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☆ China's richest people are leaning hard into quiet luxury, wielding stealth wealth like a weapon and scorning their flashy, label-chasing peers
▼ + stars: | 2023-08-26 | by ( Mary Hanbury | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +12 min

And rich Chinese people are leaning in, ditching "logo hunting" in favor of elegance, experts say. In a similar vein to the US and Europe – the "quiet luxury" aesthetic has emerged as a reaction to the economic climate. Chinese social media's got quiet luxury down to a sciencePeople have posted tutorials and photos on the “laoqian” style on China’s Pinterest-like site, Xiaohongshu. XiaohongshuTo be sure, there's being rich and looking rich, and the latter is where it's at on Chinese social media. WeiboSome influencers have also uploaded video tutorials on the "laoqian" style, to guide people on how best to dress for success.

Persons: that's, Dior, Gucci, Louis, Rich, Tom Wambsgan, Chukrut, you've, Javier Gonzalez Lastra, it's, Xi Jinping's, Milton Pedraza, Pedraza, media's, you'll, Richemont, Louis Vuittons, Thomaï Serdari, Joe, they're Organizations: Service, Bain, Co's, Burberry, Louis Vuitton, Getty, West, Ivy League, China Morning Post, Crazy, Luxury Institute, Twitter, NYU's Stern School of Business Locations: China, Wall, Silicon, America, bucketloads, Shanghai, Europe, Tema, Nanjing, Nikada, Beijing, Weibo

U.S. bond investors nonetheless dialled back their bets of a rate hike in November and December following Powell's remarks, though Treasury yields traded near break-even by late morning. The yield on 10-year Treasury notes was steady at 4.2314% and the two-year yield, which reflects interest rate expectations, rose to 5.0735%. "We've seen a back-off in ECB rate hike expectations. Boston Fed President Susan Collins said on Yahoo Finance's video channel that rates may be near or at a peak, "but certainly additional increments are possible." Tokyo consumer price data on Friday, which front-runs nationwide figures, showed inflation remained well above the Bank of Japan's target.

Persons: Toby Melville, Jerome Powell, Powell, David Sadkin, Dow Jones, Christine, Lagarde, Ben Laidler, Patrick Harker, Susan Collins, Shaun Osborne, Joseph Capurso, Kazuo Ueda, Jackson, Brent, Samuel Indyk, Kevin Buckland, Jacqueline Wong, Mark Potter, Chizu Nomiyama, Susan Fenton, Diane Craft, Cynthia Osterman Organizations: London Stock Exchange Group, City of, REUTERS, Federal Reserve, Bel Air Investment Advisors, Nasdaq, European Central Bank, ECB, Reuters, Philadelphia Fed, CNBC, Boston, Yahoo, U.S, Scotiabank, Bank of, Bank of Japan, CBA, West Texas, Thomson Locations: City, City of London, Britain, Jackson Hole , Wyoming, U.S, Asia, Tokyo

☆ Florida Democrats just landed one of their top recruits to take on Rick Scott, but it still might not be enough to win
▼ + stars: | 2023-08-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

She's aiming to unseat Rick Scott, who always eked out narrow wins in his general election contests. But Scott will be running in a presidential year, when Florida Republicans could have a considerable edge. AdvertisementAdvertisementSo where does that leave Florida Democrats as they look toward 2024? "Ya no más," she said in Spanish, which translates to "no more," and added, "I've already fought guys like Rick Scott, and beat them." Florida Sen. Rick Scott speaks during a news conference following the GOP weekly policy luncheon on Capitol Hill on September 20, 2022.

