Eventual 2, 3% inflation in the U.S. is „very acceptable“ outcome, given the conditions that the Federal Reserve had to grapple with.
Archiv für den Monat: November 2023
Burberry shares sink 9% as luxury spending slowdown bites
Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts
Xi says U.S. and China can only be adversaries or partners, with no middle ground
Chinese President Xi Jinping told U.S. business executives Wednesday the two countries have to choose between being adversaries or partners.
U.S. and China agree to resume military talks. Takeaways from the Biden-Xi summit
U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.
Walmart shares slide as retailer gives a cautious outlook about consumer spending
Walmart beat earnings expectations as its sales rose, but the company offered a cautious outlook for the rest of the year.
Macy’s stock pops as inventory, margin improvement help profit beat estimates
Macy’s earnings easily topped Wall Street’s expectations.
Alibaba shares slide over 8% after it shelves cloud spinoff, citing U.S. chip restrictions
Shares of Chinese e-commerce giant Alibaba slid after it announced that it would not proceed with the full spin-off of its cloud group.
Burberry shares sink 9% as luxury spending slowdown bites
Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts
Siemens beats earnings forecasts, says sales growth to slow in 2024
Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts.
ECB’s Lagarde says Europe’s financial system has avoided worst-case scenario
- Europe’s financial system has avoided the worst-case scenario of severe systemic risks materialising at the same time
- Policymakers need to remain proactive and alert to financial stability risks as and when they arise
- Firmly convinced that the joint action of the EU financial stability community at large will be sustained and unwavering
- That allows the warnings issued to help avoid damage to the economy
- Full speech
There’s nothing in there on monetary policy, so carry on as you will.
This article was written by Justin Low at www.forexlive.com.