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13/02/2023

(Reuters) - UK's FTSE 100 edged higher on Monday, supported by a strong performance by industrial technology firm Smiths Group (LON:SMIN), even as investors maintained a cautious stance ahead of U.S. inflation data that should give clues on the future policy path.
The blue-chip FTSE 100 was up 0.2% by 0812 GMT, hovering close to its record-high levels scaled last week.

13/02/2023

TOKYO/LONDON (Reuters) - The dollar edged toward a five-week high versus major peers on Monday as the Japanese yen slid and investors increased bets on the Federal Reserve keeping monetary policy tight for longer.
The major event this week will be the release of U.S. consumer price data on Tuesday, which will drive expectations for the Fed's policy.

10/02/2023

BEIJING (Reuters) - New bank loans in China jumped more than expected to a record 4.9 trillion yuan ($720.21 billion) in January as the central bank looks to kickstart a recovery in the world's second-biggest economy after the lifting of harsh pandemic controls.
A strong rebound in credit demand will be essential for an economic revival this year after harsh COVID measures and a crisis in the property sector dragged China's growth down to 3% in 2022, one of its worst rates in nearly half a century.

10/02/2023

BERLIN (Reuters) -Volkswagen's supervisory board is assembling on Friday to discuss reshuffling its production network and make a call on whether to build a proposed new factory for its Trinity electric sedan, a source close to the company said.
A plan to build a new plant for the Trinity model near the company's Wolfsburg headquarters was conceived under former Chief Executive Herbert Diess, but was called into question at the end of last year.

09/02/2023

By Gaurav Dogra
(Reuters) - Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace of its rate hikes and as the dollar weakened against regional currencies.
Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and South Korea showed that foreigners purchased a net $8.8 billion worth of regional equities in January. They had sold $57.2 billion in regional equities last year.

09/02/2023

A look at the day ahead in European and global markets from Wayne Cole.
Surely the most fun story today, unless you are an Alphabet (NASDAQ:GOOGL) shareholder, is Google's new Bard AI flunking a question on the James Webb telescope. And it was an own goal given the error was in a Twitter video put out by Google itself, ouch.
Alphabet's shares sank almost 8%, wiping a cool $100 billion off its market cap, and dragging all of Wall Street down. But it did produce one of our best headlines of the session: "Alphabet's Bard apparently no Shakespeare." Eat your heart out AI.

08/02/2023

Proactive Investors - Binance, the world’s largest crypto exchange, is suspending US dollar bank transfers, the company said.
Starting from Wednesday, users will not be able to transfer into US dollars, a spokesperson confirmed to the website CoinDesk.

08/02/2023

SINGAPORE (Reuters) - The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell showed little sign of a hawkish pushback against a resilient labour market in the United States, raising hopes that interest rates may not rise much further.

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