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Inflation outlook highly uncertain, ECB's Holzmann tells paper
  + stars: | 2022-01-23 | by ( ) www.reuters.com   time to read: +2 min
The ECB has long held the view that inflation will decline this year from its current record high, an expectation its President Christine Lagarde repeated on Friday. Euro zone inflation hit 5% in December, more than twice the ECB's target, but the bank sees it back below 2% by the fourth quarter. However, we also do not know whether inflation will stay at a higher level after all," Holzmann, who is governor of the Austrian National Bank, told Die Presse. I believe, however, that labour and employer representatives are acting very rationally and thoughtfully here," Holzmann said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Francois Murphy; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Jan, Robert Holzmann, Christine Lagarde, Holzmann, Francois Murphy, Emelia Sithole Organizations: ECB, Die Presse, Austrian National Bank, Austrian, Thomson Locations: VIENNA, Austria
Central banks unleashed unprecedented stimulus in recent years to prop up growth but excessive cash has now pushed inflation to multi-decade highs around much of the world, raising fears that policymakers are falling behind the curve. Still, the ECB has also started moving away from its exceptionally easy policy and plans to continue cutting asset purchases throughout the year, Lagarde added. Meanwhile Bank of Japan Governor Haruhiko Kuroda said his bank is not even contemplating a move in that direction just yet. "We're not afraid of inflation because inflation (in Japan) is so low," Kuroda said. “Unlike in the U.S. or Europe, we have to continue our extremely accommodative, easy monetary policy for the time being."
Persons: Christine Lagarde, Kai Pfaffenbach, Kristalina Georgieva, refinance, Georgieva, Lagarde, Haruhiko Kuroda, We're, Kuroda, Balazs Koranyi, Francesco Canepa, Leika, David Lawder, Andrea Shalal, Tomasz Janowski Organizations: European Central Bank, REUTERS, U.S . Federal, Bank of Japan, IMF, Central Bank, ECB, Thomson Locations: Frankfurt, Germany, Japan, U.S, Europe, Tokyo, Washington
The Aussie - often considered a liquid proxy for risk appetite - sank as much as 0.99% to 81.67 yen , its weakest level in a month, and was last down 0.50% at $0.71900 . Register now for FREE unlimited access to Reuters.com RegisterThe greenback slipped 0.27% to 113.78 yen , a one-week low. The dollar index - which measures the currency against six rivals - eased 0.05% to 95.714 after touching a more than one-week high of 95.864 on Thursday. The currency "should continue to firm into next week's FOMC," strategists at Westpac wrote in a client note, saying they wouldn't be surprised if the dollar index tops its 2021 high at 96.938. "Admittedly, a lot is priced in now," they wrote, "but a straight comparison of (the dollar index) vs yield spreads shows that the USD has not fully priced in this story."
Persons: Dado Ruvic, cryptocurrencies, Bart Wakabayashi, there'd, Christine Lagarde, Sterling, Bitcoin, Kevin Buckland, Gerry Doyle, Kim Coghill Organizations: REUTERS, Treasury, Federal Reserve, Tokyo Branch, State Street Bank, Trust, Bank of Japan, Market, European Central Bank, Economic, Westpac, Thomson Locations: Saudi, U.S, Tokyo
The bears are taking control
  + stars: | 2022-01-21 | by ( ) www.reuters.com   time to read: +3 min
A trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 8, 2021. The S&P 500 looks set to end the week down almost 4% in its biggest weekly drop since late 2020. Add geopolitical risk into the mix, with tensions over Ukraine soaring, and it's not hard to see why the bears have their claws out this morning. European equity futures are down sharply and Asian stocks markets shed around 1% (.MIAPJ0000PUS). Risk off is evident across other markets, with the Aussie dollar and cryptocurrencies taking a beating.
Persons: Brendan McDermid, doesn't bode, Janet Yellen, Biden, Christine Lagarde, Edouard Fernandez, Bank of England's Catherine Mann, Dhara Ranasinghe, Karin Strohecker Organizations: New York Stock Exchange, REUTERS, U.S . Federal, Nasdaq, Aussie, Treasury, U.S, Rio Tinto, Bank of England's, Schlumberger, Thomson Locations: New York City, U.S, Dhara, Ukraine, London, Russia, Geneva, Serbia, Davos, Bollo, Pakistan, Kazakhstan
Morning Bid: The bears are taking control
  + stars: | 2022-01-21 | by ( ) www.reuters.com   time to read: +3 min
A trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 8, 2021. The S&P 500 looks set to end the week down almost 4% in its biggest weekly drop since late 2020. Add geopolitical risk into the mix, with tensions over Ukraine soaring, and it's not hard to see why the bears have their claws out this morning. European equity futures are down sharply and Asian stocks markets shed around 1% (.MIAPJ0000PUS). Risk off is evident across other markets, with the Aussie dollar and cryptocurrencies taking a beating.
