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Analysis-Bulging warehouses mean lean times for longer for US, European companies

Lean times faced by many U.S. and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. Full-to-bursting warehouses means fewer orders for manufacturers, which translates into lower levels of business activity and, ultimately, weaker growth. The high stock levels are the result of retailers, wholesalers and manufacturers stockpiling everything from beer to DIY tools, chemicals and clothes as COVID-19 ...
New York United States City Of United Kingdom Helen Reid Jane Merriman
Source: yahoo.com

Dollar to remain steadfast in coming months, say FX strategists: Reuters poll

The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain higher for longer, according to FX strategists polled by Reuters. Renewed strength in the dollar coincided with a dent in the euro's stellar run over the past few weeks - it is still up roughly 2.4% against the dollar for the year - on firming expectations the European Central Bank is done hiking rates. The dollar ...
Alex Richardson Indradip Ghosh Sujith Pai Christine Lagarde Societe Generale Veronica Khongwir
Source: yahoo.com

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