Stock markets edged higher, European bond yields dropped and the dollar remained firm in light trading on Monday amid warnings from the International Monetary Fund's managing director that a third of the world will fall into recession in 2023.
rose 0.06%, just short of an index of global shares, which climbed 0.16%.climbed 0.6%, retracing little of the nearly 12% it lost in 2022, bludgeoned by central banks' aggressive monetary policy tightening.
Christiansen expected the new year to kick off with a renewed focus on central banks and inflation. Traders would be vigilant for any signs of an approaching recession, he said. "There is an attempt by the dollar index to pull higher today but we do see that it is losing a good part of the strength it gained last year," said Ulrich Leuchtmann, head of forex research at Commerzbank.
German government bond yields on Monday tumbled from their highest levels in more than a decade amid more hawkish signals from the European Central Bank .
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More European nations tighten COVID rules for China flightsPARIS (AP) — France, Spain and England will implement tougher COVID-19 measures for passengers arriving from China, authorities said Friday. France's government is requiring negative tests, and is urging French citizens to avoid nonessential travel to China.
Read more »
Camrie Caruso’s Presence Beefs up KB Titan Racing NHRA Pro Stock ArsenalNHRA's 2022 Rookie of the Year brings youth to new team merger.
Read more »
Wall Street Wraps Up Worst Stock Market Year Since 2008Markets closed Friday afternoon, ending Wall Street's worst year in over a decade. See potential bias and similarities in coverage from CNBC, FoxBusiness, CNNBusiness:
Read more »
Warm New Year's Weekend, Severe Storms Possible on MondayOur next storm system will bring a chance of rain, along with some potential for severe weather, as it sweeps through the region on Monday.
Read more »
First Alert Weather Day issued for Monday due to severe weather riskA First Alert Weather Day has been issued for Monday beginning at 11am due to the threat of severe storms. Damaging winds, large hail and a few strong tornadoes are all possible.
Read more »