Asian Stocks Rise, Dollar Falls on Powell’s “Inflationary” Comment

SINGAPORE (Reuters) – Asian shares jumped on Thursday whereas the greenback slipped after Federal Reserve Chairman Jerome Powell stated an “anti-inflationary” course of was beneath means, boosting threat urge for food as traders hoped a rally in US rates of interest would finish quickly. . MSCI’s broadest index of Asia-Pacific shares exterior Japan (.MIAPJ0000PUS) It … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of main private and non-private economists surveyed by the World Financial Discussion board count on a worldwide recession in 2023, the organizer of the Davos Discussion board mentioned on Monday, as enterprise and authorities leaders gathered. its annual assembly. About 18% thought of a worldwide recession “extremely probably” — greater … Read more

Analysis: Investors brace for US debt ceiling battle after House Speaker saga

NEW YORK (Reuters) – The turbulent begin to the brand new U.S. Congress has some buyers anxious about what may very well be a drawn-out battle over elevating the U.S. debt ceiling later this yr. The US Treasury is predicted to achieve the $31.4 trillion borrowing restrict in 2023, and Republicans see this as a … Read more