World Stock Markets today-Budrigantrade review
2023.02.20 02:26
World Stock Markets today-Budrigantrade review
Budrigantrade provides a look ahead to the day on European and global markets.
Asian shares edged up from their lowest levels in about a month, but trading was slow ahead of the reading on core inflation and the minutes of the last Federal Reserve meeting, with rising interest rates still seen as a risk for markets.
Money markets in Europe indicate that investors are betting on a peak European Central Bank rate of 3.75 percent by the end of summer, up from 3.4% earlier this month.
After a series of hawkish statements from policymakers, investors are withdrawing earlier bets, causing European shares to fall further from their one-year highs.
The ECB has made it clear that it is concerned about persistent underlying inflation.
The central bank increased interest rates by 50 basis points this month and pre-announced another increase of the same magnitude for March 16. However, it maintained an open mind regarding future actions, with the majority of policymakers anticipating another rate increase in May. Inflation is not going away anytime soon.
International strains uplifted once more as U.S. Secretary of State Antony Blinken cautioned top Chinese ambassador Wang Yi of results should China offer material help to Russia’s attack of Ukraine, saying in a meeting after the two met that Washington was concerned Beijing was thinking about providing weapons to Moscow.
In the meantime, tough global discussions regarding debt forgiveness for poor nations are going to get even trickier in a week when India hosts the first G20 finance and central bank chiefs meeting of the year, from February 22 to 25.
China, the largest bilateral creditor in the world, is criticized for being tough on terms.
The Federal Reserve’s preferred inflation gauge, earnings reports from major U.S. retailers, global flash PMIs, and inflation readings from the euro zone and Japan are among the most notable items on the economic calendar this week.
Business activity worldwide.
A source told Reuters that the United States hedge fund Elliott Investment Management was also prepared to finance a takeover of Manchester United, indicating that Jim Ratcliffe’s company INEOS had made a bid for the team.
The largest sports deal to date would likely be exceeded if the Premier League giant were sold: Chelsea was purchased for $5.2 billion, which included debt and investments.
17 years after they purchased the Old Trafford club for 790 million pounds (951 million dollars) as part of a highly leveraged deal, the Glazers began considering their options for the English champions United, who have won the title a record 20 times.
According to data from the property website Rightmove (OTC:), the smallest increase on record for a month that typically sees a significant seasonal increase is evidenced by the fact that average asking prices for residential properties in the United Kingdom increased by just 14 pounds in February. on Monday, displayed.
Important developments that may have an impact on markets on Monday:
Monetary data: February consumer confidence in the Eurozone.
Markets in the United States were closed.
