Global stocks traded within a tight range on Friday, with MSCI’s broad index of global equities rising 0.1% following a four-day losing streak. Europe’s Stoxx 600 share index also edged up by 0.2%. However, the market remained on track for a weekly loss, with investors trying to weigh the impact.
The latest jobs report from the US Labor Department has shown a stronger-than-expected increase in job growth and wage gains. This data could influence the Federal Reserve’s decision on interest rates in their upcoming June meeting. The report, which was released on Friday, revealed that the US economy added 253,000.
The US Federal Reserve has been fighting a long war against inflation, but they are now considering the possibility of not raising interest rates any further, even with the recent strong jobs report. According to reports, the Fed officials opened the door to this possibility during their May meeting, which.
The Philippines’ annual inflation slowed down in April, providing support for the central bank to pause interest rate hikes. Officials said that the country’s consumer price index rose 6.6% from a year earlier, marking the slowest pace of increase since August. Month-on-month inflation posted zero percent growth for a second.
HSBC’s annual investor meeting in Birmingham, England, was a heated affair, with opposition to the bank’s strategy and climate policy from shareholders, including a proposal to spin off its profitable Asia business backed by major investor Ping An. The proposal, submitted by individual investor Ken Lui, is expected to be.
The Russian rouble has gained strength against major currencies, including the US dollar, euro, and yuan. By 0923 GMT on Thursday, the rouble was 1% stronger against the dollar at 78.44, its strongest mark since April 3. It also gained 1.1% to trade at 86.74 versus the euro and was.
Nigeria’s Senate has approved a request by President Muhammadu Buhari to restructure 23.7 trillion naira ($52 billion) in short-term loans due to the central bank to long-term debt, according to the minutes from a meeting held on Wednesday. The approval from the lower house of representatives was expected to follow.
Suriname has reached a debt restructuring agreement with its Eurobond creditor committee, according to a statement released by the government on Wednesday. The agreement includes a single, $650 million 10-year bond with a 7.95% interest rate and a 25% “haircut” on the total recognized claims. This development comes as Suriname.
German exports fell significantly more than expected in March, with deliveries to the United States and China sharply declining, according to data released by the federal statistics office on Thursday. Exports decreased by 5.2% on the previous month, with exports to European Union countries falling 6.2%. The United States saw.
The Hong Kong Monetary Authority (HKMA) has raised its main policy rate following the US Federal Reserve’s lead, despite the city’s currency weakness. The de facto central bank has been forced to drain cash in the banking system to its lowest level in 15 years due to the pegged currency,.
The UK inflation rate, measured by the Consumer Prices Index (CPI), dropped to 10.1% in the year to March 2023, down from 10.4% in February, according to the latest data from the Office for National Statistics (ONS). This was the first decline in the annual inflation rate since July 2022,.
Indonesia is a country with a large and diverse population, a rich natural resource base, and a dynamic economy. However, it also faces some challenges in managing its inflation rate, which is a measure of how fast the prices of goods and services are rising over time. Inflation can.