Persons: Debbie Mucarsel, Powell, Rick Scott, Scott, Sen, Rick Scott of, Democrat Alex Sink, Charlie Crist, Democratic Sen, Bill Nelson, Donald Trump, Ron DeSantis, Joe Biden, DeSantis romped, Crist, Trump, Mucarsel, Scott —, I've, Florida Sen, Jose Luis Magana Mucarsel, Biden, Carlos Giménez —, —, Scott Hartline Organizations: Democratic, Florida Senate, Florida Republicans, Service, Republican, Democrat, Gov, Trump, Florida, Florida Democrats, Democrats crave, Latina, Columbia, Healthcare Corporation, Politico, Mucarsel, Capitol, AP, Republicans, Dade County, State, GOP Locations: Florida, Wall, Silicon, Rick Scott of Florida, Ecuadorian American, Miami, Dade County, South Florida, Mucarsel

☆ Stock futures are little changed as investors look ahead to next batch of corporate earnings: Live updates
▼ + stars: | 2023-08-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Tuesday night as investors awaited on the latest crop of corporate earnings reports from well-known names including Nvidia . S&P 500 and Nasdaq 100 futures also each climbed 0.1%. The moves follow a mixed session on Wall Street. The S&P 500 and Dow slid around 0.3% and 0.5%, respectively. Of the more than 95% of S&P 500 companies that have delivered results, about four out of five have exceeded Wall Street expectations.

Persons: Foot, Kohl's, Fitch, Snowflake, Dow, Macy's, Lowe's, Rob Haworth, They'll, Jerome Powell Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Urban Outfitters, Retail, Abercrombie, Dick's Sporting Goods, U.S . Bank Locations: what's, Jackson Hole , Wyoming

☆ Modelo is now beating Bud Light for the entire year
▼ + stars: | 2023-08-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Modelo Especial is now officially America’s best-selling beer, dethroning Bud Light from the top spot it has largely held for the past two decades. Year-to-date sales data through August 12 shows it was tight, but Modelo eked out the top spot with an 8.34 share vs. 8.28 for Bud Light. Summer has been a bright spot for the Mexican lager, with Modelo surpassing Bud Light in May, June and July monthly sales. Modelo has held a 9.1 share for the past four weeks as Bud Light slipped to a 7 share of off-premise beer sales. There’s been some “material improvement,” for the Anheuser-Busch (BUD) brand Bud Light, according to Beer Business Daily, a trade publication.

Persons: Bud Light, Bud Light’s, There’s, BUD, Bud, Dylan, ” BBD, Greg Gallagher, ”, ” Gallagher, influencer, Busch Organizations: New, New York CNN — Modelo, Modelo, Bud, Anheuser, Busch, Beer Business, Constellation Brands, Corona, Constellation, CNN, Molson Coors, TAP, Miller Lite, Coors, Light, Modelo Especial, Revenue Locations: New York, North America, Canada, United States

☆ What we want to see from retail sales and 3 Club earnings in the week ahead
▼ + stars: | 2023-08-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

State of the consumer: Retail sales for July are out on Tuesday. Key retail earnings reports from Walmart (WMT), Target (TGT) and Tapestry (TPR) will also provide clues on the health of the consumer. Earnings : On Wednesday morning, we hear from Club holding TJX Companies (TJX). Prior retail sales data has shown monthly sales growth at clothing and clothing accessory stores accelerate throughout the quarter, rising 0.14% monthly in April, 0.3% in May and 0.6% in June. For those looking to review first-quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, Estee Lauder, we've, Palo, Cardinal Health, JD.com, Brinker, BILL, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Dow Jones, Investors, Walmart, TJX Companies, Palo Alto Networks, Embraer, Energy, Getty, Sea Ltd, Cardinal, Nu Holdings, Housing, ZIM, Food, Colgate, Palmolive, Cisco Systems, Chemical & Mining, Keysight Technologies, Ross Stores, Deere & Company, Alto Networks, Jim Cramer's Charitable, CNBC Locations: China, Dole, DOLE, Manhattan, New York City

☆ Stocks fall, yields rise after hotter than expected inflation reading
▼ + stars: | 2023-08-11 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

The U.S. producer price index (PPI) for final demand rose 0.3% in July, according to the Labor Department. And in the 12 months through July, the PPI rose 0.8% against estimates for a 0.7% advance. On Thursday, Wall Street's main indexes had finished flat, giving up most early gains on milder-than-feared consumer price inflation data. In currencies, the dollar index rose 0.107%, with the euro down 0.18% to $1.0959. On the U.S. Treasuries side, yields rose after the hotter than expected PPI.

