Archive January 2023

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Week InAdvance: January 30, 2023

Mon Jan 30 Mainland Chinese markets reopen after Lunar New Year. | Tue Jan 31 French unions have called for more strikes over a proposed increase in the minimum retirement age. | Wed Feb 1 FOMC rate decision. Tokyo Roundtable. Widespread strikes in the UK. | Thu Feb 2 Groundhog Day in the US. G20 Sustainable Finance Working Group meets. | Fri Feb 3 US monthly payrolls. EU-Ukraine summit. | Sat Feb 4 World Cancer Day. | Sun Feb 5 The Grammys.


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Week InReview: January 27, 2023

Markets rally.

Stocks in Asia are set to follow the US higher after a rally in tech shares. The S&P 500 closed at the highest level in more than a month, and the Nasdaq 100 rose 2% to the highest level since September, led by an 11% gain for Tesla. Equities in Australia rose as trading resumed, and futures in Japan and Hong Kong gained. India’s equity market also reopens after a holiday while mainland China remains closed until Monday.


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Week InAdvance: January 23, 2023

Mon Jan 23 US Supreme Court releases an order list. | Tue Jan 24 Russia’s invasion of Ukraine reaches one-year mark. Doomsday Clock announcement. Academy Awards. | Wed Jan 25 SEC meets to consider conflict rules. MSRB board meeting. | Thu Jan 26 4Q GDP. PRI infrastructure & biodiversity workshops. | Fri Jan 27 EBA launches EU-wide stress test of banks.


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Week InReview: January 20, 2023

Billionaires & bankers, but no Biden.

Photo: Fabrice Coffrini | Agence France-Presse

(Jan 19) — The world’s elite flocked back to the Swiss ski village of Davos this week, celebrating the post-pandemic return of the World Economic Forum. But among the assembled billionaires, bankers, politicians and philanthropists, there was a low-level grumble: Where are the Americans?


Among the absentees was President Joe Biden, who presides over the world’s largest economy. Vice President Kamala Harris and Secretary of State Antony Blinken also were no-shows. Nobody from the White House was dispatched to the summit.


Three Cabinet secretaries attended — Labor Secretary Marty Walsh, Director of National Intelligence Avril Haines and Trade Representative Katherine Tai. None of them delivered keynote speeches.


Treasury Secretary Janet Yellen traveled this week to Zurich — just two hours by train from Davos — to meet with Chinese Vice Premier Liu He, then left for a previously scheduled trip to Africa.


— Bloomberg Politics


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Week InAdvance: January 16, 2023

Mon Jan 16 Martin Luther King Jr. Day holiday in the US, financial markets closed. Davos forum begins. | Tue Jan 17 NY Fed event. | Wed Jan 18 Fed's Beige Book. | Sat Jan 21 New year’s eve in China, markets closed. | Sun Jan 22 Celebrations mark the start of the Year of the Rabbit.


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Week InReview: January 13, 2023

Davos problems.

Next week, the World Economic Forum holds its annual meeting in Davos, Switzerland, where the business, political and academic elite will share insights and start framing plans for the year ahead. Here’s what’s keeping them up at night.


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Week InAdvance: January 9, 2023

Mon Jan 9 G20 financial inclusion meeting in India. | Tue Jan 10 Central bank symposium in Sweden. Golden Globes. | Wed Jan 11 IMF, EC, FinMins, central bankers in Vienna. | Thu Jan 12 CPI inflation rate data for December. | Fri Jan 13 Japanese prime minister Fumio Kishida, US President Joe Biden at the White House. | Sat Jan 14 Orthodox New Year. | Sun Jan 15 Delegates in Davos for World Economic Forum, back as in-person event on Monday.


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Week InReview: January 6, 2023

A glimpse into the notoriously opaque private markets.

Photographer: Bloomberg Creative Photos/Bloomberg

(Jan 5) — The pain – and the questions – kept coming as big name hedge funds took turns marking down the value of their stakes in private companies. Every time they wrote down holdings by millions – or even billions – of dollars, investors last year questioned whether they had gone far enough. Now, an exclusive Bloomberg News analysis offers a glimpse into one of the most opaque corners of the investing world, and the findings aren’t reassuring.


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Week InAdvance: January 2, 2023

Mon Jan 2 US markets are closed in observance of New Year’s Day holiday. | Tue Jan 3 Opening day of the 118th US Congress. | Wed Jan 4 US FOMC meeting minutes. | Thu Jan 5 CES in Las Vegas. | Fri Jan 6 US nonfarm payrolls/unemployment rate.


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