Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority, as speculation resurfaces over the future of rival Commerzbank.
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After a rough week of sticky inflation readouts abroad, doused interest rate hopes and scaled-back new year bets, world markets look to have found some foothold. While the domestic U.S. inflation picture remains pretty benign, incoming numbers on retail, manufacturing and housing this week are all beating forecasts and are making investors wonder if the scale of rate cuts priced for this year will be delivered by a seemingly unhurried Fed. But the prospect of a recession-free 2024 stateside and continued disinflationary impulses from struggling China and Germany leave the outlook in balance.
A look at the day ahead in U.S. and global markets from Mike
Dolan After a rough week of sticky inflation readouts abroad,
doused interest rate hopes and.