Overseas Headlines – February 12, 2024

February 12, 2024


United States:

Economists Haven’t Been So Critical of Tight Fed Since 2010

Economists are starting to think the Federal Reserve is keeping money a little too tight.

That’s the takeaway from results of a National Association for Business Economics poll published Monday, which showed 21% of respondents considered the US central bank’s current monetary policy stance to be “too restrictive” — the most since mid-2010.




European Stocks Push Higher on Coattails of S&P: Markets Wrap

Traders paused for breath after optimism about eventual Federal Reserve interest-rate cuts and easing inflation pushed the S&P 500 to a new record.

The rally in Big Tech that lifted the S&P 500 above 5,000 for the first time on Friday looked set to extend, as Amazon.com Inc. Nvidia Corp. and Tesla Inc. ticked higher in premarket trading. Moves beyond those standouts were muted, in S&P 500 and Nasdaq 100 futures trading as well as for US Treasuries and the dollar.




India’s Inflation at Three-Month Low Gives RBI Some Respite

India’s inflation eased to a three-month low in January as food prices moderated, providing some relief to rate-setters nervous about price shocks spilling over to other segments of the economy.

The consumer price index rose 5.10% last month from a year earlier, statistics ministry data showed Monday. That’s almost in line with the 5.0% median estimate in a Bloomberg survey of economists and compares with a 5.69% print in December.




Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.