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This meant the U.S. dollar index , which measures the greenback against a basket of currencies, fell as low as 101.5, its lowest since the end of May. Markets expect policymakers at the Bank of England and European Central Bank (ECB), which also meet next week, to deliver 50 bps rate hikes. The Canadian dollar traded at 1.3387 per U.S. dollar, after the Bank of Canada on Wednesday raised its key interest rate to 4.5% but became the first major central bank fighting global inflation to say it would likely hold off on further increases for now. He said the pullback in Fed rate hike expectations following the BoC’s policy decision had triggered a US dollar sell-off alongside Canadian dollar weakness, which "highlights that the US dollar remains vulnerable to a further dovish repricing of Fed rate hike expectations." Reporting by Rae Wee and Alun John; Editing by Bradley Perrett and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Czech interest rates should stay higher for longer, Kubelkova says
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +2 min

PRAGUE, Jan 23 (Reuters) - Keeping the Czech National Bank's interest rates higher for a longer period would work better against inflation than implementing further hikes only to reverse them soon after, central bank board member Karina Kubelkova said. Since joining the central bank last July, Kubelkova has been part of the majority in favour of stable rates. "Especially in the current situation, holding rates higher for a longer time is a strategy that works better (than raising rates further and then cutting them)," Kubelkova said in an interview published on Monday by daily paper Hospodarske Noviny. "The transmission into the real economy will be bigger than moving the (main) rate higher and back over a short time," she said. Analysts see rates staying stable for the first half of 2023 before the bank begins lowering borrowing costs.

☆ Dollar subdued as growth concerns mount, yen retreats
▼ + stars: | 2023-01-20 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The dollar index , which measures the U.S. currency against six peers, rose 0.069% to 102.090, not far off the seven-month low of 101.51 it touched on Wednesday. The index is down 1.3% so far this year after sinking 7.7% in the last three months of 2022 as investors bet that the Federal Reserve will slow the pace of its interest rate hikes. With little economic data scheduled on Friday, Kong said currency market moves will hinge on overall risk sentiment, with major currencies likely to trade in narrow ranges. ING economists said the intense scrutiny of the U.S. growth story means that the dollar remains vulnerable to data releases as markets keep scaling back Fed rate expectations. The Australian dollar rose 0.14% versus the U.S. currency to $0.692.

☆ Jim Cramer's top 10 things to watch in the market Friday: Banks swoon, Tesla cuts prices
▼ + stars: | 2023-01-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Bank of America (BAC) fourth-quarter earnings of 85 cents per share beat estimates; revenue of $24.66 billion did, too. Citigroup (C) says fourth-quarter net income fell by more than 20% — investment banking drag masks higher rate benefit. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Yen jumps, dollar in retreat ahead of U.S. inflation data
▼ + stars: | 2023-01-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The yen last bought 131.50 per dollar. "The report is likely to add to the (yen) optimism," said Saktiandi Supaat, regional head of FX research and strategy at Maybank. Elsewhere, the dollar was adrift ahead of the closely watched U.S. inflation data, which could provide more clarity on how much inflation in the world's largest economy has moderated and on the Federal Reserve's rate-hike path. The U.S. dollar index fell 0.07% to 103.05, not far off its seven-month low of 102.93 hit earlier in the week. Data released on Thursday showed that Australia's trade surplus unexpectedly widened in November and came in well above forecasts.

☆ Yen jumps; dollar tentative ahead of U.S. inflation data
▼ + stars: | 2023-01-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The yen last bought 131.92 per dollar. "The report is likely to add on to the (yen) optimism," said Saktiandi Supaat, regional head of FX research and strategy at Maybank. Elsewhere, the dollar stood cautiously steady ahead of the closely watched U.S. inflation data out later on Thursday, which will provide more clarity on how much inflation in the world's largest economy has tamed and on the Federal Reserve's rate-hike path. Australian inflation data released on Wednesday showed that annual inflation re-accelerated to 7.3% in November, after a surprise dip to 6.9% in October, underscoring the challenge facing the Reserve Bank of Australia as it tries to cool the economy. The Chinese offshore yuan rose to a five-month top of 6.7545 per dollar on Thursday.

☆ Evercore ISI's top picks for 2023 include a tech comeback story and a car racing play
▼ + stars: | 2023-01-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Finding opportunities amid the market volatility is "mission critical," and there are several to be had this year, according to Evercore ISI. The Wall Street firm is predicting an economic and earnings recession, catalyzing a "cathartic" volatility spike in 2023. "Alpha opportunities are surfacing in 2022's wreckage from inflation's breakout resulting in record tightening, catalyzing a stock/bond correlated decline. With that in mind, Evercore came up with its top stock picks for 2023. The streaming company should enjoy a comeback this year, after losing 51% in 2022, according to analyst Mark Mahaney.

