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[0007 @francoisdlr]

At the global level, the IMF has decreased its GDP growth forecast for 2023 by 17% to 2.8% (from 3.4%) and for 2024 to 3%. Interestingly, those figures rely heavily on good performance from China and India.

[0007 @francoisdlr]

Investors are starting to believe the Fed now. Markets are accepting the fact that the Fed is focusing on inflation first, and avoiding a recession second, despite the latter no doubt being painful.

[0007 @francoisdlr]

Apple has lost its position as the world's most valuable company amid a broad sell-off of technology stocks!

[0007 @francoisdlr]

The pound has weakened against the euro, dollar and other currencies today following disappointing economic data.

UK retail sales fell in March as soaring prices forced consumers to cut back on spending, particularly on food and fuel.

[0007 @francoisdlr]

With central banks attempting to balance rising inflation with economic growth, political instability, new Brexit rules and more, where will the pound, euro and dollar be by spring and beyond?

[0007 @francoisdlr]

Today, all eyes are on US non-farm payrolls, which will reveal how many jobs the US economy added in January!

[0007 @francoisdlr]

The Bank of England voted to raise the UK’s interest rate to 0.5%, which was widely expected and caused the pound to strengthen initially!

[0007 @francoisdlr]

Stock markets in the US have opened pretty quietly. The biggest move is a 0.8% rise for the Nasdaq, while the Dow is down about half a percent at typing time.
In London the FTSE is drifting lower though not by much. The topflight index is down about 7 points!

[0007 @francoisdlr]

Oil prices were today trading at a seven-year high of over $91 a barrel as inflationary pressures in the global economy continue!

[0007 @francoisdlr]

World stocks began the new month on firmer ground, after a volatile January, as reassuring comments from Fed helped to calm rate-hike jitters!

[0007 @francoisdlr]

Asia-Pacific markets rose on, tracking stocks on Wall Street as they surged for a second session. Australia said it’s maintaining its cash rate, while investors in the region looked ahead to India’s budget announcement!

[0007 @francoisdlr]

Stock futures edged lower Tuesday morning, following a wild January on Wall Street that saw investors struggle with a Fed policy shift.
Futures on the Dow Jones Industrial Average fell about 50 points, or 0.14%. S&P 500 futures and Nasdaq 100 futures each traded 0.2% lower!

[0007 @francoisdlr]

UNS posted net profit attributable to shareholders of $1.35 billion for the fourth quarter. This was down from $1.64 billion a year earlier also lower than the $2.28 billion reported the previous quarter.However, UBS bottom line was hit by an increase of $740 million in litigatio

[0007 @francoisdlr]

Sony has agreed to buy the video game maker Bungie for $3.6bn, the latest in a series of takeovers in the video game industry!

[0007 @francoisdlr]

The UK’s vaccination programme, hailed “heroic” by the PM, has led investors to favour the pound as countries around the world race to beat the spread of the Omicron variant. All adults in England have now been offered a Covid booster jab and more than 70% have received it

[0007 @francoisdlr]

On the final day of the year, sterling is trading at its highest level in 2021 against the euro and is also strong against the dollar!

[0007 @francoisdlr]

In the US, unemployment claims fell to the lowest level in 52 years last week. This indicates that the US labour market is well on the way to recovery following pandemic-related unemployment!

[0007 @francoisdlr]

TESLA HAS REACHED $1 TRILLION MARKET VALUE 👏

This incredible milestone. To put it into perspective how much that is, it's more than:

GM, Ford, Toyota, Ferrari, BMW, Aston Martin, Volkswagen, Honda, Daimler, Nissan, Volvo, Subaru, Renault, Suzuki, Hyundai, Kia, Mazda,Mitsubishi

[0007 @francoisdlr]

The US economy continues to strengthen, albeit at a slower rate because of the Delta variant of Covid, the US Federal Reserve has said.
The central bank said the jobs market was improving and that currently high rates of inflation remained transitory!

[0007 @francoisdlr]

New data shows Bitcoin mining in China was already in sharp decline before the latest crackdown by the government.
The research found China's share of mining fell from 75.5% in September 2019 to 46% in April 2021!