Weekly markets TL;DR: Massive week ahead for stocks, crypto and forex
1. Economy Eurozone growth grew 0.1%, unexpected compared to expectations of a 0.1% contraction IMF stated UK the only leading economy likely to head into recession in 2023 These are positive data points but could affect the all-important Federal Reserve meeting in the
Scottish Mortgage Trust share price headwinds put recovery at risk
Scottish Mortgage (LON: SMT) share price has done modestly well in 2023 as technology stocks rebound. After falling to a multi-year low of 691p in December, the stock rebounded by 13.50% to reach to a high of 785p. Still, the
IMF projects global growth at 2.9%; Disinflation to bring little comfort
The International Monetary Fund’s latest projections have revised global growth prospects down to 2.9% YoY for 2023, from 3.4% in 2022. However, the latest estimate follows an improvement from 2.7% in the October forecast for 2023. In 2024, global growth is expected
The sights and sounds near Rep. Santos’ office
The sights and sounds near Rep. Santos’ office lead image
Chinese PMIs spark to life after covid restrictions lifted, but investors stay wary
In the week running up to the new year, China dismantled the last of its major zero-covid policy restrictions, with the decision to scrap quarantine for all inbound travellers. However, tourists and business visitors would still need to be tested for