UBS lifts 2024 year-end S&P 500 target to 5,150, tops big banks
(Reuters) – UBS Global Research increased its year-end target for the S&P 500 on Tuesday to 5,150, marking the highest projection among major global banks …
year-end
US overnight funding rate hits record high amid year-end volatility
By Davide Barbuscia NEW YORK (Reuters) – A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement …
Global equity funds see significant outflows as investors book year-end profits
(Reuters) – Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking …
China central bank resumes 14-day reverse repos to smoothen year-end cash demand
SHANGHAI (Reuters) – China’s central bank resumed injecting short-term cash through 14-day reverse repos for the first time in three months on Monday, as it …
Year-end rally in US stocks faces twin tests as Fed, inflation data loom
By Lewis Krauskopf NEW YORK (Reuters) – The Federal Reserve’s last monetary policy meeting of 2023 and a U.S. inflation report in coming days should …
X may lose up to $75 million by year-end on advertiser exodus – NYT
(Reuters) – Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as …
Goldman sees S&P 500 rising to 4700 by year-end 2024
(Reuters) – Goldman Sachs investment strategists said on Wednesday that they now expect the S&P 500 to end 2024 at 4700, implying a roughly 6% …
Porsche SE expects net liquidity at year-end in upper forecast range
BERLIN (Reuters) – Porsche SE said on Monday that net liquidity had improved to a deficit of 5.8 billion euros ($6.20 billion) as of the …
Weak yen, inflation overshoot may prod BOJ to phase out stimulus by year-end: ex-BOJ official
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan may prefer to go slow in ending ultra-low interest rates, but the …
Petrobras decision on extra dividend should be made near year-end, says CFO
RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near …
Bank Indonesia to stay put till year-end, cut in Q2 2024: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will follow its regional peers and leave its interest rate unchanged on Oct. 19, …
UBS pushes out S&P 500 mid-2024 target forecast to year-end
(Reuters) – UBS said it now expects the S&P 500 to hit 4,700 points only by December 2024, instead of the middle of the year …
South Korea central bank chief sees inflation just above 3% by year-end
By Cynthia Kim SEOUL (Reuters) – South Korea’s central bank governor said on Wednesday he sees headline inflation slowing to just above 3% by the …
Italy inflation could drop to 3.4% by year-end, minister says
ROME (Reuters) – Italy’s inflation rate could fall to 3.4% by the end of this year, far below the current level over 5%, thanks to …
CBP Trade Advisory Committee Convenes for Fiscal Year-End Public Meeting
Container ships docked at the port of Savannah in Georgia at dusk. Photo by Jerry Glaser Discussions began on a serious note when members of …
Spain may extend or introduce measures to alleviate inflation hit by year-end
MADRID (Reuters) – Spain’s government could extend some of the measures that were introduced to alleviate the impact of inflation or even implement new ones, …
Exclusive-Hungary central bank could cut base rate to 10-11% by year-end -rate-setter
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank could cut its base rate to 10-11% by the end of the year …
US Treasury to issue more clean energy tax credit guidance by year-end
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said on Friday it will provide guidance on additional clean energy tax incentives before the end …
Turkey hikes year-end inflation forecast to 65%
ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts …
Global stock market correction likely before year-end: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global stock markets are heading for a correction in coming months, though overall they should post marginal gains between …
JDE Peet’s to stop selling western coffee, tea brands in Russia by year-end
By Stephanie Hamel and Diana Mandia (Reuters) – JDE Peet’s NV will from the end of the year sell coffee and tea in Russia only …
Citigroup lifts S&P 500’s year-end target to 4,600
(Reuters) – Citigroup raised its year-end target for the S&P 500 by 15% as it now sees a higher probability of a soft landing for …
Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, …
Credit Suisse ups S&P 500 year-end forecast to 4,700
NEW YORK (Reuters) – Credit Suisse increased its year-end target on the S&P 500 to 4,700 from 4,050, citing a decline in the near-term U.S. …
Vietnam to extend VAT cut until year-end to prop up slowing economy
HANOI (Reuters) – Vietnamese lawmakers on Saturday approved a government plan to extend a reduction in value added tax (VAT) on goods and services until …
Mondelez plans to separate Russia operations by year-end
