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☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Microsoft, Netflix, Amazon, Sunrun & more
▼ + stars: | 2023-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

This is relevant to Apple as we estimate that Google pays Apple ~$20bn for being the default search engine across iOS devices." Goldman Sachs reiterates Microsoft as buy Goldman says it's staying bullish heading into Microsoft earnings next week. Deutsche Bank reiterates Disney as buy Deutsche Bank says it sees an "attractive setup" heading into earnings in early May. HSBC upgrades Nvidia to buy from reduce HSBC said in its double upgrade of Nvidia that it's "all about AI." Deutsche Bank reiterates Amazon as buy Deutsche says it's standing by its buy rating on the e-commerce giant ahead of earnings later this month.

☆ Instant View: Here’s what experts think of India's surprise rate decision
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +16 min

The monetary policy committee (MPC) retained the key lending rate or the repo rate (INREPO=ECI) at 6.50% in a unanimous decision. With the likely softening of CPI to the low- to mid-5% levels in the coming month, the current repo rate of 6.5% implies that India’s real policy rate will hover around 1% during 2023-24, while maintaining a policy rate differential of about 1.5% with the US. Room for additional rate hikes has been retained with MPC’s policy stance continuing to remain unchanged at ‘withdrawal of accommodation’. We believe the bar for future rate hikes has increased, especially since near-term prints of CPI will be sub 6%. Scope for further hikes is limited given our growth-inflation outlook and impact of the past rate hikes on the same.

☆ India c.bank set to raise rates 25 bps on elevated inflation, keep hawkish stance
▼ + stars: | 2023-04-06 | by ( Swati Bhat | ) www.reuters.com time to read: +3 min

The central bank has already raised rates by 250 basis points since May last year. Core inflation, which excludes volatile food and energy components, was also expected to have stayed high between 6.05%-6.12% in February, according to estimates from three economists. "The policy space to focus on inflation is lent by domestic growth conditions holding-up, supported by urban consumption and services sector recovery," Sen Gupta said. Early signs of a slowdown in India are also visible in easing imports and plateuing bank credit demand. The Reuters Poll showed that a majority of respondents, 20 of 36, expect the central bank would maintain its 'withdrawal of accommodation' stance while the remaining 16 said it would shift to neutral.

The central bank said its policy stance remains focused on "withdrawal of accommodation", signalling it could consider further rate hikes if necessary. The monetary policy committee (MPC), comprising three members from the central bank and three external members, retained the key lending rate or the repo rate (INREPO=ECI) at 6.50%. Most analysts had expected one final 25 basis point hike in the RBI's current tightening cycle, which has seen it raise the repo rate by a total 250 bps since May last year. The central bank sees inflation at 5.2% in 2023-24, and GDP growth is seen at 6.5% in the financial year beginning April 1. Reuters GraphicsFinancial stability concerns appear to have prompted the pause in rate hikes, said Aditi Nayar, chief economist at rating agency ICRA.

☆ BoE might need to cut rates sooner than thought, Tenreyro says
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 4 (Reuters) - The Bank of England will probably need to start cutting interest rates sooner than previously thought after raising them sharply in recent months despite signs of weaker inflation pressures, monetary policymaker Silvana Tenreyro said on Tuesday. Investors currently put a 75% chance on a further quarter-point rate hike by the BoE in May and more than a 50% probability on another such increase by August. "With Bank Rate moving further into restrictive territory, I think a looser stance is needed to meet the inflation target in the medium term," she said. Tenreyro used her speech mostly to explain the BoE's bond-buying and bond-selling programmes. Reporting by David Milliken Writing by William SchombergOur Standards: The Thomson Reuters Trust Principles.

KARACHI, Pakistan, April 4 (Reuters) - Pakistan's central bank raised its key interest rate by 100 basis points to a record 21% on Tuesday, as the cash-strapped country stepped up its fight against soaring consumer prices. Investors polled by Reuters had expected an even-bigger rate hike of 200 basis point from the State Bank of Pakistan (SBP), which is facing on consumer price inflation that hit a record annual level of just over 35% in March. Worldwide growth in consumer prices has compounded high inflation in Pakistan caused by a weakening currency, energy tariff increases and elevated food prices due to Ramadan. The SBP has hiked the key rate by cumulatively by 1025 bps since January 2022. In early March, the bank raised its key rate by 300 basis points to 20%, exceeding market expectations, likely to meet a key requirement of the IMF for release of bailout funds.

