European shares retreated Monday after a mixed session in Asia as attention turned to Wednesday’s decision by the Federal Reserve on interest rates.
People walk past an electronic stock board at Taipei Exchange in Taipei, Taiwan, Monday, Jan. 30, 2023. Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. – , raising hopes for a smaller increase that’s less painful than last year’s aggressive hikes. The measure the Fed prefers, which doesn’t count food and energy costs, was 4.4% higher in December than a year earlier. That was down from 4.
The company denied it was planning such a change, saying the new campus in Singapore will house regional operations with partners like Lazada. Alibaba is headquartered in the east Chinese city of Hangzhou. Its flagship, Adani Enterprises, gained 2.3%, but shares in some other Adani listed companies fell between 5% to 20%.
So far, the jobs market has remained resilient despite a slowing overall economy, with almost all high-profile layoffs within the tech industry after it raced to expand when the pandemic sent demand for technology soaring.Reports Friday showed that income growth for Americans slowed in December, while consumer spending fell a bit more sharply than expected.
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