LONDON (Reuters) – Europe’s luxury companies, the region’s top stock market performers in 2023, may see more gains driven by a rebound in Chinese spending, but for some the sector is starting to look too expensive. The likes of French luxury giant, Louis Vuitton owner LVMH, and Swiss jewelry company Richemont (CFR.S)They benefited from the … Read more
Interest rate expectations fell after inflation slowed in the US Asian stocks hit a 7-month high Japanese Treasury yields shatter the Bank of Japan’s ceiling as bets grow on a policy shift SINGAPORE/TOKYO (Reuters) – Asian stocks rose on Friday as investors rejoiced at slowing U.S. inflation, while the yen hit a seven-month high and … Read more
Consumer prices fell 0.1% in December The Consumer Price Index increased by 6.5% year-on-year Core CPI rose 0.3%; 5.7% increase year-on-year Weekly jobless claims drop from 1,000 to 205,000 WASHINGTON (Reuters) – American consumer prices fell for the first time in more than two-and-a-half years in December amid lower gasoline and auto prices, giving hope … Read more
Nonfarm payrolls increased 223,000 in December Unemployment rate down to 3.5% from 3.6% high rates of domestic workers; High workforce earning average hourly earnings of 0.3%; An increase of 4.6% year-on-year WASHINGTON, Jan. 6 (Reuters) – The U.S. economy added jobs by a strong measure in December, pushing the unemployment rate back to a pre-pandemic … Read more
SAO PAULO (Reuters) – Brazilian financial markets rose on Wednesday even as criticism grew of President Luiz Inacio Lula da Silva’s economic policies, with analysts and a leading newspaper slamming ministers after markets plunged in the leftist’s first two days in office. Brazil’s real currency and stock market rose after Lula’s chief of staff, Rui … Read more
BRASILIA (Reuters) – Brazilian markets delivered a harsh judgment on leftist President Luiz Inacio Lula da Silva’s first full day on Monday after he pledged to prioritize social issues and ordered an extension of a fuel tax exemption over budget breaches. Lula’s decision to extend the fuel tax exemption, which would deprive the treasury of … Read more