Persons: Brendan McDermid, doesn't bode, Janet Yellen, Biden, Christine Lagarde, Edouard Fernandez, Bank of England's Catherine Mann, Dhara Ranasinghe, Karin Strohecker Organizations: New York Stock Exchange, REUTERS, U.S . Federal, Nasdaq, Aussie, Treasury, U.S, Rio Tinto, Bank of England's, Schlumberger, Thomson Locations: New York City, U.S, Dhara, Ukraine, London, Russia, Geneva, Serbia, Davos, Bollo, Pakistan, Kazakhstan
LIVE MARKETS Short-selling 2021 highlights
  + stars: | 2022-01-21 | by ( ) www.reuters.com   time to read: +6 min
The most profitable shorts? Below is S3’s list of the most profitable shorts of 2021 in dollar terms:Most profitable shorts in 2021On the flipside, the least profitable shorts terms were a mix of FAANG+M, meme and biotech stocks, as well as the "perennial largest short in the world," Musk’s Tesla. Angst that the U.S. Federal Reserve could slam on the brakes faster than anticipated to contain sticky inflation continue to dominate world markets. Just like the Wall Street tech index, the European sector is trading in correction territory, with the index at 741 points, that is about 12% below the 850 point bar it crossed in November. Europe's tech index is also cruising below key moving averages which indicates it could be set for some more pain in the coming weeks.
Persons: Tesla, doesn't bode, Janet Yellen, Biden, Christine Lagarde, Edouard Fernandez, Bank of England's Catherine Mann, Ipek, Swissquote, Julien Ponthus Organizations: Wall, S3 Partners, Inc, U.S . Federal, Netflix, Nasdaq, Treasury, U.S, Rio Tinto, Bank of England's, Schlumberger, Big, Siemens, Thomson Locations: Tech, Ukraine, U.S, London, Russia, Geneva, Serbia, Davos, Bollo, Pakistan, Kazakhstan, Wall
LIVE MARKETS A disruptive Fed?
  + stars: | 2022-01-21 | by ( ) www.reuters.com   time to read: +7 min
You can share your thoughts with us at markets.research@thomsonreuters.comA DISRUPTIVE FED? The most profitable shorts? Below is S3’s list of the most profitable shorts of 2021 in dollar terms:Most profitable shorts in 2021On the flipside, the least profitable shorts terms were a mix of FAANG+M, meme and biotech stocks, as well as the "perennial largest short in the world," Musk’s Tesla. Angst that the U.S. Federal Reserve could slam on the brakes faster than anticipated to contain sticky inflation continue to dominate world markets. Europe's tech index is also cruising below key moving averages which indicates it could be set for some more pain in the coming weeks.
Persons: George Saravelos, , Stefano Rebaudo, Tesla, doesn't bode, Janet Yellen, Biden, Christine Lagarde, Edouard Fernandez, Bank of England's Catherine Mann, Ipek, Swissquote, Julien Ponthus Organizations: Wall, Deutsche Bank, S3 Partners, Inc, U.S . Federal, Netflix, Nasdaq, Treasury, U.S, Rio Tinto, Bank of England's, Schlumberger, Big, Siemens, Thomson Locations: Tech, Ukraine, U.S, London, Russia, Geneva, Serbia, Davos, Bollo, Pakistan, Kazakhstan, Wall
[The stream is slated to start at 7:30 a.m. Please refresh the page if you do not see a player above at that time.] The Covid-19 pandemic sent the global economy into one of its worst recessions ever. And last year saw supply bottlenecks, surging inflation and new variants weigh further on the recovery. With that in mind, CNBC's Geoff Cutmore explores the global economic outlook for 2022 at the Davos Agenda with ECB President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda, IMF Managing Director Kristalina Georgieva, Brazilian Economy Minister Paulo Guedes and Indonesian Finance Minister Sri Mulyani Indrawati.
