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The scope for monetary easing when the Fed eventually cuts its policy rate is more restricted in Indonesia and the Philippines due to higher inflation and currency weakness. Meanwhile, Malaysia and Thailand have their respective central bank policy rates below the Fed’s current level.
Inventory and affordability woes are a challenge, but the economy might offset those pressures, Jenna Stauffer of Sotheby's International Realty says.
LONDON (Reuters) -Italian yacht maker Ferretti, pursuing an additional listing of shares in Milan, started taking stock orders from investors on Wednesday, as the luxury sector defies a tough economic backdrop. It expects to price and allocate shares among investors by the end of the week, with a view to debuting in Milan on June 27, according to a timetable of the deal. The broader economy has suffered from inflation, the lingering impact of pandemic and the Ukraine war, and a general lack confidence in other sectors has translated into a dearth of new listings, but European luxury stocks h...