Persons: Brendan McDermid, Paul Christopher, Christopher, Mary Daly, Sterling, Brent, Sinéad Carew, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Treasury, Reserve, Labor Department, PPI, Wells, Wells Fargo Investment Institute, Dow Jones, Nasdaq, San Francisco Federal Reserve Bank, Britain, International Energy Agency, Thomson Locations: New York City, U.S, Wells Fargo, St Louis, Asia, Pacific, Japan, London

Asian stocks fell to a one-month low and European indexes were in the red, with the STOXX 600 down 0.8% at 1125 GMT (.STOXX). "We’re still getting a mixed message from the inflation numbers," said Ben Laidler, global markets strategist at eToro. The pound was up 0.4% at $1.2725 , after GDP data showed Britain eked out some unexpected growth in the second quarter, helped by a strong June performance. But it remains the only large advanced economy that has not yet regained its pre-COVID late-2019 level, data showed on Friday. Investors will be watching for UK inflation data next Wednesday.

Persons: DAX, Mary Daly, We’re, Ben Laidler, eToro's Laidler, Brent, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: Credit Suisse, Wall, San Francisco Federal Reserve Bank, Investors, Nasdaq, HK, Britain, West Texas, International Energy Agency, Thomson Locations: Silicon, China, Australia, Japan

Official data on Friday showed the economy grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The strong showing bolstered bets that the BoE would keep on raising interest rates, given the central bank stressed this month that resilience in the economy was one of the factors that would underpin its judgement. The central bank itself had pencilled in growth of 0.1% for the second quarter. "With much of the drag from higher interest rates still to come, we are sticking to our below-consensus forecast that the UK is heading for a mild recession later this year," said economist Ruth Gregory from consultancy Capital Economics. Reporting by Andy Bruce and David Milliken; editing by William James, Kate Holton and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Sterling, BoE, Neil Birrell, Jeremy Hunt, Ruth Gregory, Andy Bruce, David Milliken, William James, Kate Holton, Christina Fincher Organizations: Bank of England, U.S ., Reuters, Bank of, Miton, National Statistics, Manufacturing, Reuters Graphics, Capital Economics, Thomson Locations: Bank of England, Britain, Germany, France, Italy, United States

☆ Singapore narrows 2023 growth forecast on 'weak' external demand
▼ + stars: | 2023-08-11 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

A general view of the Central Business District and the Merlion, illuminated with a projection during the iLight Marina Bay on March 29, 2018 in Singapore. Singapore narrowed its economic growth forecast to a range of 0.5% and 1.5% for this year, citing sluggish external demand amid a weak global economy. The growth forecast was trimmed from an earlier range estimate of 0.5% to 2.5%, said the Ministry of Trade and Industry on Friday. Gross domestic product for the April to June quarter grew 0.5% year-on-year, falling short of the government's advance estimate of 0.7% announced in July. "Singapore's external demand outlook for the rest of the year remains weak," the ministry said in a statement.

Organizations: Central Business District, Ministry of Trade, Industry, Gross Locations: Bay, Singapore

☆ London's FTSE 100 pressured by pound after surprise Q2 GDP growth
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoSummary FTSE 100 down 0.6%, FTSE 250 off 0.2%Aug 11 (Reuters) - London's exporter-heavy FTSE 100 index opened lower on Friday, pressured by a stronger pound after data showed the UK's economy surprisingly grew higher-than-expected in the second quarter. Data showed Britain eked out unexpected growth in the second quarter, helped by a strong June performance. It grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The FTSE 100 (.FTSE) fell 0.6%, while the sterling broke three straight days of losses after the data.

Persons: Toby Melville, Stuart Cole, Siddarth, Varun Organizations: London Stock Exchange Group, City of, REUTERS, Britain, FTSE, Equiti Capital, Thomson Locations: City, City of London, Britain, Bengaluru

☆ Opinion | The ‘Never-Again Trumper’ Sham
▼ + stars: | 2023-08-08 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

In 2015, Ryan, the House speaker then, denounced Trump’s proposed Muslim ban as “not conservatism,” “not what this party stands for” and “not what this country stands for.” Then-Gov. Mike Pence of Indiana privately complained that Trump was “unacceptable,” according to the G.O.P. Their point was simply that Trump couldn’t win. So why oppose Trump in 2024? “Because I want to win,” Ryan said, “and we lose with Trump.

