Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Read More Market bets for 2024 thrown into chaos by US recession conundrum
Market capitalizations of global mega-cap companies surged, buoyed by a decline in U.S. yields and growing anticipation of potential rate cuts amid diminishing worries about inflation.
Read More Tech giants lead surge in global mega-caps as inflation eases
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening