Blue chips look like a good investment, but be careful, economist says Rob Buckland, Citi’s Global Chief Economist, discusses blue chip companies, oil stocks and the profit environment for 2023 on CNBC’s “Squawk Box Europe.” Oil and gas stocks fall as oil prices are expected to drop 10% per week European oil and gas stocks …
European markets close higher as China reopens, economic outlook focuses Read More »
Wall Street extends losses as recession worries mount Crude oil at lowest since January Bank of Canada signals slowing pace of rate hikes China eases COVID rules but imports and exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – Global stocks fell further and Treasury yields fell on Wednesday as U.S. worker productivity data beat …
Stocks and bond yields fall as US data clouds Fed rate outlook Read More »
SEATTLE–(BUSINESS WIRE)–Russell Investments strategists believe a recession looks likely in 2023 and equity markets could struggle, but a global economic recovery should be on the horizon by the end of the year. “The main question for 2023 is whether inflationary pressures are easing enough to allow central banks to move away from rate hikes and …
This post was originally posted on TKer.co It’s that time of year when top Wall Street strategists tell clients where they see the stock market heading in the coming year. Typically, the group’s average forecast is for the S&P 500 to rise by around 10%, which is in line with historical averages. This time the …
Mark M. Grywacheski Published monthly by the US Department of Labor, the JOLTS, or Job Openings and Labor Turnover Survey, reports the monthly change in job offers, hires, quits and other employee departures. On Wednesday, the October survey reported 10.3 million non-farm job openings among private and government employers nationwide. That was slightly below the …
MARK-TO-MARKET: Job openings dwindle as CEOs look to 2023 Read More »
Comment this story Comment A recent Subway History on the Dulles Toll Road featured an image of a chart released by the Washington Metropolitan Airports Authority summarizing the new toll rates. The table refers to the “Dulles Toll Road (also known as the Omer L. Hirst-Adelard L. Brault Freeway)”. This raises some questions: who were …
outlook | Who the Road Pays For: The Story Behind the Dulles Toll Road Name Read More »
Growing protests over tough pandemic restrictions in China – the world’s second largest economy – are injecting a new element of uncertainty and instability into the global economy as nations already struggle to manage the fallout from a war in Ukraine, an energy crisis and painful inflation. For years, China has served as a global …
Chinese lockdown unrest upends global economic outlook Read More »
Nationally, home prices fell 1.3% between June and August. It marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It’s more than a small dive, it’s a change of trajectory. At least, that’s according to the latest forecasts produced by Morgan Stanley’s economics team. This year, Morgan Stanley expects …
(Photo by David McNew/Getty Images) Getty Images Key points to remember Home sales fell for the ninth consecutive month, with transactions down 28.4% from the same period last year. Average prices also fell, reaching $379,100 from $413,800 in June. This comes as mortgage rates continue to rise rapidly, hovering around 7% from less than 3% …
October wholesale price inflation in Germany well below expectations Germany’s producer price index came in at -4.2% month on month in October, the Federal Statistical Office said on Monday, well below Reuters consensus forecast for a 0.9 increase. %. On an annual basis, wholesale prices rose 34.5%, below expectations of a 41.5% slope. -Elliot Smith …
European markets edge lower as investors assess economic outlook Read More »
