News

(Bloomberg) -- France is calling for a major reworking of European regulations, starting with ESG rules, as the bloc struggles to revive its competitiveness against a backdrop of sweeping deregulation across the Atlantic driven by US President Donald Trump.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banni

"The head of the genie is in the bottle, most of the body of the genie is in the bottle, kind of getting stuck there, but the legs are kind-of hanging still out," Georgieva told the World Economic Forum when asked if the 'genie' of inflation had been defeated.

(Bloomberg) -- Stock gains could become more broad-based as global central banks cut interest rates faster than the Federal Reserve, helping growth to pick up, according to Bank of America Corp. strategists.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Clos

Outflows from U.S. equity funds cooled to the lowest in three weeks in the week to Jan. 22, buoyed by shifting expectations for a pause in rate cuts after a benign U.S. core inflation report bolstered equities. Weekly net selling in U.S. equity funds fell off to $3.2 billion during the week from about $8.26 billion worth of net outflows in the prior week, data from LSEG Lipper showed. Outflows from large- and mid-cap funds cooled to $2.68 billion and $972 million from $4.35 billion and $1.57 billion, respectively, in the previous week.

Global equity funds gained a fourth weekly inflow in five weeks in the week through Jan. 22 spurred by optimism for U.S. Federal Reserve rate cuts following cooling inflation and President Donald Trump's plans for extensive AI infrastructure spending. According to LSEG Lipper data, global equity funds attracted a net $7.42 billion worth of inflows during the weeks after having lost about $4.3 billion in outflows in the prior week. The MSCI World index has rallied nearly 5%, since the announcement of inflation report on Jan. 15, while the Europe's continent-wide STOXX 600 index hit a record high of 530.55 on Wednesday.

The core CPI for Japan's capital will come out after the Bank of Japan on Friday raised interest rates to their highest in 17 years, underscoring its confidence that rising wages will keep inflation stable around its 2% target. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, likely rose 2.5% year-on-year in January after a 2.4% gain in December, the median forecast of 16 economists showed. "Electricity and gas prices remained high and gains in gasoline prices likely pushed up inflation," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.

Oil prices fell after Trump's comments, while the 10-year US Treasury yield rose, signaling that Trump may have less influence on interest rates.