The Romanian central bank said slower economic growth and cheaper energy would help bring inflation down to single digits this year from over 16% now, earlier than previously forecast. "So the main question is when inflation in the region will fall enough that central banks will be willing to start normalising monetary conditions." Inflation is still expected to rise in early 2023 in some central European countries, based on central bank forecasts, before returning to single-digit territory by year-end. "This will help to improve external positions and lower inflation pressures in Central and Eastern Europe." "Given the dovish bias around the growth-inflation trade-off at Poland's central bank, we think the risk of premature policy easing is greatest there."

Property investment in November fell the fastest since the statistics bureau began compiling data in 2000, down 19.9% on year. "Although property sales and starts will likely be slightly weaker than in 2022, property will be much less of a drag on the economy than in 2022." Reuters GraphicsHOUSING DEMANDShares in embattled Chinese property developers have gained 86% since the trough in October, buoyed by a string of property easing measures and the COVID policy u-turn. "We may be close to see some bottoming out in housing demand …but I don't think we're quite there yet," he said. The latest China Beige Book private economic survey was more blunt: "But forget a return to days of old: it will take considerable policy support in 2023 just to pull property out of the gutter."

☆ Look to REITs for an inflation hedge and better cash flow than stocks, says strategist
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLook to REITs for an inflation hedge and better cash flow than stocks, says strategistInvestors can take advantage of repricing in public listed markets for real estate, which hasn't fully hit private markets, says Uma Moriarity, investment strategist for CenterSquare Investment Management.

Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system's massive cash surplus, data showed. Public issues were only to the tune of around 80 billion rupees. Indian companies raised 127.1 billion rupees and 175.3 billion rupees through public issues in 2020 and 2021 respectively, SEBI data showed. Fundraising through private placement stood at 8 trillion rupees and 6.31 trillion rupees respectively. "I think public issues are rising because the repricing of bank fixed deposits was very gradual, while public issues are realigning to market realities much faster," said Sudhir Agrawal, executive vice president and fixed income fund manager at UTI Mutual Fund.

☆ The Great Tesla Stock Repricing
▼ + stars: | 2022-12-27 | by ( Holman W. Jenkins | ) www.wsj.com time to read: 1 min

Holman W. Jenkins Jr. is a member of the editorial board of The Wall Street Journal. Mr. Jenkins joined the Journal in May 1992 as a writer for the editorial page in New York. In February 1994, he moved to Hong Kong as editor of The Asian Wall Street Journal's editorial page. Mr. Jenkins won a 1997 Gerald Loeb Award for distinguished business and financial coverage. Born in Philadelphia, Mr. Jenkins received a bachelor's degree from Hobart and William Smith Colleges and a master's degree in journalism from Northwestern University.

While governments worldwide are grappling with high inflation and low growth, UK policymakers are still rebuilding fiscal and political credibility following the brief, chaotic premiership of Liz Truss. Worries about growth are leading some investors to limit their holdings of the pound and British debt. Reuters GraphicsForeign investors have traditionally been attracted by Britain's strong rule of law, stable governance and thriving financial and professional services sector. In the latest data, up to the second quarter of this year, FDI represented more than half the net outflow - a result of strong UK investment abroad but weak inward investment too. Stephen Welton, executive chairman of major growth capital investor BGF, said attracting foreign investment was like a global competitive sport - one that Britain had previously excelled at.

Summary Hawkish central banks dampen hopes of peak ratesEuro zone bonds yields surgeHawkish message a reality check for markets -analystsLONDON, Dec 15 (Reuters) - Forget a year-end rally in financial markets. The message from major central banks is loud and clear: the battle to tame inflation is far from over. Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace of aggressive rate moves. European Central Bank President Christine Lagarde said to expect more 50-basis-point rate increases for a period of time and that the ECB was not "pivoting" yet. Such sharp moves loosen the very financial conditions that central banks are trying to tighten in order to contain inflation.

☆ JP Morgan asset managers buck the doomsayers of Wall Street, predicting a better 2023 for stocks and bonds
▼ + stars: | 2022-12-09 | by ( Anil Varma | ) www.businessinsider.com time to read: +5 min

JP Morgan Asset Management sees a better 2023 for stocks, even as big Wall Street banks warn of sharp falls. "The worst of the market volatility is behind us and both stocks and bonds look increasingly attractive," JP Morgan Asset said. More interest-rate rises look limited, bringing some cheer for markets in 2023, top asset manager Janus Henderson agreed. Here's a selection of commentary and predictions from the two asset managers on 2023 investment prospects. JP Morgan Asset Management"Our base case sees a moderate recession in most major developed economies in 2023.

☆ UK property demand slides 44% after market-rocking mini-budget, study shows
▼ + stars: | 2022-11-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

In the wake of the budget, a record number of mortgage deals were pulled and many lenders paused offerings as they assessed the volatility. Buyer demand fell 44% year-on-year in the four weeks to Nov. 20, according to property website Zoopla, while new property sales declined 28%. Although a fall in house prices is widely predicted, the company's predictions are less bearish than others. It puts U.K. house price growth at 7.8% year-on-year. We do not see any evidence of forced sales or the need for a large, double digit reset in U.K. house prices in 2023," its report said.

