German retail sales post shock fall in December

BERLIN, Jan 31 (Reuters) – German retail sales unexpectedly fell in December, as a Christmas shopping period weighed down by high inflation and the energy crisis revived fears of a more market slowdown in Europe’s largest economy this winter, data showed on Tuesday. Retail sales decreased by 5.3% in December compared with the previous month, … Read more

For ASEAN countries, IMF sees slower global growth outweighing China reopening

SINGAPORE, Jan 31 (Reuters) – The International Monetary Fund’s chief economist said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China’s economic reopening. Pierre-Olivier Gourinchas told a news briefing on the IMF’s latest global growth forecasts … Read more

Emerging markets growth slowdown bottomed out in 2022, but risks remain -IMF

NEW YORK, Jan 30 (Reuters) – The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown in the region may have bottomed out in 2022, on the back of China reopening , a resilient India and unexpected growth in Russia. On … Read more

Morning Bid: Fasten your seatbelts – Reuters

Morning Bid: Fasten your seatbeltsReuters

The German economy unexpectedly shrinks in Q4, reviving the specter of recession

Q4 GDP at -0.2% Q/Q vs forecast of 0.0% Decline due mainly to falling private consumption Economists reckon mild recession is likely BERLIN, Jan 30 (Reuters) – The German economy unexpectedly shrank in the fourth quarter, data showed on Monday, a sign that Europe’s largest economy may be entering a much-predicted recession, though likely a … Read more

Morning Bid: Calm before the storm

Jan 30 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. It looks like a quiet start to the week in Asia on Monday, but don’t be fooled – it may be the calm before the storm. A raft of regional economic indicators including Japanese unemployment and PMIs from China, … Read more

Wall Street closes green as GDP data eases recession worries

Microsoft, Tesla lead S&P, Nasdaq higher IBM announces job cuts, asset divestment Bed Bath & Beyond sinks on default notice Intel slides after the bell following results Indexes up: Dow 0.61%, S&P 1.10%, Nasdaq 1.76% NEW YORK, Jan 26 (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an … Read more

Morning Bid: Asian stocks – soaring and roaring

Jan 27 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Spurred by a solid rally on Wall Street after upbeat US economic growth data on Thursday, Asian stocks on Friday are set to continue their remarkable run and chalk up a fifth weekly rise in a row. Investors are … Read more

Indian shares set to open higher as US recession fears ease

BENGALURU, Jan 27 (Reuters) – Indian shares are set to open higher on Friday benefiting from a broader risk-on sentiment after stronger-than-expected US economic growth data eased concerns of a recession, while investors remained watchful ahead of release of the federal budget and central bank meetings due next week. India’s NSE stock futures listed on … Read more