☆ Most Middle Eastern bourses in black on US inflation data
▼ + stars: | 2023-04-02 | by ( Ateeq Shariff | ) www.reuters.com time to read: +2 min

Most Gulf currencies are pegged to the U.S. dollar, and Qatar, Saudi Arabia and the United Arab Emirates usually mirror any monetary policy change in the United States. Saudi Arabia's benchmark index (.TASI) gained 0.4%, with Retal Urban Development Co (4322.SE) rising 0.5% and petrochemical maker Saudi Basic Industries Corp (2010.SE) closing 1.7% higher. Oil prices - a key catalyst for the Gulf's financial markets - rose by more than a dollar per barrel on Friday, on tightening supplies and cooling U.S. inflation. The Central Bank of Egypt (CBE) raised its overnight interest rate by 200 basis points (bps) on Thursday following a meeting of its Monetary Policy Committee (MPC), saying it aimed to bring high inflation into check. In Qatar the index (.QSI) dropped 1.2% as natural gas prices remained under pressure.

☆ Egypt's cenbank raises interest rates by 200 bps to tame inflation
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

March 30 (Reuters) - The Central Bank of Egypt (CBE) raised its overnight interest rates by 200 basis points (bps) on Thursday following a meeting of its Monetary Policy Committee (MPC), saying it aimed to bring high inflation into check. The bank set the lending rate at 19.25% and the deposit rate at 18.25%. The median forecast in a Reuters poll of 15 analysts on Monday was for the bank to increase rates by 200 bps as it struggled to control surging inflation. In February, headline inflation soared to a five-and-a-half-year high of 31.9% from 25.8% in January. "Real GDP growth is expected to soften in fiscal year 2022/23 compared to the previous fiscal year, before picking up thereafter."

It's time to buy Marathon Petroleum , according to Goldman Sachs. Marathon Petroleum was previously its top pick within the refining oil segment from 2018 to 2022, but was "prematurely" downgraded to neutral, Goldman said. Analyst Neil Mehta upgraded the stock again, saying that he still sees momentum for the stock's return of capital and execution. Marathon Petroleum shares were up more than 1% following the upgrade. MPC 1D mountain Marathon Petroleum shares —CNBC's Michael Bloom contributed to this report.

☆ RBI to raise rates once more on April 6 but leave door open for more - Reuters poll
▼ + stars: | 2023-03-29 | by ( Madhumita Gokhale | ) www.reuters.com time to read: +3 min

A majority of economists in the March 23-28 Reuters poll also said the RBI would then keep the rate steady for the rest of the year. A majority of respondents, 20 of 36, said the central bank would maintain its withdrawal of accommodation stance at the April meeting. Until that is behind us, the RBI probably will not be very comfortable in signalling that they are done with rate hikes," said QuantEco's Kumar. In last month's poll, all economists said the bigger risk was it would be higher than they predicted. The Indian economy was forecast to grow 6.9% this fiscal year and then slow to 6.0% in the next.

Obrador's decision to roll back reforms aimed at opening Mexico's power and oil markets to outside competitors sparked the trade dispute. If not, the U.S. will request an independent dispute settlement panel under the Unites States Mexico Canada Agreement, or USCMA, they said. The United States and Canada demanded dispute settlement talks with Mexico in July - 250 days ago. Under USMCA rules, after 75 days without a resolution, they were free to request a dispute settlement panel, a third party that rules on the case. In my view, it’s long past time to say enough is enough and escalate this into a real dispute settlement case," Wyden said.