Persons: Geoff Cutmore, Christine Lagarde, Haruhiko Kuroda, Kristalina Georgieva, Paulo Guedes, Sri Mulyani Organizations: Bank of Japan, IMF, Brazilian Economy, Indonesian Finance, CNBC, YouTube Locations: Davos, Brazilian
You can share your thoughts with us at markets.research@thomsonreuters.comVALUE BEATS GROWTH IN BIGGEST GAP IN ALMOST 2 DECADES (1230 GMT)Year to date, European value shares have risen 4.4%, while growth stocks slid 5.7%. The 11% performance gap between MSCI Europe Value and Growth is the widest in 19 years. Yet, depending on how earnings go, the UK investment bank notes, value stocks could still fetch some moderate growth. The most profitable shorts? Below is S3’s list of the most profitable shorts of 2021 in dollar terms:Most profitable shorts in 2021On the flipside, the least profitable shorts terms were a mix of FAANG+M, meme and biotech stocks, as well as the "perennial largest short in the world," Musk’s Tesla.
Persons: BoE, Joice Alves, George Saravelos, , Stefano Rebaudo, Tesla, doesn't bode, Janet Yellen, Biden, Christine Lagarde, Edouard Fernandez, Bank of England's Catherine Mann, Ipek, Swissquote, Julien Ponthus Organizations: Wall, Barclays, Fed, Deutsche Bank, S3 Partners, Inc, U.S . Federal, Netflix, Nasdaq, Treasury, U.S, Rio Tinto, Bank of England's, Schlumberger, Big, Siemens, Thomson Locations: Tech, QE, Ukraine, U.S, London, Russia, Geneva, Serbia, Davos, Bollo, Pakistan, Kazakhstan, Wall
Inflation in the euro area is unlikely to surge to levels seen in the U.S., European Central Bank President Christine Lagarde said on Friday. The euro zone's inflation levels have raised questions about the ECB's monetary policy, with the central bank behind its British and American counterparts when it comes to its normalization path. Euro zone inflation hit a new record high of 5% in December, largely due to soaring energy prices in Europe. Speaking via videoconference at the World Economic Forum's Davos Agenda event on Friday, Lagarde defended the ECB's policy, arguing that Europe did not share the United States' "state of excessive demand." U.S. demand is currently 30% above pre-pandemic levels, she said, whereas the euro area is "just about at pre-pandemic levels."
Persons: Christine Lagarde, Lagarde, Largarde, Organizations: European Central Bank, CNBC Locations: U.S, Europe, Davos, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrazil's economy minister on inflation: My fear is that the beast is out of the boxPaulo Guedes outlines his view on the increasing threat of inflation and its longer lasting effect over the Western world as part of the WEF's economic outlook session alongside ECB President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda, IMF Managing Director Kristalina Georgieva and Indonesia Finance Minister Sri Mulyani Indrawati.
Persons: Guedes, Christine Lagarde, Haruhiko Kuroda, Kristalina Georgieva, Sri Mulyani Indrawati Organizations: Bank of Japan, IMF, Indonesia Finance
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope is unlikely to experience the same inflation increases as the U.S.: LagardeChristine Lagarde, president of the European Central Bank, compares inflation rates between Europe and the U.S. and why the outlook for monetary policy will differ.
Persons: Lagarde Christine Lagarde Organizations: European Central Bank Locations: Europe, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF head Kristalina Georgieva: There's a 'dangerous divergence' in the world economyThe IMF's managing director, Kristalina Georgieva, discusses how 2022 will bring with it its own set of challenges. She was speaking at The Davos Agenda alongside ECB President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda, Brazilian Minister of Economy Paulo Guedes and Indonesia's Finance Minister Sri Mulyani Indrawati. CNBC's Geoff Cutmore moderated the panel.
Persons: Kristalina, Kristalina Georgieva, Christine Lagarde, Haruhiko Kuroda, Sri Mulyani, CNBC's Geoff Cutmore Organizations: IMF, Bank of Japan, Economy Paulo Guedes, Indonesia's Finance Locations: Davos
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrazil likely the only country 'exactly where it was' before crisis: Economy ministerPaulo Guedes, Brazil's economy minister, discusses Brazil's positioning in the global economy throughout the Covid pandemic as part of the WEF's economic outlook session alongside ECB President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda, IMF Managing Director Kristalina Georgieva and Indonesia Finance Minister Sri Mulyani Indrawati.
