Overseas Headlines – February 8, 2023

February 8, 2023


United States:

US Futures Retreat, Stocks Rise; Oil Extends Gain: Markets Wrap

US futures fell amid mixed earnings reports, while stocks caught up with late gains on Wall Street spurred by a sanguine rates outlook. Oil extended an advance.

Contracts on the major U.S. gauges fell, following Tuesday’s equity rally. Chipotle Mexican Grill Inc. dropped in premarket trading as its results missed estimates, while Uber Technologies Inc. jumped after revenue beat forecasts.



Russia Survived a Year of Sanctions by Investing as Never Before

Russia is seeking to spend its way out of the self-inflicted economic crisis that threatened to deliver the deepest recession of President Vladimir Putin’s more than two-decade rule.

Roaring exports of commodities funneled capital into the coffers of the government and companies, feeding an upswing in business investment that was without precedent during previous economic contractions and proved crucial to powering the war effort in the year since the invasion of Ukraine.



Indian Households Expect Inflation to Moderate, RBI Survey Shows

Indian households see inflation moderating, with job opportunities rising amid better economic situation, according to surveys from the central bank.

Inflation perception for the current period dropped 20 basis points to 9.6% in January, according to a Reserve Bank of India survey of 6,024 urban households in 19 major cities. Three-month expectations rose by 10 basis points, but the respondents anticipated prices to remain unchanged a year ahead.




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