Global Equity Funds see Big Inflows amid Stock Rally

Feb 16 Reuters Global equity funds racked up significant inflows in the week to Feb. 14 propelled by investor optimism amid a robust stock market rally, despite lingering uncertainties over the Federal Reserve39;s rate cut plans. According to data from LSEG, investors acquired a net 9.12 billion worth of global equity funds during the week, […]
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Russian Rouble Slips after Navalny Reported Dead

MOSCOW, Feb 16 Reuters The Russian rouble weakened on Friday after the federal prisons service said jailed opposition politician Alexei Navalny was dead. The central bank39;s decision to hold its key interest rate at 16 also nudged the currency lower. The rouble dropped to 93 against the dollar in the moments after the Federal Penitentiary […]
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Australias Unemployment Jumped, Low GDP U.K. in Recession

Previous Trading Days Events 15 Feb 2024 The labor market data for Australia showed very weak employment growth in January, while the jobless rate climbed to a twoyear high. Net employment rose just 500 in January from December, when it dived 62,800. Fulltime employment added 11,100 in January, after sliding the month before.  The jobless […]
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Russian C.Bank Holds Rates at 16 after Months of Tightening

MOSCOW, Feb 16 Reuters Russia39;s central bank held its key interest rate at 16 on Friday, opting to leave borrowing costs unchanged after five successive rate hikes since last summer, still grappling with stubborn inflation pressure. The return of inflation to target in 2024 and its further stabilisation close to 4 assume that tight monetary […]
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Mexicos Peso as an UberDollar

LONDON, Feb 16 Reuters Even in a year littered with political risks, the reworking of world trade routes with a friendshoring twist and handsome real interest rate premia have Mexico39;s peso behaving like a supercharged dollar. Fresh from its biggest annual gain against U.S. dollar since 1989 last year, the super peso which President Andres […]
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