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Dollar to rise soon  another 5% on sticky inflation, says Acadian

BLOOMBERG The dollar is poised to jump with Treasury yields in the coming months as still-elevated inflation will likely push the Federal Reserve toward further policy tightening, says Clifton Hill at Acadian Asset Management. Hill, a global macro portfolio manager, sees the US currency gaining an additional 5% versus many peers, with the trigger coming as policy makers signal further ...

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US equity futures steady before CPI; European stocks decline

BLOOMBERG US equity futures traded little changed as traders awaited inflation data for clues on whether policy makers will keep rates higher for longer. Europe’s Stoxx 600, meanwhile, retreated 0.7% as stagflation concerns mounted. The pound extended declines to a three-month low after the UK economy shrank at the quickest pace in seven months. Crude prices jumped after warnings from ...

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UNCTAD to hold World Investment Forum in Abu Dhabi in Oct

GENEVA / WAM The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 in Abu Dhabi to rally investments for climate action, clean energy, health care, food security and other development needs. Heads of state, more than 50 government ministers, over 150 CEOs of leading companies and stock exchanges, and thousands of investment stakeholders, more ...

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