: Really, we are all in the dark, and when stocks are shaky, that is not a pleasant place to be. Yet there are compelling reasons to stay in the market.Boeing said it incurred $US4.5 billion charges in the fourth quarter on its sidelined 787 program, obscuring the US planemaker’s long-awaited return to positive cash flow fuelled by rebounding 737 MAX deliveries.
Nasdaq reported a nearly 16 per cent jump in fourth-quarter profit, topping Wall Street estimates, buoyed by the frenetic pace of US initial public offerings, and strong demand for its investment-related products. France should rein in its public finances faster than currently planned starting from next year, the International Monetary Fund said on Wednesday, less than three months before a presidential election.
The race for the prestigious, seven-year role is wide open and on paper neither the centre-right nor the centre-left bloc have enough votes to ram through their candidate, meaning some sort of compromise deal will probably be needed.China stocks closed up on Wednesday, with the blue chips rebounding from a 15-month low hit in the previous session, after state media urged financial institutions and pension funds to help stabilise markets.
“Looking ahead, the Governing Council expects interest rates will need to increase, with the timing and pace of those increases guided by the Bank’s commitment to achieving the 2 per cent inflation target,” it said in a statement.
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