Persons: Paulo Guedes, Christine Lagarde, Haruhiko Kuroda, Kristalina Georgieva, Sri Mulyani Indrawati Organizations: Bank of Japan, IMF, Indonesia Finance Locations: Brazil
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Crude prices initially eased before climbing to fresh seven-year highs and the major indices on Wall Street sharply pared gains of more than 1%. The dollar edged up as the week's big rally in U.S. Treasury yields showed signs of resuming. Advancing shares on both the New York Stock Exchange and Nasdaq outpaced declining shares by about 2:1 ratio as gains in the three major indices of more than 1% ebbed on Wall Street. On Wall Street, the Dow Jones Industrial Average (.DJI) rose 0.48%, the S&P 500 (.SPX) gained 0.45% and the Nasdaq Composite (.IXIC) climbed 0.54%.
Persons: Mike Segar, Tim Ghriskey, Ingalls & Snyder, Ghriskey, Jerome Powell, Joe LaVorgna, LaVorgna, Kevin Flanagan, Flanagan, Christine Lagarde, Brent, Herbert Lash, Huw Jones, Andrew Galbraith, Will Dunham, Bernadette Baum, Cynthia Osterman Organizations: Wall, New York Stock Exchange, REUTERS, ING NEW YORK, Big Tech, Federal Reserve, Treasury, MSCI's, Ingalls &, Nasdaq, Dow Jones, Americas, WisdomTree Investments, European Central Bank, ECB, ING, Thomson Locations: Manhattan, New York City , New York, U.S, Europe, China, Russia, Ukraine, MSCI's U.S, Natixis, ASIA, UKRAINE, London
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Advancing shares on both the New York Stock Exchange and Nasdaq outpaced declining shares by more than a 3:1 ratio. On Wall Street, the Dow Jones Industrial Average (.DJI) rose 1.14%, the S&P 500 (.SPX) gained 1.30% and the Nasdaq Composite (.IXIC) climbed 1.74%. A Reuters poll of economists showed they expect the Fed to tighten monetary policy at a much faster pace than thought a month ago to tame high inflation. "There's no reason for him at the moment to not deviate from what clearly has been a more hawkish script.
Persons: Mike Segar, Tim Ghriskey, Ingalls & Snyder, Ghriskey, Jerome Powell, Joe LaVorgna, LaVorgna, Kevin Flanagan, Flanagan, Christine Lagarde, Brent, Herbert Lash, Huw Jones, Andrew Galbraith, Will Dunham, Bernadette Baum Organizations: Wall, New York Stock Exchange, REUTERS, ING NEW YORK, Big Tech, Federal Reserve, Treasury, MSCI's, Ingalls &, Nasdaq, Dow Jones, Americas, WisdomTree Investments, European Central Bank, ECB, ING, Thomson Locations: Manhattan, New York City , New York, U.S, Europe, China, Russia, Ukraine, MSCI's U.S, Natixis, ASIA, UKRAINE, London
ECB's Lagarde: Inflation drivers will ease gradually in 2022
  + stars: | 2022-01-20 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Vincent KesslerPARIS, Jan 20 (Reuters) - Inflation in the euro zone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. "This will stabilise and ease gradually in the course of 2022," she said. In the interview, Lagarde also commented on recent trends in euro zone yields as Germany's 10-year Bund, viewed as the primary benchmark, rose above 0% for the first time since 2019. "If the yields rise again, this means that the fundamentals of the economy are improving", Lagarde said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Christine Lagarde, Vincent Kessler PARIS, Jan, Lagarde, Tassilo Hummel, Sudip Kar Organizations: Central Bank, ECB, REUTERS, France Inter, U.S . Federal, Gupta, Thomson Locations: Strasbourg, France, U.S, Europe
The yen stumbled on Tuesday as U.S. Treasury yields rose to new near two-year highs and the Bank of Japan stressed its resolve to maintain ultra-loose monetary policy, though firmer yields did little for the greenback against other currencies. "The global reflation trade and rising U.S. yields are pointing to depreciatory pressures on the yen," said Carlos Casanova senior Asia economist at UBP. U.S. two-year yields, which track short-term rate expectations, crossed 1% for the first time since Feb. 2020, and were last at 1.036%, up nearly 7 basis points. "Moreover, the Bank of Japan is expected to keep conditions ultra-accommodative for longer, while any rise in inflation will only be modest, around 1.0% in 2022," Casanova added. Bitcoin was in the doldrums at $42,000, having been trending downwards since hitting its record high of $69,000 in November.