Persons: midterms, eked, Paul Ryan, ABC’s Jonathan Karl, Trumper, ”, Ryan, Donald Trump, Trump’s, ” “, Mike Pence, Indiana, Trump, Dan Senor, Ted Cruz, Heidi, “ Donald Trump, they’ve, ” Ryan Organizations: Republicans, Trump, Democrat, Republican, ABC Locations: ”

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. Investors in China's stock markets, however, were clearly underwhelmed, as Hong Kong's Hang Seng Index (.HSI) dropped roughly 2% over the week, while the mainland's benchmark CSI 300 index (.CSI) eked out a 0.7% gain. But investors are becoming frustrated by the time the NDRC is taking to flesh out stimulus policies, or order measures like a cut in stamp duty - that could help China's ailing property sector, and please investors in stocks and bonds. Even in a best-case scenario, growth over the second half of this year looks set to be modest." Reporting by Joe Cash and Albee Zhang in Beijing; Editing by Himani Sarkar & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, HSI, flexibly, Zou Lan, Xu Tianchen, Joe Cash, Albee Zhang, Himani Sarkar, Simon Cameron, Moore Organizations: People's Bank of China, REUTERS, National Development, Reform Commission, Communist Party's, UBS, Council, Economist Intelligence Unit, Weibo, Capital Economics, Thomson Locations: Beijing, China, BEIJING

☆ CNBC Daily Open: July was great for stocks — and oil
▼ + stars: | 2023-08-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Europe's regional Stoxx 600 index eked out a 0.12% increase on the back of a dip in inflation and higher-than-expected economic growth in the euro zone. Upbeat euro zone figuresThe euro zone reported positive economic data Monday. CNBC Pro's Bob Pisani explains what drove the S&P to such heights, and where the index is going for the final five months of the year.

Persons: JPMorgan Chase JPMorgan Chase, Jeffrey Epstein, Virgin, Bob Pisani Organizations: CNBC, Federal, JPMorgan Chase JPMorgan, U.S . Virgin Islands, JPMorgan Locations: U.S

LAUNCESTON, Australia, Aug 1 (Reuters) - Bad news for China's economy appears to spell good news for commodities, with prices of copper and iron ore gaining on hopes for new stimulus measures after yet another weak indicator. Dalian Commodity Exchange contracts ended daytime trade 0.5% higher at 841.5 yuan per metric ton, snapping two sessions of declines. Imports are estimated at 101.39 million metric tons by commodity analysts Kpler and at 100.96 million by Refinitiv. If the official figure is in line with these estimates, it would be the strongest month for iron ore imports since January's 103.6 million metric tons. Inventories have dropped for five straight weeks and are now 10% below the 13.5 million metric tons for the same week in 2022.

Persons: Beijing's, Miral Organizations: PMI, London, Reuters Graphics, Singapore, Dalian, Exchange, Reuters, Thomson Locations: LAUNCESTON, Australia, Beijing, Shanghai

☆ Contenders and a Co-Host Survey the Uncertain Road Ahead
▼ + stars: | 2023-07-31 | by ( Claire Fahy | ) www.nytimes.com time to read: +3 min

Image Sam Kerr of Australia said she would be “definitely” be available to play against Canada. The Australians entered this Women’s World Cup as co-hosts looking to win the tournament on home soil, and quickly struggled. Now, the Australians are in a fight for their tournament lives, effectively needing a win over Canada to advance. The good news is that Kerr is back, as she said on Saturday that she would be available against Canada. Japan vs. Spain Japan and Spain are both safely advancing to the round of 16.

Persons: Sam Kerr, Bradley Kanaris, scrappy Ireland, Kerr, “, Randy Waldrum Organizations: Canada, Australia, Japan, Spain, Ireland, Costa Locations: Australia, Nigeria, Canada, Canadian, Spain Japan, Spain, Japan, Costa Rica, Zambia, Costa Rica’s

☆ Powerful England and Underdog Haiti Among Teams Trying to Make Moves
▼ + stars: | 2023-07-27 | by ( Claire Fahy | ) www.nytimes.com time to read: +2 min

The uncertainty that comes with every World Cup has finally shown its face. Beating Denmark handily would help England after its narrower win over Haiti, 1-0, last week. It took 90 minutes for the Danes to score in their opening game and eventually come out on top against China, 1-0. Still, the Haitians held England to a single goal — a penalty — in their opening game of the tournament. Playing in its fourth World Cup, Argentina is still hunting for its first-ever win.

