Blogs

<p>Is peace finally on the table? (update: it's not)</p><p>Reuters reports comments from the Swiss President Viola Amherd who says that Ukrainian President Zelensky has asked Switzerland to organize a high-level peace conference.</p><p>Amherd made the comment at a joint press conference with Zelensky ahead of Davo

<p>Closing changes:</p><ul><li>Stoxx 600 -0.5%</li><li>German DAX -0.5%</li><li>UK FTSE 100 -0.5%</li><li>French CAC -0.7%</li><li>Italy MIB -0.4%</li><li>Spain IBEX -0.1%</li></ul><p>The DAX opened higher but was steadily sold throughout the tradi

<ul><li>Sentiment fell every month in Q4, from 22% at the start of the quarter to 9% at the end</li><li>38% of firms expect a recession in the year ahead vs 33% in Q3</li><li>54% of firms expect inflation to remain above 3% for the next two years vs 53% in Q3</li><li>75% of firms think wage growth wil

<p>Will 2024 be the year that China turns the corner?</p><p>So far this decade has been a disappointment for Chinese growth but with the property market flushed out and inflation in China zeroed-out, hopes have built for some fiscal and monetary help this year.</p><p>The consensus today was that the PBOC would lower it

Stocks Rise as Traders See Higher Chance Fed Will Act Fast, US Dollar Consolidates; Japanese 2-year Bond Yield Drops Below Zero, Nikkei 225 Index Makes Another 34-Year High; UK Claimant Count Data Due

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/02/Saxo-Bank-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Saxo Bank" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="htt

<ul><li>Prior was -2.8% (revised to -2.9%)</li><li>Sales down 0.8% y/y</li><li>Wholesale trade +0.9% vs +0.8% expected</li><li>Prior wholesale trade -0.5% (revised to -0.3%)</li><li>Inventories rose 0.5% to a record high of $124.2 billion</li><li>Inventory to sales 1.74 vs 1.73

<p>It's Martin Luther King Jr Day in the US and markets there are closed but Canada is open for business. I wouldn't expect much from Canada but the commodity currencies are under some pressure today after China opted to hold rates unchanged. AUD is down 51 pips to 0.6190.</p><p>So far, CAD is holding up but […]

<p>Elon Musk's social media platform, X, <a href="https://www.financemagnates.com/fintech/bankers-beware-musks-x-p2p-payments-and-the-super-app-upheaval/" target="_blank" rel="follow">is gearing up for a revolutionary transformation</a> by integrating peer-to-peer payments into its repertoire. Th

<p>In terms of the most powerful, or useful, passports in the world, six nations tie at the top.</p><p>In the 2024 <a href="https://www.henleyglobal.com/passport-index">Henley Passport Index</a>, six nations share the crown for the most potent passports. In a world where movement is key, passport politics reg