Macro: The period saw a robust macroeconomic environment, with diminished interest rate hike expectations in Europe and the U.S., instead hinting at potential cuts. October's U.S. CPI rose 3.2% YoY, below expectations. ECB President, Christine Lagarde, suggested a possible halt in rate increases to evaluate tightening policies' impact.
Manufacturing PMI® At 46 7%; November 2023 Manufacturing ISM® Report On Business® — Apparel; Textile Mills Report Contraction textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.
It’s that time of year when Wall Street’s top strategists tell clients where they see the stock market heading in the year ahead. Typically, the average forecast for the group predicts the S&P 500 climbing by about 10%, which is in line with historical averages.
/PRNewswire/ Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, say.