Persons: Danes Organizations: Australia, New, Denmark, Haiti, European, Danes, China, South Locations: Nigeria, Philippines, New Zealand, Norway, England, Haiti, Denmark, Japan, Sweden, China, Haiti Haiti, United States, soccer, Argentina, Africa South Africa, South Africa, Dunedin , New Zealand, Italy

☆ Dollar slips as Fed's rate-hike cycle seen ending
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: +3 min

A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. While Fed Chair Jerome Powell left the door open to another hike in September, traders were unconvinced, sending the U.S. dollar broadly lower. Sterling steadied at $1.2935, having eked out a slight gain against the dollar in the previous session. A dovish pivot from the Fed will likely exert a downward pressure on the U.S. dollar in the medium term." BOJ Governor Kazuo Ueda was quoted as saying at a key government meeting on Wednesday that the central bank will maintain accommodative monetary conditions for companies.

Persons: Jerome Powell, Sterling steadied, Emin Hajiyev, Nadia Gharbi, Kazuo Ueda, Jarrod Kerr Organizations: Federal Reserve, Fed, U.S, Insight Investment, ECB, Pictet Wealth Management, Bank, Australian, Reserve Bank of Australia, Communist Party Locations: Karachi, U.S

☆ Women’s World Cup: Australia Faces Its Injuries, While Newcomers Face Off
▼ + stars: | 2023-07-27 | by ( Claire Fahy | ) www.nytimes.com time to read: +3 min

Thursday’s World Cup matches feature unlikely upstarts who faced top contenders in their opening games and fared better than most expectations. Portugal and Vietnam, both World Cup debutantes, will be vying on Thursday for their first-ever wins. Australia vs. Nigeria Australia will be without star striker Sam Kerr for a second straight game. Nigeria is emerging as a threat after its performance against Canada, but is also no stranger to the World Cup stage — the Nigerians advanced to the round of 16 in 2019 and have qualified for all nine World Cup tournaments. Playing in its fourth World Cup, Argentina is still hunting for its first-ever win.

Persons: Bradley Kanaris, Sam Kerr, Kerr, upstarts, Thi Kim Thanh Tran, Alex Morgan, Simply, Mary Fowler, Aivi Luik, Tony Gustavsson, Fowler, Luik Organizations: Australia, Canada, ., Nigeria, Ireland, South Locations: Portugal, Vietnam, Nigeria, Australia, Nigerian, Vietnam Portugal, Netherlands, United States, American, . Nigeria Australia, Argentina, Africa South Africa, Sweden, South Africa, Dunedin , New Zealand, Italy

☆ S&P 500 futures are flat ahead of a busy week of earnings, Fed meeting: Live updates
▼ + stars: | 2023-07-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Sunday evening as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve. The S&P 500 finished the week up by 0.7% at 4,536.34, while the Nasdaq Composite fell 0.6% in the same period to 14,032.81. The week ahead is also set to be the busiest one of earnings season, with Thursday being the most intense day. About 40% of the Dow and 30% of the S&P 500 will give their financial updates during the week, including Alphabet, Microsoft and Meta. Several big pharma companies are getting ready to report and it's a big week for industrial companies and big oil as well.

Persons: Noah Hamman, Fundstrat's Tom Lee, Jerome Powell, They're, —, Robert Hum, Sarah Min Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Microsoft, Meta, pharma

☆ Mixed reviews from England's 1-0 World Cup opener vs upstart Haiti
▼ + stars: | 2023-07-23 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

Their 11 shots on target were the most in a World Cup game since 2011, and Alessia Russo's five shots on net were the most by an England player since then. Denmark eked out a 1-0 victory over China in the opener of their first World Cup appearance in 16 years on a late goal by Amalie Vangsgaard, joining the Lionesses atop Group D with three points apiece. "First time in a World Cup and having a performance like that, I think the other two countries (Denmark and China) are going to really struggle with them," Wiegman said. Considering the gang violence and political collapse plaguing that country, just qualifying for the World Cup - they were one of the last three teams to clinch a spot - was victory in itself. "We weren't sure how we were going to play, but we were able to pull it out of the bag.

