ECB policymakers consider easing rate hikes - Bloomberg

JPMorgan Continues to See 25% Chance US Avoids Recession in 2023 or 2024

JPMorgan analyst Nikolaos Panigirtzoglou comments "While there has been an improvement in sentiment towards risk assets given greater optimism over the soft-landing scenario, we are reluctant to chase the past few weeks rally as a lot of good news are already in the price. And while signs of declining inflation... More

Goldman Sachs clients slightly more optimistic on 2023 recession probability

Goldman Sachs said on Tuesday that 57% of its clients expect a recession in the US in 2023, which is slightly more optimistic than consensus expectations.

The firm held its Global Strategy Conference for clients in London on Monday, where it polled over attendees.

The consensus suggests that the average recession probability stands at 65%, according to Goldman, who said the "relative bullishness" might be because the market has bounced so far this year, and there has been recent good news on the... More

S&P 500 Erases Gain, Down 0.15%

S&P 500 Erases Gain, Down 0.15%

ECB May Opt For 25-bp Hike In March After 50-bp Move In February - Bloomberg

(Updated - January 17, 2023 10:05 AM EST)

ECB policymakers are starting to consider a slower pace of interest-rate hikes than Lagarde indicated in December, according to a report from Bloomberg, citing officials with knowledge of their discussions.

While a 50 basis point step in February she signaled remains... More

New York state manufacturing plunges in January

By Lucia Mutikani

WASHINGTON (Reuters) -New York state manufacturing contracted sharply in January as orders collapsed and employment growth stalled, pointing to continued weakness in national factory activity, and little improvement was expected over the next six months.

The survey from the New York Federal Reserve on Tuesday offered an early read of conditions in one of the sectors hardest hit by the Federal Reserve's fastest interest rate hiking cycle since the 1980s. It showed slumping demand and improved raw material supplies slowing inflation at the factory gate. National manufacturing has been shrinking since November, according... More

NY Empire State manufacturing index plunges in January to -32.9

By Geoffrey Smith

Investing.com -- A key gauge of U.S. manufacturing sent an alarm signal on Tuesday, highlighting a growing divergence between a relatively strong labor market and a stuttering real economy.

The Empire State manufacturing index, compiled by the New York Federal... More

Empire Manufacturing (Jan) -32.9 vs -8.6 Expected

Empire Manufacturing (Jan) -32.9 vs -8.6 Expected

Morgan Stanley's Wilson doubles down on his view that S&P 500 will see new lows

Dont be confused by an ongoing rally in U.S. equities as bear markets are designed to confuse investors and take their money, Morgan Stanleys Chief U.S. Equity Strategist and Chief Investment Officer Michael Wilson wrote in his regular weekly note.

Dont pay too much attention to the noise and trust your fundamental process as Wilson continues to see much lower levels... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Investors are positioning for a Fed pivot

The S&P 500 closed nearly 2.7% higher last week after softer-than-expected wage growth sparked a rally in risk assets. Inflation fell to 6.5% in December year-over-year, down from 7.1% in November and a 9.1% peak in June.

The index is now testing the key descending trend line that connects lower lows with many analysts pointing to this zone as a key resistance area for the S&P 500. Futures are trading nearly unchanged in pre-open Tuesday.

Nasdaq Composite Index (IXIC) rallied 4.8% to close above 11000 for the first time since early December. The index recorded the biggest weekly gain since November on the... More