(Reuters) – Oreo-maker Mondelez International said on Thursday it has scaled down operations in Russia and plans to make it a stand-alone business with a …
India’s RBI to hold rates through year-end, cut in early 2024 – Reuters poll
By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of India (RBI) will leave its key interest rate unchanged at 6.50% on …
Japan’s Nikkei seen sliding to 30,000 by year-end – Reuters poll
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei 225 share average will drop 4% from 33-year highs, returning to the psychologically key 30,000 level by …
S&P 500 seen dipping between now and year-end: Reuters poll
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index of U.S. shares will slip marginally between now and year-end as past interest rate …
Turkey year-end inflation seen at 46% despite likely post-election rate hikes – Reuters poll
ISTANBUL (Reuters) – Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to …
Asia likely to grow 5% faster than developed economies by year-end – Morgan Stanley
(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest …
Toronto stocks seen up 6.2% by year-end, despite ‘wall of worry’: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will add to its rally this year and hit a record high in 2024 as …
Ukraine war expected to cost Germany 160 billion euros by year-end
BERLIN (Reuters) – The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic …
U.S. travel insurance to take off as year-end cancellations spook flyers
By Priyamvada C (Reuters) – Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after …
EY sees favourable conditions by year-end or early-2024 to list arm
By Divya Chowdhury and Nishara Karuvalli Pathikkal (Reuters) – EY Global expects favourable market conditions by the end of this year or early 2024 to …
Investors eye year-end rally as stocks pass week’s first test with tame CPI
By Lewis Krauskopf NEW YORK (Reuters) – Investors grew more upbeat about a year-end U.S. stock rally after a softer-than-expected inflation report on Tuesday lifted …
No Renault deal by year-end as some at Nissan urge caution -sources
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – Nissan Motor Co Ltd doesn’t expect to reach an agreement with top shareholder Renault …
IAEA chief hopes to find solution for Zaporizhzhia nuclear plant by year-end
MILAN (Reuters) – The International Atomic Energy Agency hopes to reach an agreement with Russia and Ukraine to create a protection zone at the Zaporizhzhia …
Ukraine inflation to hit 30% by year-end – deputy cenbank governor
LONDON (Reuters) – Ukraine’s Deputy Central Bank Governor Kateryna Rozhkova said on Thursday inflation in the war-torn country would hit 30% by year-end and stay …
JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end – sources
By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com aims to win Beijing regulators’ …
Analysis-Investors face expensive quest for year-end cash and safe assets
By Yoruk Bahceli (Reuters) – As the most volatile period in years for traders draws to a close, the year-end dash for cash and high-quality …
IMF chief Georgieva aims to complete Zambia, Chad debt restructuring by year-end
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she hoped debt restructuring efforts for Zambia and Chad …
Americans Griner, Whelan may gain release from Russia by year-end, ex-U.S. diplomat says
By Tyler Clifford NEW YORK (Reuters) – WNBA star Brittney Griner and former U.S. Marine Paul Whelan, who are being held in Russia, could gain …
Credit Suisse, Citi cut 2022 year-end target for S&P 500
(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity …
Russia seen holding rates at 7.5% until year-end as inflation remains elevated: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s rate-cutting cycle is over for now, a Reuters poll suggested on Friday, with analysts expecting …
Toyota to start selling small electric sedan in China by year-end – sources
By Norihiko Shirouzu BEIJING (Reuters) – Toyota Motor Corp plans to start production and sales of a small electric sedan powered by BYD Co Ltd …
AmEx to hire 1,500 tech staff by year-end even as recession looms
(Reuters) – American Express Co said on Monday it is looking to hire around 1,500 people for technology roles, shrugging off fears of an economic …
Russian stocks to pare some heavy losses by year-end – Reuters poll
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) By Andrey Ostroukh MOSCOW (Reuters) – Russia’s stock …
Ukrainian economy could contract 35-40% by year-end – minister
KYIV (Reuters) – Ukraine’s economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday. Hit by Russia’s Feb. …
Turkey’s C/A deficit seen at $3.4 billion in June; $40.2 billion at year-end: Reuters poll
ISTANBUL – Turkey’s current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more …