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2 Articles
Source: Reuters

IMF, CEOs sound warnings as leaders gather in Davos

Today 19:06 GMT

The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering of the rich and powerful.

The gloomy IMF forecasts, released on the eve of the World Economic Forum in Davos, Switzerland, highlighted the challenges facing policymakers as they tackle an array of actual or potential crises, from the U.S.-China trade war to Brexit.

6 Articles
Source: Reuters

Trade worries sour CEOs' mood as leaders converge on Davos

Today 19:05 GMT

Chief executives across the world have grown a lot more pessimistic about the global economic outlook due to trade disputes and tense relations between major powers, a survey showed on the eve of the World Economic Forum in Davos.

The most pronounced shift was among business leaders in the United States, where optimism dropped to 37 percent from 63 percent a year ago against the backdrop of an economic slowdown and a trade war with China.

2 Articles
Source: Common Domain

Stock-index futures point to lower start as growth, trade worries fester

Today 19:05 GMT

Dow Jones Industrial Average futures YMH9, -0.74%  fell 170 points, or 0.7%, to 24,517, while S&P 500 futures ESH9, -0.79%  dropped 19.85 points, or 0.7%, to 2,651.75.

IBM earnings: Emerging tech expected to account for half of sales as revenue declines. And: Tech is ready to respond to Wall Street’s doubts, but don’t expect a holiday miracle. Trade and growth worries weighed on Asia markets, with the Shanghai Composite Index SHCOMP, -1.18% sliding 1.4%.

1 Article
Source: BBC

IMF warns trade tensions could hit growth

Today 19:05 GMT

The IMF's chief economist, Gita Gopinath, said: "While financial markets in advanced economies appeared to be decoupled from trade tensions for much of 2018, the two have become intertwined more recently, tightening financial conditions and escalating the risks to global growth."

Trade tensions appear to be the biggest worry and they have been a recurrent theme in recent IMF assessments of the economic outlook.

1 Article
Source: BBC

UK employment total hits record high

Today 19:06 GMT

The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office for National Statistics show.

"Much will depend on whether an expected marked pick-up in corporation tax receipts materialises and how well the economy holds up over the first quarter of 2019, particularly given the current heightened Brexit uncertainties," said Howard Archer, chief economic adviser to the EY Item Club

1 Article
Source: Fox News

Stocks tumbling on IMF global growth outlook, weak home sales

Today 19:06 GMT

U.S. home sales tumbled to their lowest level in three years last month and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.

In Europe, London’s FTSE traded lower by 1 percent, Germany’s DAX slipped 0.7 percent and France’s CAC was off 0.7 percent.

1 Article
Source: Common Domain

S&P 500 earnings growth estimate improves, but outlook slows further

Today 19:05 GMT

The fourth-quarter earnings growth for S&P 500 companies has improved slightly in the last week, but was still expected to slow to less than half the average of the first three quarters of the year, and the outlook for the current quarter has declined.

FactSet publishes a “blended growth” percentage change for earnings per share for the S&P 500, representing a blend of year-over-year growth of actual results already reported and the average estimates of surveyed analysts of upcoming results.

1 Article
Source: Common Domain

Charter Schools Stay Open As Striking Teachers Decry Their Growth

Today 17:16 GMT

As the Los Angeles Unified School District teachers strike enters its second week, the growth of charter schools, which receive public money but have broad autonomy in how they are run, has emerged as a crucial sticking point in negotiations between the district and the teachers union.

Because funding for schools is tied to the number of students who attend, the striking teachers say the rise in charters is siphoning resources—and unionized jobs—away from the district-run schools.

2 Articles
Source: Reuters

IMF cuts global growth outlook, cites trade war and weak Europe

Today 12:40 GMT

The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.

“The main shared policy priority is for countries to resolve cooperatively and quickly their trade disagreements and the resulting policy uncertainty, rather than raising harmful barriers further and destabilizing an already slowing global economy,” it added.

1 Article
Source: Common Domain

Why Old-School Chinese Stimulus Won’t Help

Today 09:55 GMT

That will shape Beijing’s policy response, and probably disappoint investors hoping for a 2009- or 2015-style lending splurge.

Unfortunately for commodities investors, that isn’t really a recipe for a 2016 style rally, because infrastructure is usually less metal intensive than residential construction. If and when housing prices start drooping and state-owned industrial companies start defaulting, Beijing may have to pull out the big credit-stimulus gun again.

1 Article
Source: Common Domain

Tech is ready to respond to Wall Street’s doubts, but don’t expect a holiday miracle

Today 09:55 GMT

The most important earnings season for tech since the dot-com boom went bust is about to begin, but don’t expect a holiday miracle, especially for the companies that are used to a victory lap at this time of year.

This earnings season, though, comes in the wake of a huge fourth-quarter decline for tech stocks, as forecasts for the holiday season sparked concerns about the death of huge growth rates that have propelled tech companies to previously outsize valuations — the most serious challenge the current tech boom has faced.

1 Article
Source: Common Domain

These 3 leading economic indicators show no recession is coming

Today 09:54 GMT

Now read: Here’s what low NYSE trading volume is telling us about the stock market’s direction. Shawn Snyder is the head of investment strategy for Personal Wealth Management at Citibank.

There are obviously a lot of economic data points that one can point to, but we want to highlight three leading economic indicators that we think are important: the yield curve, jobless claims, and credit conditions for both commercial and industrial firms.

1 Article
Source: BBC

Why China's slowdown should worry us all

Today 08:59 GMT

Slower growth in China means it is harder for China to address its mountain of debt, even with the Communist Party's undoubted ability to be able to support the economy.

Confidence amongst Asian companies is wobbly, showing China's slowdown as one of two main concerns for growth in 2019, along with the US-China trade war. India's economy - the world's fastest growing - doesn't sell as much to China as some of the smaller countries in Asia, as this study from the Asia Development Bank shows.

1 Article
Source: BBC

China's annual growth slowest in decades

Today 08:03 GMT

"Still, with the headwinds from cooling global growth and the lagged impact of slower credit growth set to intensify... China's economy is likely to weaken further before growth stabilises in the second half of the year."

China accounts for almost one third of the global economy, meaning weaker growth will impact jobs and exports in countries around the world. Growth has been easing for years, but concern over the pace of the slowdown in China has risen in recent months as companies sound the alarm over the crucial market.

1 Article
Source: Common Domain

Central Banks Struggle With Policy Settings

Sunday 06:03 GMT

The shift underlines the difficulties central banks face getting back to growth rates and policy settings that were considered normal before the global financial crisis.

The firm that compiles that measure— IHS Markit —has built a model that assesses the probability of a policy move based on the past relationship between the indicator and policy changes: it suggests the probability of a rate rise is just 7.7%, and a rate cut is more likely.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte