need to rise again , but he certainly isn’t ruling out another hike. The New Daily · Apr 5, 2023
Fixed mortgage rates prolong bad news on inflation City Comment: Another rate hike could spell very bad news indeed for homeowners whose mortgage fixes expire this year Evening Standard · Apr 5, 2023
Chipotle’s CEO has convinced customers to stay loyal and pay more. He’s now facing hurdles that could be even higher The fast-casual chain's stock is up almost 400% in five years. But high inflation and labor problems could bring an end to Brian Niccol's winning streak. Fortune · Apr 5, 2023
Inflation, Declining Demand Pressure Egypt’s Private Sector A survey conducted on Tuesday revealed that for the 28th consecutive month, non-oil private sector activity in Egypt has continued to decline due to restrictions on imports and currency, as well as a significant increase in inflation, which has adversely affected companies. The S&P Global Egypt PMI ticked down to… Asharq Al-Awsat · Apr 5, 2023
Car dealership giant Lookers eyeing higher profits after sales surge The group has upped its expectations despite 'continued trading headwinds including economic uncertainty, inflationary pressure and both supply and logistics disruption' Birmingham Post · Apr 5, 2023
Deadly chaos as Pakistanis scramble for scarce donations Seven-year-old Saad Umer joined a crowd in a poor neighbourhood in the Pakistani city of Karachi rushing to get a handout of flour and a little cash from a charity trying to help the most vulnerable cope with runaway prices. Reuters · Apr 5, 2023
Inflation up 2.83% in March, slowest pace in 15 months Thailand's headline consumer price index (CPI) rose a less than forecast 2.83% in March from a year earlier, the slowest pace in 15 months due to lower energy and food prices, the Commerce Ministry said on Wednesday. Bangkok Post · Apr 5, 2023
RBA boss confirms rate hikes not necessarily over The Reserve Bank has kept interest rates on hold, but governor Philip Lowe says there's a good chance more interest rate hikes will be needed. The New Daily · Apr 5, 2023
Recession Alert: Are We There Yet? The stock market rollercoaster continues with most investors wanting off the ride. That is true even after a nice run higher above 4,100 for the S&P 500 (SPY) because there are fresh signs that a recession could be in our midst that will reawaken the bear market from its recent… StockNews.com · Apr 4, 2023
Dollar Tumbles on Weak U.S. Economic News The dollar index (DXY00 ) on Tuesday fell by -0.51% and posted a 2-month low. A decline in T-note yields Tuesday undercut the dollar. Losses in the dollar accelerated Tuesday after U.S. economic reports on Feb JOLTS job openings and Feb factory orders were weaker than expected, signaling a slowdown... Barchart · Apr 4, 2023
Bank of England interest rate-setter warns inflation may get too low Silvana Tenreyro has been one of the Monetary Policy Committee’s most consistently dovish members Evening Standard · Apr 4, 2023
How Nigel Lawson turned postwar economic consensus on its head Former chancellor fundamentally changed the UK economy during his six-year stint at the Treasury, and not much has changed since then The Guardian - UK · Apr 4, 2023
Stocks Modestly Lower as U.S. Job Openings Fall to a 1-3/4 Year Low What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. U.S. stock indexes this morning are modestly lower. Stocks... Barchart · Apr 4, 2023
The RBA has paused its record run of interest rate hikes. Relief may only be temporary Rising rents and energy prices, as well as stagnant wages, lead many economists to predict the rate is yet to peak The Guardian - AU · Apr 4, 2023
Evening Standard · Apr 4, 2023 OPINION - Nigel Lawson’s legacy: boom, bust and a national treasure It usually comes back to inflation. Study any period of British history from 1945 onwards, and there’s a good chance you’ll spot ministers making strange and sometimes desperate decisions in the name of taming – or often to avoid taming – rapidly rising prices.
Barchart · Apr 4, 2023 Stock Indexes Slide After Factory Orders Decline More Than Expected Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is down -0.15%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.3%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down - 0.06%. This morning the US Census...
The Independent UK · Apr 4, 2023 US job openings slip to 9.9 million in February U.S. job openings slipped to 9.9 million in February, fewest since May 2021 and a sign that the job market may be starting to cool, which would be welcome news for the inflation fighters at the Federal Reserve
StockNews.com · Apr 4, 2023 3 Premier Stocks on Top of the Entertainment Industry The entertainment industry has been affected by consumers’ discretionary spending cuts amid sky-high inflation. However, the industry seems well-positioned to witness significant growth in the near future due to resilient demand. Therefore, it would be wise to invest in quality entertainment stocks Endeavor Group Holdings (EDR), Cedar Fair (FUN), and…
StockNews.com · Apr 4, 2023 Earnings Roll Call! Stocks EVERY Investor Is Watching This Wednesday, and Why You Should Avoid Them The upcoming earnings season could be highly volatile in the face of uncertain macroeconomic conditions, including high inflation, rising interest rates, recent bank failures, and growing recessionary risks. Amid this backdrop, it could be wise to avoid fundamentally weak stocks TuSimple Holdings (TSP), Ra Medical (RMED), and Agrify (AGFY), which…
Barchart · Apr 4, 2023 Markets Today: Stock Index Futures Climb as Interest Rate Hike Concerns Recede Morning Markets June S&P 500 futures (ESM2 3) this morning are up +0.31% at a 1-1/2 month high, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.37% at a 7-1/2 month high. U.S. stock index futures this morning are moderately higher on reduced interest rate concerns. Monday’s economic...
The Guardian - UK · Apr 4, 2023 Bank of England ‘may need to cut interest rates earlier and faster’ MPC member Silvana Tenreyro expects such a move ‘to avoid significant inflation undershoot’
The New Daily · Apr 4, 2023 ‘Pause doesn’t mean peak’: The RBA has stopped hiking rates – but will the mortgage reprieve last? Millions of Australian homeowners were spared another increase in their mortgage bills on Tuesday when the RBA paused interest rates.
Asharq Al-Awsat · Apr 4, 2023 Turkish Inflation Dips to 50% Turkish annual consumer price inflation dropped to 50.51 percent in March, official data showed on Monday, slightly below forecast and easing ahead of landmark presidential and parliamentary elections on May 14. Inflation has been stoked by a currency crisis at end-2021 that pushed it to a 24-year peak above 85…
Barchart · Apr 4, 2023 Stocks Climb Before the Open as Investors Weigh Economic Outlook, U.S. JOLTs Report in Focus June S&P 500 futures (ESM23) are up +0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.61% this morning after three major U.S. benchmark indices finished the regular session mixed as weaker-than-expected U.S. factory activity data tempered inflation concerns caused by OPEC+’s surprise plan to cut oil production.
Barchart · Apr 4, 2023 Stocks Move Higher Before the Open as Investors Weigh Economic Outlook, U.S. JOLTs Report in Focus June S&P 500 futures (ESM23) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.29% this morning after three major U.S. benchmark indices finished the regular session mixed as weaker-than-expected U.S. factory activity data tempered inflation concerns caused by OPEC+’s surprise plan to cut oil production.