Author: FX

2/2 © Reuters. A person walks through the blowing snow and cold that has hit the state ahead of the U.S. presidential caucus elections, in Chelsea, Iowa, U.S., January 13, 2024. REUTERS/Brian Snyder 2/2 By Nathan Layne, Gabriella Borter and Tim Reid INDIANOLA, Iowa (Reuters) -Republican presidential candidates exhorted their supporters to brave glacial, life-threatening temperatures in Iowa to vote in the party’s first nominating contest on Monday, amid fears a predicted record cold snap could keep many voters at home. The icy weather in the Midwestern state has become a wild card in the crucial contest that could help…

A note from Barclays analysts on Friday in which they now forecast the Federal Open Market Committee (FOMC) to cut the Fed Funds rate by 25bp at the March meeting. Barclays were previously forecasting the first cut to come in June. Fed officials continue to send mixed messages, the latest was from Federal Reserve Bank of Cleveland President Loretta MesterFed’s Mester: December CPI report shows the job is not done yetMester gets an FOMC vote in 2024 (she’s pictured in column 1, row 1 above) This article was written by Eamonn Sheridan at www.forexlive.com. Source link

In addition to JPMorgan Chase’s (NYSE:JPM) stronger-than-expected earnings on Friday, the bank also issued its initial guidance for 2024. In the company’s earnings call, Chief Financial Officer Jeremy Barnum provided some details on its spending plan for the year. The U.S. largest bank expects 2024 adjusted expenses to be ~$90B, an increase of $7B from the previous year. “Thematically, the biggest driver is what I might call business growth writ large,” he said during the call. Its Consumer & Community Banking is “the biggest dollar driver overall,” with an 8% Y/Y expected increase in expenses, as the company continues to…

The FX calendar was lined up with potentially market moving inflation updates from all over, prompting our strategists to mainly focus on CPI data from U.S. & Australia. Source link

© Reuters. FILE PHOTO: Guatemalan President-elect Bernardo Arevalo addresses the media after meeting with Honduras President Xiomara Castro, at the Presidential House, in Tegucigalpa, Honduras, January 4, 2024. REUTERS/Fredy Rodriguez By Sofia Menchu GUATEMALA CITY (Reuters) – Guatemalan President-elect Bernardo Arevalo is due to be sworn in Sunday for a four-year term, pledging to banish deep-rooted corruption, though he will come up against a divided Congress and string of judicial attempts to block him from wielding power. Vowing to restore democracy in Guatemala, the most populous country in Central America with 17.1 million people, Arevalo, 65, won the August presidential…

Khanchit Khirisutchalual/iStock via Getty Images Some of the pioneering medical breakthroughs in recent history, including the first RSV vaccines and a first-of-its-kind gene therapy, have made it into the 2024 edition of the Drugs to Watch report compiled by the data analytics company Clarivate (CLVT). The report highlights 13 recently launched or upcoming drugs with game-changing potential, including those expected to achieve blockbuster status (the ability to generate $1B or more in annual sales) within five years. For its analysis, the U.K.-based firm only considered drugs launched early last year or investigational drugs undergoing Phase 2 and Phase 3 trials…

Mathieu Lewis-Rolland/Getty Images News Alaska Airlines (NYSE:ALK) plans to implement and expand quality-control inspections on the production of its planes, according to a statement Saturday. The move comes after a midair emergency on one of its Boeing (NYSE:BA) 737 Max 9 planes this month. The airline’s management recently met with Boeing’s (BA) leadership team to discuss quality-improvement plans. The Federal Aviation Administration also began a formal investigation of Boeing’s (BA) operations after a metal panel blew out from the cabin of a 737 Max 9 operated by Alaska Airlines (ALK) shortly after takeoff, forcing the pilots to make an emergency…

6/6 © Reuters. Yael Yolovitch, a member of Kibbutz Nir Oz, shows her military-style dog tag with a slogan calling for the return of Omri Miran, an Israeli hostage who has been held in the Gaza Strip since he was seized by Hamas gunmen on October 7, near Sderot in southe 2/6 By Estelle Shirbon JERUSALEM (Reuters) – On Israeli city streets and on television, in shops and in cafes, one symbol of solidarity with hostages held in Gaza has become ubiquitous in the 100 days since Hamas abducted them: military-style dog tags worn on neckchains. The small metal rectangles,…

UPCOMING EVENTS:Monday: PBoC MLF, US Markets closed for MLK Day, BoC Business Outlook Survey.Tuesday: UK Labour Market report, Canada CPI, Fed’s Waller. Wednesday: China Industrial Production and Retail Sales, UK CPI, US Retail Sales, US Industrial Production, US NAHB Housing Market Index.Thursday: Australian Labour Market report, ECB Minutes, US Building Permits and Housing Starts, US Jobless Claims, New Zealand Manufacturing PMI. Friday: Japan CPI, UK Retail Sales, Canada Retail Sales, US University of Michigan Consumer Sentiment.MondayThe PBoC will conduct the MLF operation on Monday and we will see if they decide to lower the rate or keep it unchanged at…

5/5 © Reuters. Taiwan President-elect Lai Ching-te, of Democratic Progressive Party’s (DPP) and his running mate Hsiao Bi-khim wave as they hold a press conference, following the victory in the presidential elections, in Taipei, Taiwan January 13, 2024. REUTERS/Ann Wang 2/5 By Yimou Lee, Sarah Wu and James Pomfret TAIPEI (Reuters) – Taiwan’s president-elect Lai Ching-te could face a tough four years in office with no parliamentary majority, an opposition which wanted to re-start a vexed service trade deal with China and the ever present threat of military action from Beijing. Lai, from the ruling Democratic Progressive Party (DPP), won…