Persons: Carlos Casanova, Casanova, Ray Attrill, Christine Lagarde, Bitcoin Organizations: Treasury, Bank of Japan, UBP, Bank of, National Australia Bank, European Central Bank, Aussie Locations: Westminster , Colorado, Asia, UBP ., Bank of Japan
Rate hikes on my mind
  + stars: | 2022-01-17 | by ( ) www.reuters.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 12, 2022. It's been a turbulent start of the year for world markets with the prospect of interest rate hikes in the U.S. starting to skim the froth off global equity valuations and leaving investors wondering for how long the bull run would continue. Yet the bar is high and management teams might find it harder to please markets accustomed to stellar corporate growth. Shares in most big Wall Street banks fell on disappointing numbers last week, leading to two consecutive weekly losses for the U.S.'s main equity benchmark (.SPX). Today it will be quieter as Wall Street is closed for Martin Luther King Day.
Persons: Brendan McDermid, Danilo Masoni, It's, Martin Luther King Day, Antonio Horta, Osorio, Christine Lagarde Davos, Saikat Chatterjee Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Credit Suisse, GlaxoSmithKline, Unilever, Rightmove, Thomson Locations: New York City, U.S, Asia, Ukraine
Morning Bid: Rate hikes on my mind
  + stars: | 2022-01-17 | by ( ) www.reuters.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 12, 2022. S&P 500 earnings are expected to have grown 23.1% in the last three months of 2021 and STOXX 600 earnings are seen up 48.5%. Yet the bar is high and management teams might find it harder to please markets accustomed to stellar corporate growth. Shares in most big Wall Street banks fell on disappointing numbers last week, leading to two consecutive weekly losses for the U.S.'s main equity benchmark (.SPX). Today it will be quieter as Wall Street is closed for Martin Luther King Day.
Persons: Brendan McDermid, Danilo Masoni, It's, Martin Luther King Day, Antonio Horta, Osorio, Christine Lagarde Davos, Saikat Chatterjee Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Credit Suisse, GlaxoSmithKline, Unilever, Rightmove, Thomson Locations: New York City, U.S, Asia, Ukraine
LIVE MARKETS Unilever: debt and mayonnaise
  + stars: | 2022-01-17 | by ( ) www.reuters.com   time to read: +9 min
GSK rallied around 5% after the London listed drugmaker said it had rejected a 50-bln-pound proposal from Unilever for its consumer healthcare business. Activity is likely to remain subdued as Wall Street is shut today for holiday. Yet the bar is high and management teams might find it harder to please markets accustomed to stellar corporate growth. Shares in most big Wall Street banks fell on disappointing numbers last week, leading to two consecutive weekly losses for the U.S.'s main equity benchmark (.SPX). Today it will be quieter as Wall Street is closed for Martin Luther King Day.
Persons: , Russ Mould, AJ Bell, Michael Hewson, Jeremy Fialko, Steve McGarry, it's, Neil Wilson, Julien Ponthus, Danilo Masoni, drugmaker, It's, Martin Luther King Day, Antonio Horta, Osorio, Christine Lagarde Davos Organizations: Credit Suisse, Wall, thomsonreuters.com UNILEVER, Unilever, CMC, Mega, Barclays, HSBC, GSK, GSK Consumer, Deutsche Bank, DB, Tech, Fed, Federal Reserve, U.S, GlaxoSmithKline, Rightmove, Thomson Locations: China, Markets.com, Swiss, London, U.S, Asia, Ukraine
LIVE MARKETS Euro zone: not that kind of inflation
  + stars: | 2022-01-17 | by ( ) www.reuters.com   time to read: +10 min
You can share your thoughts with us at markets.research@thomsonreuters.comEURO ZONE: NOT THAT KIND OF INFLATION (1221 GMT)Speaking of monetary tightening, it seems that ‘what kind of inflation’ is going to be more important than the outright levels when central banks decide their next moves. In Europe, inflation continues to be driven predominantly by energy, the supply bottlenecks and the effect of the change in the German VAT (value added tax) rate. And given the Fed looks headed towards faster policy normalisation, just as inflation rages and signs emerge that COVID-19 could transition to endemic, that's understandable. GSK rallied around 5% after the London listed drugmaker said it had rejected a 50-bln-pound proposal from Unilever for its consumer healthcare business. Yet the bar is high and management teams might find it harder to please markets accustomed to stellar corporate growth.
