The trailing 12-month P/E ratio for
SPX
of 19.9 is below the 5-year average (22.6) and below the
10-year average (20.6).
earnings |
00:01 -
14/02/23 |
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The Dollar fall versus Euro is mostly due to rate
differentials (pink), with markets pricing a more hawkish
ECB than Fed. That's ending, as downside inflation surprises
in the Euro zone start piling up. The Euro will resume its
fall below parity, which is where it needs to be... |
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Turkey ran its biggest current-account deficit in at least a
decade after a surge in gold imports and the cost of energy,
with unexplained inflows of capital helping finance nearly
half the shortfall |
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China’s cash squeeze eases, with a gauge of overnight
funding costs dropping the most in a week, after the central
bank injected some $150 billion into the financial system
over three sessions |
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Singapore's economy grew 3.6% in 2022, slightly below
estimates, and reaffirmed its growth forecast for 2023 |
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