World stocks inched higher, European bond yields dropped and the dollar held firm in light trading on Monday following warnings from the International Monetary Fund's managing director that a third of the world will fall into recession in 2023.
rose 0.04%, just short of an index of global shares, which climbed 0.18%.climbed 0.8%, retracing some 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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World steps into 2023 after year of wars, disasters, World Cup in MideastWorld's eight billion people usher in 2023, bidding farewell to turbulent 12 months marked by war in Europe and Africa, catastrophic floods in Pakistan, Lionel Messi's glory in Qatar World Cup, and deaths of Queen Elizabeth, Pele and former pope Benedict
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 »
'Big Short' Michael Burry warned of stocks crashing, rallies faltering'Big Short' investor Michael Burry warned stocks would crash and rallies wouldn't last. Here are 6 of his key tweets in 2022, and what they meant.
Read more »
Inflation, recession and earnings among factors to drive U.S. stocks in 2023 By Reuters*INFLATION, RECESSION AND EARNINGS AMONG FACTORS TO DRIVE U.S. STOCKS IN 2023 - $DIA $SPY $QQQ $IWM 🇺🇸 🇺🇸
Read more »