Persons: Erik F Nielsen, UniCredit, ” Nielsen, Stefano Rebaudo, , Russ Mould, AJ Bell, Michael Hewson, Jeremy Fialko, Steve McGarry, it's, Neil Wilson, Julien Ponthus, Danilo Masoni, drugmaker, It's, Martin Luther King Day, Antonio Horta, Osorio, Christine Lagarde Davos Organizations: Credit Suisse, Wall, UNILEVER, Unilever, CMC, Mega, Barclays, HSBC, GSK, GSK Consumer, Deutsche Bank, DB, Tech, Fed, Federal Reserve, U.S, GlaxoSmithKline, Rightmove, Thomson Locations: China, U.S, Europe, Markets.com, Swiss, London, Asia, Ukraine
LIVE MARKETS "The lull in markets is unlikely to last"
  + stars: | 2022-01-17 | by ( ) www.reuters.com   time to read: +12 min
You can share your thoughts with us at markets.research@thomsonreuters.com"THE LULL IN MARKETS IS UNLIKELY TO LAST" (1645 GMT)It was a pretty smooth session for European equities with the STOXX 600 gradually gaining strength and ending up 0.7%. "European stocks have made small gains today while US traders take the day off, but the lull in markets is unlikely to last," commented IG market analyst Chris Beauchamp. sdFinally, it's worth noting that UK equities have outperformed the rest of Europe for another session, with a 0.9% rise. GSK rallied around 5% after the London listed drugmaker said it had rejected a 50-bln-pound proposal from Unilever for its consumer healthcare business. Yet the bar is high and management teams might find it harder to please markets accustomed to stellar corporate growth.
Persons: Antonio Horta, Osorio, Chris Beauchamp, Julien Ponthus, Erik F Nielsen, UniCredit, ” Nielsen, Stefano Rebaudo, , Russ Mould, AJ Bell, Michael Hewson, Jeremy Fialko, Steve McGarry, it's, Neil Wilson, Danilo Masoni, drugmaker, It's, Martin Luther King Day, Christine Lagarde Davos Organizations: Credit Suisse, Wall, Unilever, GSK, FTSE, UNILEVER, CMC, Mega, Barclays, HSBC, GSK Consumer, Deutsche Bank, DB, Tech, Fed, Federal Reserve, U.S, GlaxoSmithKline, Rightmove, Thomson Locations: China, Europe, U.S, Markets.com, Swiss, London, Asia, Ukraine
Marketmind: Let's talk about sterling
  + stars: | 2022-01-14 | by ( Reuters Staff | ) www.reuters.com   time to read: +2 min
FILE PHOTO: Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoLet’s take a break from just how quick is the Fed going to slam on the brakes to contain inflation and talk about sterling. The pound is proving to be one of the best performing major currencies in the early days of 2022. Yet, as week draws to an end, there’s a question mark over how long the rally will last given rising political uncertainty. December U.S. retail sales numbers out later in the day is the next focus.
Persons: Dado Ruvic, Boris Johnson’s, Johnson, Lael Brainard, Stefan Ingves, Christine Lagarde, Patrick Harker, John Williams, Sterling Organizations: U.S, REUTERS, Fed, Nikkei, greenback, Philadelphia, Patrick Harker ; New York, University of Michigan, BlackRock, Citi Locations: Dhara, Downing, U.S, China, Germany, Patrick Harker ; New, JPM, Wells Fargo
Let's talk about sterling
  + stars: | 2022-01-14 | by ( ) www.reuters.com   time to read: +3 min
Let's take a break from just how quick is the Fed going to slam on the brakes to contain inflation and talk about sterling. The pound is proving to be one of the best performing major currencies in the early days of 2022. Register now for FREE unlimited access to Reuters.com RegisterData on Friday shows Britain's economy grew a faster-than-expected 0.9% in November. read moreAsian shares took a beating from rate-hike unease; Japan's Nikkei fell 1.3% (.N225). December U.S. retail sales numbers out later in the day is the next focus.
Persons: Pound, Dado Ruvic, Let's, Boris Johnson's, Johnson, Lael Brainard, China Evergrande, Stefan Ingves, Christine Lagarde, Patrick Harker, John Williams, Sterling, Dhara Ranasinghe, Saikat Chatterjee Organizations: U.S, REUTERS, Fed, Nikkei, greenback, HK, Philadelphia, Patrick Harker ; New York, University of Michigan, BlackRock, Citi, Thomson Locations: Dhara, Downing, U.S, China, Germany, Patrick Harker ; New, JPM, Wells Fargo
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