A look at the day ahead in European and global markets from Ankur Banerjee
and failed to surprise, with markets broadly shrugging off the hawkish tone and still pining for a rate cut sometime this year.
Asian shares continue their bright start to the year with investors pinning their hopes on a swift rebound of the world's second-biggest economy after China dismantled much of its stringent COVID-related curbs. Now, how fast that recovery will be is something that remains to be seen, especially with rising infections taking a toll.shrank last month as surging COVID infections hit demand, a private-sector survey showed on Thursday, underscoring the challenges facing the country.
Market focus will switch to Friday's U.S. payrolls data but before that a clutch of European data could provide more clues as to where inflation is headed in Europe., which unexpectedly dropped below 7%, added to the hope that the worst of the cost-of-living crisis in Europe is over. Over in the corporate world, the tech industry's layoffs, which amounted to more than 150,000 workers in 2022, don't seem to end. Salesforce Inc
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