The U.S. Spending Boom Is Cooling; SF Fed s Daly Says It Isn t Clear Rates Are High Enough By James Christie Good day. The Federal Reserve s campaign to bring inflation down has helped slow.
MARKET WRAPS Stocks: European stocks started the week with solid gains, as investors looked ahead to some key data releases including inflation figures in the U.S. and U.K. that could. -November 13, 2023 at 05:27 am EST
- MarketScreener
Moody’s lowers US credit outlook, though keeps triple-A rating, by Christopher Rugaber A fragile global economy is at stake as US and China seek to cool…
China is relentlessly adding new petrochemical capacity despite a global glut as the country's refiners diversify from transport fuels, threatening to depress margins worldwide through 2024 as weak economic growth saps demand. In an ominous sign for producers of the chemicals used in plastic packaging, polyester clothing and auto parts, refiners' profit margins on processing naphtha to make ethylene turned negative last week for the first time since October. The profit crunch is being driven by China's refiners boosting output of olefins such as ethylene to offset an expected decline in sales of petrol and diesel as electric vehicle take-up accelerates.