☆ BoE's Bailey says rate-setters can put inflation before bank worries
▼ + stars: | 2023-03-27 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

LONDON, March 27 (Reuters) - Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on fighting inflation and would not be swayed unduly by worries about the health of the global banking system. Some investors have argued that central banks should take into account the banking turmoil when setting interest rates. "With the Financial Policy Committee on the case of securing financial stability, the Monetary Policy Committee can focus on its own important job of returning inflation to target," Bailey said. As well as the BoE, the European Central Bank, U.S. Federal Reserve and Swiss National Bank have all raised interest rates this month, despite the high-profile bank failures including Silicon Valley Bank and Credit Suisse. Bailey repeated the BoE's view that further monetary tightening would be required if signs of persistent inflationary pressure became evident.

☆ Bank of England raises interest rates again, sees inflation falling
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +5 min

Sounding more upbeat about the outlook for the country's slow pace of economic growth, the BoE's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%. "The MPC will continue to monitor closely any effect on the credit conditions faced by households and businesses, and hence the impact on the macroeconomic and inflation outlook," it said. On Wednesday, the U.S. Federal Reserve raised its main interest rates by a quarter of a percentage point, and indicated it was on the verge of pausing further increases. However, it said it expected wages to rise slightly less than it had previously forecast, as inflation expectations fell. The BoE was the first major central bank to start raising rates in December 2021 and until this week had seemed likely to join the Bank of Canada which this month stopped raising borrowing costs.

☆ BoE will struggle to keep calm and carry on hiking
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

Stung by persistently high inflation, the Bank of England extended its run of interest rate increases to 11, bringing the base rate to 4.25%. Even the Swiss National Bank lifted its benchmark rate by 50 basis points on Thursday, four days after seeing Credit Suisse (CSGN.S) collapse into UBS’s (UBSG.S) arms. The BoE expects inflation to drop below its 2% target by June next year. But with GDP set to contract in 2023 and 2024, Bailey doesn’t have that much room to add to his rate-hiking run. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Explainer: How resilient are Indian lenders amid a global banking turmoil?
▼ + stars: | 2023-03-20 | by ( Siddhi Nayak | ) www.reuters.com time to read: +5 min

He does not foresee a direct impact of the global banking turmoil on Indian banks. HOW WELL CAPITALISED ARE INDIAN BANKS? Reuters GraphicsHOW ARE INDIAN BANKS' BOND PORTFOLIOS PERFORMING? Indian banks are not facing the same level of pressure on their bond portfolios as U.S banks because Indian interest rates have risen less. If Indian banks mark their held-to-maturity (HTM) investments to market, it would bring down their CET-1 capital by 12-25%, estimates Moody's Investors Service.

☆ Want to invest in companies that empower women? Here's what you need to know
▼ + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Target, Goldman Sachs, Meta, FedEx & more
▼ + stars: | 2023-03-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Bank of America reiterates Goldman Sachs as buy Bank of America said the investment bank is "best-in-class." Bank of America reiterates Taiwan Semiconductor as buy Bank of America said the semiconductor company has "strong AI potential." Evercore ISI reiterates Meta as a top pick Evercore named Meta a top pick, noting it still likes the company's business model. " Evercore ISI reiterates Meta as a top pickEvercore named Meta a top pick, noting it still likes the company's business model. Oppenheimer reiterates Meta as outperformOppenheimer said it's standing by its outperform rating on Meta.

Despite recent signs that Britain's economy may be holding up better than some economists had feared, Dhingra stuck to her view that the BoE risked harming the economy unnecessarily by raising rates too high. Along with Silvana Tenreyro, Dhingra voted last month to leave interest rates on hold at 3.5%, while the other seven members of the Monetary Policy Committee voted through an increase to 4%. Dhingra on Wednesday stressed that the risk of too-high interest rates were a larger threat than the risk of embedded inflation pressure. Dhingra said she did not think either wage growth or inflation expectations offered good evidence of persistent domestically generated inflation pressures. "Those who put too much weight on those numbers, I think should have that in mind as well," she said.

