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 (repo) market hit its highest level since…
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 test a stock market rally that some…
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 dozens of major brands pause their marketing…
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% gain including dividends. The estimate, from a…
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 end of September from minus 6.7 billion…
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 weak yen and risks of an inflation…
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 the end of the year, the firm’s…
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, staying on the sidelines for longer than…
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 as it forecast earlier, due to expectations…
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 end of this year as price pressures…
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 measures to rein in prices of essential…
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 U.S. Customs and Border Protection’s trade advisory…
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, if needed, by the end of the…
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 from 13%, a rate-setter told Reuters, warning…
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 of 2023, including a provision aimed at…
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 to 4.4% this year and 4% next…
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 now and the end of 2023, according…
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 under local brands, it said on Wednesday,…
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 the U.S. economy, as well as, an…
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, emphasizing ample scope for monetary easing. The…
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. recession risk and a stronger earnings outlook…
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 the end of this year to boost…
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 self-sufficient supply chain before the end of…
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 June 8 and for the rest of…
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 year-end and trading around the same level…
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 hikes, troubled regional banks and weak earnings…
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