Persons: Lionesses, Karen Bardsley, Alessia, Saturday's, Mary Earps, Roseline Eloissaint, Amalie Vangsgaard, Sarina Wiegman, Melchie Dumornay, Wiegman, that's, I'm, Nicolas Delepine, We've, Lori Ewing, Jacqueline Wong Organizations: BBC Radio, Georgia Stanway, Manchester United, Thomson Locations: BRISBANE, Australia, England, Austria, Denmark, China, Haiti, Lyon, Dominican Republic, Caribbean

☆ CNBC Daily Open: Markets care more about expectations than numbers
▼ + stars: | 2023-07-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Prior to the start of the second-quarter earnings season, investor relations departments and analysts massaged expectations downwards. More than three quarters of S&P companies that have reported results have exceeded expectations, according to FactSet data. "Right now, short-term optimism is higher than we've seen since December 2021, right before the start of the 2022 bear market."

Persons: Goldman Sachs, Michael Nagle, Goldman, Darla Mercado, Gina Francolla, Tom De Luca, De Luca, we've Organizations: Bloomberg, Getty, CNBC, Dow Jones, Nasdaq, Vanguard Locations: New York

☆ Asia shares slip as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. Investors are waiting for clearer signs that inflation is cooling, with the readings on U.S. retail sales and industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May, strong enough to keep the soft landing scenario without rekindling worries about inflation. The Fed, European Central Bank and Bank of Japan are holding policy reviews next week. The U.S. dollar index dipped slightly to 99.71 in Asia trade, having struck its lowest since April 2022 on Friday.

Persons: Lam, Morgan Stanley, Goldman Sachs, Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore, Sam Holmes Organizations: Hong Kong Exchanges, REUTERS, Federal, Bank of America, Natixis Corporate, Investment Bank, The, European Central Bank and Bank of Japan, Japan's Nikkei, ECB, Fed, Bank of England, U.S, Bank of Japan, Thomson Locations: Hong Kong, China, HONG KONG, Asia, Pacific, Japan

☆ Asia shares slip further as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May. The U.S. Federal Reserve, European Central Bank and Bank of Japan are holding policy reviews next week. A possible divergence of U.S. Federal Reserve and European Central Bank on rate hikes has recently caused dollar to weaken.

Persons: Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore Organizations: Natixis Corporate, Investment Bank, The U.S . Federal Reserve, European Central Bank and Bank of Japan, Japan's Nikkei, . Federal Reserve, European Central Bank, Fed, Bank of England, Bank of Japan, U.S, Thomson Locations: HONG KONG, Asia, Pacific, Japan, Hong Kong, China

☆ Earnings playbook: Netflix and Tesla are set to report this week as reporting season ramps up
▼ + stars: | 2023-07-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

Tuesday Bank of America is set to report earnings before the bell, followed by a call at 8:30 a.m. Morgan Stanley is set to report earnings in the premarket, with a conference call slated for 9:30 a.m. Wednesday Goldman Sachs is set to report earnings before the market opens, followed by a call at 9:30 a.m. Tesla is set to report earnings after the close, with a call slated for 5:30 p.m. What history shows: Netflix earnings have exceeded earnings expectations in seven of the last 10 quarters, FactSet data shows.

Persons: Wells, Keith Horowitz, Morgan Stanley, Morgan Stanley's, BofA's Ebrahim Poonawala, Morgan, Goldman Sachs, Marcus, Goldman, UAL, Leslie Josephs, Scott Kirby's, Tesla, Toni Sacconaghi, NFLX, AAL Organizations: Tesla, Netflix, United Airlines, JPMorgan Chase, Citigroup, JPMorgan, Tuesday Bank of America, Refinitiv, CNBC, Bank of America, Citi, Goldman, IBM, Thursday, Airlines, Northeast U.S, JetBlue, Northeast Alliance Locations: America, Wells Fargo, Newark, Northeast

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