☆ Sterling slips after BoE's Mann warns of risks for the pound
▼ + stars: | 2023-03-07 | by ( Joice Alves | ) www.reuters.com time to read: +2 min

LONDON, March 7 (Reuters) - Sterling slipped against the U.S. dollar on Tuesday, after a Bank of England (BoE) rate-setter warned that the pound could be vulnerable to Federal Reserve and European Central Bank (ECB) outlooks. The pound could depreciate if investors have not yet fully priced in hawkish messages from central bank peers, Catherine Mann told Bloomberg Television in an interview. "The important question for me with regard to the pound is how much of that existing hawkish tone is already priced into the pound," she said. Traders are also attaching a 93% chance of a 25-basis-point rate increase when the central bank meets to decide policy on March 23. There's no probability priced in that the bank could raise rates by more than that.

☆ Polish c.bank governor Glapinski to hold press conference on Thursday
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: 1 min

WARSAW, March 6 (Reuters) - Polish central bank governor Adam Glapinski will hold a press conference at 1400 GMT on Thursday, the bank said on Monday. Poland's Monetary Policy Council (MPC) meets to decide on interest rates on Tuesday and Wednesday. Reporting by Pawel FlorkiewiczOur Standards: The Thomson Reuters Trust Principles.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Alphabet, Kroger, Meta, Silvergate, UPS & more
▼ + stars: | 2023-03-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as a top pick Morgan Stanley said it sees a "catalyst rich event path" for the tech giant. Morgan Stanley names Alphabet, Amazon and Meta top AI picks Morgan Stanley named Alphabet, Amazon and Alphabet as top picks and said AI is at an inflection point. Barclays reiterates Alphabet as overweight Barclays said it's standing by its overweight rating on the stock but sees it range-bound for the foreseeable future. Morgan Stanley reiterates Eaton as a top pick Morgan Stanley said it sees several cyclical growth drivers for the multination power management company. Morgan Stanley names Eli Lilly as a catalyst driven idea Morgan Stanley named Eli Lilly as a catalyst driven idea, saying that the stock "levered" to a likely positive outcome from upcoming obesity drug trials.

☆ Top 10 things the Club is watching in the stock market Friday
▼ + stars: | 2023-03-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Club holding Costco (COST) was a little disappointing Thursday evening, with an earnings beat overshadowed by some softer February trends. Analysts outline five "underappreciated catalysts" that they think will drive a re-rating of the Club holding in the next twelve months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

"Some further increase in Bank Rate may turn out to be appropriate, but nothing is decided," Bailey added. Bailey said that the economy had developed largely as expected since the BoE raised rates on Feb. 2. "Inflation has been slightly weaker, and activity and wages slightly stronger, though I would emphasise 'slightly' in both cases," he said. Bailey also highlighted how the central bank shifted its language in February, when it said further tightening would be required if there was evidence of more persistent inflation pressures. But two MPC members - Swati Dhingra and Silvana Tenreyro - voted in February to pause the rate hikes.

LONDON, Feb 23 (Reuters) - Bank of England interest rate-setter Catherine Mann said on Thursday that it was too soon to say the risks posed by the surge in inflation last year had eased and that the central bank should continue to raise borrowing costs. The BoE raised interest rates to 4% earlier this month but signalled it was close to ending a run of increases which began in December 2021. She has previously argued in favour of raising borrowing costs sharply in the face of an inflation rate that remains above 10%, even though the BoE has forecast that it will fall sharply this year. Two other members of the Monetary Policy Committee - Swati Dhingra and Silvana Tenreyro - voted to pause the rate hikes at this month's meeting. Mann also said that she believed that in normal times, interest rate changes took their full effect faster than the 18-24 months which economists have previously estimated.

☆ A 'cocktail' of sticky inflation and a tight labor market boosts Bank of England rate hike bets
▼ + stars: | 2023-02-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | ReutersLONDON — A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest. "However food prices remain a major driver of U.K. inflation, continuing their upwards march in January with an eye-watering 16.8% increase. Bank of England Governor Andrew Bailey last week urged workers and employers to consider the expected downward inflation trajectory when negotiating pay settlements. "The cocktail of a tight labour market and inflation failing to cool off quickly will remain a cause of concern for Bank of England policymakers, which may mean the Bank's aggressive strategy stays in place," Carter added.

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