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Aussie dollar faces inflation test after stellar year-end rally

BLOOMBERG The Australian dollar’s late 2023 rally faces a new hurdle with inflation data expected to strengthen the case for earlier interest-rate cuts by the Reserve Bank. The Aussie jumped nearly 10% against the greenback from late October through December as the RBA sounded hawkish while traders priced Federal Reserve rate cuts this year. The rally may struggle to extend ...

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Stocks, bonds pause after rough week; oil declines

BLOOMBERG Stocks and bonds posted small moves on Monday as investors recalibrated their bets in the wake of last week’s selloff, which saw the steepest loss for the S&P 500 since October. The Stoxx 600 benchmark was little changed along with futures in the US, while Asian markets declined. Boeing Co shares are in focus as groundings of the 737 ...

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Boeing Max grounding goes global as carriers follow FAA order

BLOOMBERG The grounding of Boeing Co’s 737 Max 9 quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. After Alaska Air kept its fleet of 65 737 Max 9s on the ground following the incident on ...

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