wall street outlook: Wall St Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants such as Target Corp and Walmart … Read more

G20 pandemic fund ploughs ahead amid fears world not ready for future threats By Reuters

© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo By Jennifer Rigby LONDON (Reuters) – A multi-billion dollar fund set up by G20 countries to help developing countries better … Read more

Turkey will not be ‘rushed’ to back Nato expansion ahead of summit

Turkey will not be rushed to drop its opposition to moves by Sweden and Finland to join Nato by next month when leaders of the alliance’s member states meet for a summit in June, a senior adviser to President Recep Tayyip Erdoğan said. Turkey first expects “concrete steps” from the two Nordic states on its … Read more

Talk to Ukraine about ports, not us, says Russia ahead of U.N. talks in Moscow

Breadcrumb Trail Links PMN Business Author of the article: Article content UNITED NATIONS — A senior U.N. official is due to visit Moscow in the coming days to discuss reviving fertilizer exports, Russia’s U.N. Ambassador Vassily Nebenzia said on Wednesday, stressing that the talks were not linked to a resumption of Ukrainian grain shipments. Since … Read more

Gold prices dented by stronger dollar ahead of Fed minutes

Breadcrumb Trail Links PMN Business Author of the article: Article content Gold prices fell on Wednesday as the dollar firmed in the run-up to minutes from the U.S. Federal Reserve’s May policy meeting, which could provide cues on its policy tightening path. Spot gold was down 0.4% at $1,859.39 per ounce by 0820 GMT, after … Read more

European shares retrace some losses ahead of Fed minutes

European equities recovered some losses after a bruising previous session for global stocks, as investors awaited the minutes of the Federal Reserve’s latest monetary policy meeting amid signs of an economic slowdown. The Stoxx 600 share index added 0.8 per cent in early dealings. London’s FTSE 100 rose 0.5 per cent and futures trading implied … Read more

Is Alibaba Stock a Buy Ahead of Earnings? 5-Star Analyst Weighs In

Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting Chinese economy, supply chain woes and the recent zero-COVID lockdowns. Taking these factors into consideration, ahead of the print, Baird’s 5-star analyst Colin Sebastian thinks … Read more

Alibaba Stock Is Under the Microscope Ahead of Earnings; Here’s What to Expect

The Chinese economy’s growth has been decelerating and the recent Covid-driven lockdowns have further impacted growth. China Commerce is particularly feeling the effect and that in turn is impacting Alibaba (BABA). The company is set to post F4Q22 earnings on Thursday, May 26, and Truist’s top analyst Youssef Squali thinks that any short-term guidance “will … Read more