☆ 'Compelling' and 'attractive': These stocks are firing on all cylinders, JPMorgan says
▼ + stars: | 2022-11-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Analysts at JPMorgan said this week there's a whole host of stocks that they say are flying under the radar. CNBC Pro combed through top JPMorgan research to find some unique stocks that are just too compelling to ignore. At the same time, Allstate's low stock valuation is "compelling," with a "depressed multiple on depressed earnings." With visibility improving, now's the time to buy the stock, JPMorgan concluded. ... .Our positive view reflects an expected recovery in margins & ALL's compelling valuation.

The dollar index rose less than expected in October prompted bets the Fed would scale back its hefty interest rate hikes. Waller did say that the Fed could now start thinking about hiking at a slower pace. The comments, however, poured cold water on investor hopes for a "rapid Fed recalibration," said Adam Button, chief currency analyst at ForexLive in Toronto. The euro fell 0.24% against the dollar to $1.0322, after rising to a three-month high during Asian trading hours. The dollar index, which gauges the greenback against a basket of six other major currencies including the euro, yen, and sterling, rose 0.74% to 107.072.

☆ U.S. dollar surges as traders say markets overreacted to U.S. inflation data
▼ + stars: | 2022-11-14 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

But Governor Christopher Waller flagged on Sunday that the inflation print was "just one data point" and that other similar readings would be needed to show convincingly that inflation was slowing. Waller did add, however, that the Fed could now start thinking about hiking at a slower pace. The euro fell 0.6% against the dollar to $1.0284 at 1130 GMT, after rising to a three-month high during Asian trading hours. The dollar index, which gauges the greenback against a basket of six other major currencies including the euro, yen, and sterling, rose 0.4% to 107.14. The risk-sensitive Australian and New Zealand dollars slipped, giving up some gains made after China moderated its zero COVID strategy.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Coinbase, AMD, Boeing & more
▼ + stars: | 2022-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Bank of America reiterates Tesla as equal weight Bank of America cut its price target on Tesla to $275 per share from $325 and said it sees sales volume headwinds. Read more about this call here Citi downgrades Bank of America to neutral from buy Citi said the risk/reward outlook for Bank of America is skewed to the downside. Baird upgrades Advanced Micro Devices to outperform from neutral Baird said demand for the semiconductor company's products remains strong. " JPMorgan downgrades Teva to underweight from neutral JPMorgan said that it's concerned about slowing growth. " Bank of America removes Amazon from the US1 list Bank of America removed Amazon from the firm's top picks list.

Nov 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Asian markets kick off the trading week on Monday, with investors probably still reeling from what was one of the most dramatic weeks in recent market history. The week ahead surely won't be anywhere near as volatile. As market participants regroup, reassess, and re-position, the week ahead is packed with the regular flow of economic data and policymaker speeches. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. The euro touched $1.003 in Asia trade, its highest in nearly two weeks, before sliding to trade down a touch straddling the $1 level. The Japanese yen hit a one-week high of 146.35 per dollar. COVID POLICYAnother factor that has weighed on the dollar in recent days was speculation that China might relax aspects of its dynamic zero COVID policy.

☆ Andreessen Horowitz just backed a startup that specializes in company director insurance. Here's the 13-slide pitch deck Anzen used to raise $10 million.
▼ + stars: | 2022-11-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

A startup focusing on insurance for company directors and officers just raised $10 million. Check out the 13-slide pitch deck Anzen used to raise the new capital below. Anzen, a US insurance startup focused on executive liability, has raised $10 million in fresh funding. Anzen's funding comes from Andreessen Horowitz, alongside Japanese insurance companies MS&AD Ventures and, Tokio Marine. In addition, AmTrust Financial and Greenlight Re joined the round as insurance partners for the company along with Everest Re.

☆ Sterling rises but gloomy economic outlook remains in focus
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

At 1000 GMT, the pound was up 0.61% against the dollar at $1.14405, and 0.35% higher versus the euro at 87.260 pence per euro. But analysts remain gloomy about the prospects for the currency given the economic outlook. "The combination of a highly concerning economic outlook and a forced dovish repricing in rate expectations look set to keep the pound rather unattractive," ING analysts wrote in a note. Quarterly GDP growth figures on Friday will also provide an important signal for the state of the UK economy. Reporting by Lucy Raitano; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Watch CNBC's full interview with Cantor Fitzgerald's Eric Johnston
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cantor Fitzgerald's Eric JohnstonEric Johnston, Cantor Fitzgerald's head of equity derivatives and cross-asset strategy, joins 'Closing Bell' to discuss the market repricing the chances of a soft landing, the ability for markets to maintain the current rally and signs of inflation falling in pockets of the economy.

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