Does sustainable investing have a future in the U.S. market?
We spent two days meeting with our clients – including leading asset managers and large asset owners – discussing their priorities for 2023 and beyond.
Indias OctDec GDP Growth Slows to 4.4 on Weakness
Feb 28 Reuters India39;s economic growth slowed further in the December quarter as pent up demand eased and weakness in the manufacturing sector continued. Asia39;s third largest economy recorded yearonyear growth of 4.4 in OctoberDecember, down from 6.3 in JulySeptember, data released by the government on Tuesday showed. The growth rate for the third quarter of India39;s […]
Unexpected Inflation Jump Adds to ECB Headache
PARISMADRID, Feb 28 Reuters Inflation in two of the euro zone39;s biggest economies rose unexpectedly this month, data showed on Tuesday, pushing up European Central Bank rate hike expectations and challenging the narrative that a rapid easing in price growth is now underway. The ECB plans to raise its key rate by 50 basis points […]
Portugals February Inflation Slows Down to 8.2
LISBON, Feb 28 Reuters Portuguese consumer prices rose 8.2 yearonyear in February in a slowdown from 8.4 reported in the previous month, flash data from National Statistics Institute INE showed on Tuesday. Still, core inflation, which strips out volatile food and energy prices, clocked 7.2 yearonyear, up from a reading of 7.0 in January. On […]
ECB has Started to Win Inflation Fight, Lane says
Recent supply shocks should lower inflation Forwardlooking indicators point to disinflation Rate hikes to end when clear inflation is heading to target Rate plateau should be held for some time FRANKFURT, Feb 28 Reuters Euro zone inflation pressures have begun to ease, including for allimportant core prices, but the European Central Bank will not end […]
Banks Pile into Euro Zone Bond Sales as Rates Shoot Up
Bank treasuries biggest buyer of many 2023 EZ bond sales Govt debt attractive as yields jump Asset manager buying down 7 ppt this year Deutsche Bank Feb 28 Reuters Banks are becoming the leading buyers of some euro zone governments39; bond sales, taking advantage of surging interest rates as the European Central Bank looks to […]
Swiss Economic Growth Flat in Q4 as Exports and Manufacturing Drop
ZURICH, Feb 28 Reuters The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a challenging international situation hit manufacturing and exports. The 0 growth rate missed forecasts and marked a slowdown from the 0.2 increase in the third quarter, said the State Secretariat for Economic Affairs […]
UK Grocery Price Inflation Hits Record 17.1
Grocery inflation in Feb at highest level ever recorded Milk, eggs, margarine show fastest price rises Shoppers face 811 pounds rise in annual grocery bill LONDON, Feb 28 Reuters British grocery inflation hit 17.1 in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a costofliving crisis, […]
Dollar Heading for First Monthly Gain since September
SINGAPORELONDON, Feb 28 Reuters The U.S. dollar steadied on Tuesday, having lost ground a day earlier, climbing particularly against the Japanese yen, and on track for its first monthly gain since September. The greenback39;s rally gathered momentum in recent weeks as upbeat economic data led to mounting expectations that the U.S. Federal Reserve will have […]
South African Rand under Pressure ahead of Raft of Data
JOHANNESBURG, Feb 28 Reuters The South African rand was pressured by a stronger U.S. dollar in early trade on Tuesday ahead of the release of domestic money supply, budget, trade and unemployment data later in the day. At 0550 GMT, the rand traded at 18.4600 against the U.S. dollar, about 0.2 weaker than its closing […]