Economy

2024-01-22 17:40:22

Blocked roads, media calls, soon radar coverings: supported by a large part of the political class, French farmers are not giving up to obtain “concrete measures” government of Gabriel Attal which receives the majority unions on Monday at the end of the day -noon.
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#Ecology #diesel #Europe #farmers #mobilizing #Attal #government #pressure

2024-01-22 15:47:48

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#Apple #offer #service #specializing #classical #music #Japan #January #ANNnewsCH

2024-01-22 12:00:14

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#encourage #creation #commissions #regions #Today #Morocco

2024-01-22 16:21:58

(Illustration: Camille Charbonneau)

THE ESSENTIAL NEWS

• The Bank of Canada is expected to keep rates unchanged as persistent inflation delays interest rate cuts. The Bank of Canada is expected to keep its key rate unchanged at its meeting on Wednesday, but persistent market inflation is delaying the first planned rate cut in almost four years.

• Tesla’s price cuts, delivery plan and CEO compensation in focus ahead of earnings release. Tesla’s profitability and deliveries will be top of mind for investors when the world’s most-valued automaker reports earnings on Wednesday, days following steep price cuts and an announcement of a pause in production of the Berlin factory.

• There are still one or two pieces missing from the inflation puzzle for the Fed. U.S. Federal Reserve officials suspected the fight once morest inflation would be difficult and were reluctant to declare victory, although price increases had slowed. December data bears this out: headline consumer price inflation jumped, while a measure of core inflation fell. Producer prices, the costs determining what consumers end up paying, have fallen, and an indicator of the margins added by retailers has fallen sharply, which might be a sign of development price competition.

• American authorities want more Boeing 737 planes to be checked following the MAX 9 incident. The U.S. Federal Aviation Administration on Sunday recommended airlines operating Boeing 737-900ER aircraft inspect door plugs to ensure they are properly secured, following some operators reported unspecified problems with bolts during inspections.

• Gildan Activewear says Browning West’s stock purchase was “illegal.” Canadian clothing maker Gildan Activewear said Sunday it had learned that activist fund Browning West, LP’s purchase of Gildan shares last month violated U.S. antitrust laws.

TRENDS BEFORE OPENING

THE Canadian stock index futures pulls upwards, investors awaiting the Bank of Canada’s decision expected this week. THE Wall Street futures are progressing ahead of a week full of central bank meetings, important economic data and company results. THE European stocks progress, while the Nikkei Japanese hit a new 34-year high as the record close of the US S&P 500 index on Friday boosted investor sentiment. THE shares of China and Hong Kong collapsed as continued foreign capital outflows and increased short-selling undermined confidence already undermined by the region’s faltering economy. THE American dollar changed little, while the gold price fell as hopes for a March interest rate cut by the Federal Reserve faded. At the same time, the oil price increased following geopolitical concerns in the Middle East.

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HEADLINES TO FOLLOW

• Gildan Activewear Inc: The Canadian clothing maker said Sunday it had learned that activist fund Browning West, LP’s purchase of Gildan shares last month violated U.S. antitrust laws. This operation would constitute an “illegal” attempt to reappoint former general manager Glenn Chamandy to his duties and ultimately take control of his board of directors, Gildan said. The company added that Browning violated U.S. antitrust law by failing to notify the acquisition of voting securities to the Federal Trade Commission and the U.S. Department of Justice, and by failing to comply with the deadline mandatory waiting period of 30 days. “Browning West’s stock acquisitions barely allowed it to cross this threshold,” Gildan said in a statement. According to Browning West, Gildan is attempting to prevent shareholders from reconstituting the board of directors at a legitimately requested special meeting, the company said in a separate statement.

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