Markets

Hunt’s plan may appeal to markets, but austerity without real growth would be fatal | Mohamed El-Erian

Jeremy Hunt will not appreciate today’s newspapers. “The Conservatives soak the wrestlers”, agonizes the Mail, the condemnation supported by the complaint of a columnist: “And I thought we had voted for the Conservatives”. “From bad to worse,” says the Guardian. “Hunt paves the way for years of pain,” says the Financial Times. “Carnage”, predicts the …

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First COVID-19 impact report on global vaccine markets

First Impact Report of COVID-19 on Global Vaccine Markets

A 2022 WHO report is the first to describe the impact of COVID-19 on the global vaccine market, identifying that low-income countries are struggling to access essential vaccines. The World Health Organization (WHO) Global Vaccines Market Report 2022, the first report to examine the impact of COVID-19 on the global vaccines market, shows that inequitable …

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Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Japan sees core inflation at 40-year high as Asia-Pacific stocks trade mixed

Alibaba saw delivery disruptions during Singles Day, CEO says Alibaba CEO Daniel Zhang said, “The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistics service in different locations,” according to a FactSet transcript of the quarterly earnings call from the company on Thursday. Zhang noted that logistical disruptions had …

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Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Philippines central bank expects economy to see ‘low growth’ next year, not recession Central Bank Governor Felipe Medalla of the Central Bank of the Philippines (BSP) said the economy is expected to see “low growth” of less than 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the …

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Indian Morning Briefing: Mixed Asian Markets; Japan’s headline CPI rose 3.7% in October

GLOBAL MARKETS DJIA 33546.32 -7.51 -0.02% Nasdaq 11144.96 -38.70 -0.35% S&P 500 3946.56 -12.23 -0.31% FTSE 100 7346.54 -4.65 -0.06% Nikkei Stock 27980.14 49.57 0.18% Hang Seng 18373.90 328.24 1.82% Kospi 2458.94 16.04 0.66% SGX Nifty* 18420.00 45.0 0.24% *Nov contract USD/JPY 139.87-88 -0.23% Range 140.49 139.85 EUR/USD 1.0367-70 +0.03% Range 1.0380 1.0358 CBOT Wheat …

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Barrels

Fitch: This is the biggest downside risk for oil markets in 2023 | OilPrice.com

Near-term forecasts for oil prices have been consistently bullish this year, with most forecasters expecting benchmarks to break above $100 next year. In the longer term, however, things are changing. Goldman Sachs, for example, this week said in a note that he expected oil to rise to $125 a barrel if China ended its Covid …

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Virtus Stone Harbor Emerging Markets Income Fund Announces Distributions

Virtus Stone Harbor Emerging Markets Income Fund Announces Distributions

HARTFORD, Conn., November 17, 2022 /PRNewswire/ — Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF), today announced the following monthly distributions: Distribution amount Secondment date Registration Date Payment date $0.06 December 12, 2022 December 13, 2022 December 23, 2022 $0.06 January 6, 2023 January 9, 2023 January 20, 2023 $0.06 February 10, 2023 February …

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hulu

Lula’s push to boost spending in Brazil rattles markets

RIO DE JANEIRO — During the election campaign, Luiz Inácio Lula da Silva promised to maintain a massive social welfare program, raise the minimum wage, and increase spending on health and education. Now Brazil’s president-elect is trying to keep his promises – and investors are getting worried. Da Silva’s transition team presented to Congress on …

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Fed's Bullard says rate hikes have had 'limited effects' on inflation so far

Fed’s Bullard says rate hikes have had ‘limited effects’ on inflation so far

St. Louis Federal Reserve Chairman James Bullard said Thursday that the central bank still has a lot of work to do before bringing inflation under control. A voting member of the Federal Open Market Committee responsible for setting rates, Bullard delivered remarks centered on a rules-based approach to policy-making. Using standards set by Stanford economics …

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