Column: Market forecast 2023 – when the outrageous and the plausible get confused

ORLANDO, Fla., Dec 6 (Reuters) – As some banks release their semi-serious market forecasts for the year ahead, the utterly wild ride that took everyone by surprise in 2022 suggests that, this time around, perhaps they really should be took it semi-seriously. After all, this time last year is safe to say double-digit inflation in … Read more

Missed inflation puts central bankers in trouble

WASHINGTON, Dec 7 (Reuters) – Thomas Barkin, chairman of the Federal Reserve in Richmond, was reviewing the latest inflation data one June morning after having breakfast with bank interns when he saw an alarming sign. Prices had moved higher in May, after a slight decline in April that raised hopes that a recent rise in … Read more

Analysis: Investors eye emerging markets as planets align for end of dollar bull market

NEW YORK, Dec 6 (Reuters) – As the dollar slides off multi-decade highs, some investors are betting emerging-market currencies will greatly benefit from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and marked its best monthly gain in about seven years in … Read more

BP is betting on hydrogen as the fuel of the future

BP sees rapid growth in low-carbon hydrogen Fuel to benefit from state subsidies CEO Looney announces hydrogen production goals BP plans major hydrogen project at Whiting, Indiana refinery LONDON, Dec 5 (Reuters) – BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as governments in major economies pile up cash … Read more

Column: Dodging Recession Could Hit Markets: Mike Dolan

LONDON, Dec 2 (Reuters) – A recession of some kind next year is fast becoming consensus, to such an extent that financial markets could find themselves hit if it doesn’t materialise. The gist of most of the outlook for 2023 is for a year of contracting activity at some point, disinflation and peak interest rates. … Read more

Analysis: Blackstone REIT tightening is a possible warning sign for markets

LONDON, Dec 2 (Reuters) – While this week’s spate of redemptions at an unlisted Blackstone real estate trust (REIT) has had slightly broader repercussions, it is being read as a warning sign by some. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit target limits amid investor concerns … Read more

Musk delivers first Tesla truck, but no production or pricing updates

Tesla ships the first Semi to PepsiCo five years after introducing it No order or capacity details for electric truck Semi uses existing Tesla engines to introduce the new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk delivered the company’s first heavy semi-truck on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Sam Bankman-Fried says he ‘never attempted to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt cryptocurrency exchange FTX, attempted to distance himself from the fraud allegations in his first public appearance since his company’s collapse. it stunned investors and left creditors facing billions of dollars in losses. Speaking by video link at the New York … Read more

GLOBAL ECONOMY Global industrial activity eased in November, but price pressures are easing

European PMI data suggests the recession may not be so bad Chinese private survey shows continued contraction in PMI Factory activity is reduced in Japan and South Korea Polls point to a worsening outlook for Asia next year LONDON/TOKYO, Dec 1 (Reuters) – Industrial production fell sharply last month on slowing global demand and the … Read more

Exclusive: India has asked sanctions-hit Russia for parts in key sectors

NEW DELHI, Nov 29 (Reuters) – Moscow has sent India a list of more than 500 products for potential delivery, including parts for cars, planes and trains, four sources familiar with the matter said, as sanctions reduce capacity of Russia to keep vital industries running. The list, a version of which was seen by Reuters … Read more