An increasingly dire euro-area economy might exacerbate slowing consumer-price growth, according to European Central Bank Governing Council member Olli Rehn.

The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession.

The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.

The number of layoffs at troubled Swedish battery maker Northvolt AB is now at around 1,200 following an announcement from the IF Metall union that more than 800 of its members will be let go from the firm’s key manufacturing site.

Über das Vermögen des Wiener Immobilienentwicklers Lukas Neugebauer rund um die LNR-Gruppe ist am Handelsgericht ein Konkursverfahren eröffnet worden. Laut vorläufiger Gläubigerliste sind 32 Gläubiger mit Gesamtverbindlichkeiten in Höhe von 94 Millionen Euro betroffen.

For the past several months, Federal Reserve Chair Jerome Powell has hammered home the idea that interest-rate decisions will be made meeting by meeting based on incoming data.

Central bankers are concerned that Donald Trump will unleash a new trade war if he returns to the White House, making their job much harder.

Over 100 countries are straddling the geopolitical fault line. For many, it’s working

Federal Reserve Bank of Kansas City President Jeffrey Schmid said he favors a slower pace of interest-rate reductions given uncertainty about how low the US central bank should ultimately cut rates.

Federal Reserve Bank of Minneapolis President Neel Kashkari repeated that he favors reducing interest rates at a slower pace in the coming quarters.

Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.

Catch up: Blinken travels to Israel; airlines suspend flights to Iran

Trotz eines leichten Rückgangs von rund einem Prozent bei den Übernachtungen haben sich Tirols Touristiker am Montag bei der Bilanz zur bisherigen Sommersaison zufrieden gezeigt. Es seien 20,3 Mio. Nächtigungen seien verzeichnet worden. Auch für den Winter gab man sich optimistisch.

Moldawien hat am Sonntag nicht nur eine Präsidentschaftswahl abgehalten, sondern auch über die EU-Annäherung des Landes abstimmen lassen. Das Votum dürfte nach einem Kopf-an-Kopf-Rennen knapp für die EU-Befürworter ausgegangen sein. Diese erlangten nach Auszählung aller Stimmzettel laut Wahlkommission 50,46 Prozent der Stimmen. Präsidentin Maia Sandu sagte, man habe „einen schwierigen Kampf“ auf dem Weg in die EU gewonnen. Zudem übte sie scharfe Kritik an Moskau, dabei bekam sie Rückenwind von der EU.

US stocks are unlikely to sustain their above-average performance of the past decade as investors turn to other assets including bonds for better returns, Goldman Sachs Group Inc. strategists said.

The European Central Bank remains flexible going into its final meeting of 2024, according to Governing Council member Peter Kazimir, who said disinflation is on a “solid footing” and more cuts in borrowing costs are possible.

Old paradigms of globalization are shifting.

Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.

Chinese banks cut their benchmark lending rates after easing by the central bank at the end of September, part of a series of measures aimed at reviving economic growth and halting a housing market slump.

The global economy is heading toward year end with unexpected tailwinds as slowing inflation clears a path for an unlikely soft landing. But while the economics side of the equation is looking up, political hurdles lie ahead.

Gold reached a record on Monday, with safe haven demand continuing to support prices as traders monitored escalating tensions in the Middle East and the increasingly tight US election race.

This year’s furious rally in US stocks is poised to extend into the final stretch of 2024, even as the US presidential election looms as a major wild card, according to the latest Bloomberg Markets Live Pulse survey.

Moldawien hat am Sonntag nicht nur eine Präsidentschaftswahl abgehalten, sondern auch über die EU-Annäherung des Landes abstimmen lassen. Das Votum, mit dem die proeuropäische Regierung die EU-Perspektive des Landes in der Verfassung festschreiben lassen wollte, hat sich zum Kopf-an-Kopf-Rennen entwickelt. Nach Auszählung fast aller Stimmen lagen beide Lager nur einige hundert Stimmen auseinander. Das Endergebnis steht noch aus.

After falling behind on tech trends, German carmakers are scrambling to recover in their biggest and most lucrative market.

Traders are adding to bets that the European Central Bank will need a bumper interest-rate cut in December after policymakers flagged risks to growth as they lowered borrowing costs on Thursday.

The risk of the euro sliding to parity with the dollar is mounting in financial markets after this week’s interest-rate cut and a stark reminder that a Donald Trump presidency could spark a global trade war.

Die Konjunktur ist schwach, das Budgetdefizit steigt, auf die nächste Bundesregierung kommt die eher undankbare Aufgabe zu, den Staatshaushalt zu sanieren. Diese Aufgabe sei sehr dringend, so der Leiter des Wirtschaftsforschungsinstituts (WIFO), Gabriel Felbermayr, am Sonntag in der ORF-„Pressestunde“. Es brauche eine klare Reformagenda, „Tabus“ dürfe es keine geben.

China’s central bank moved to support markets just as data showed the economy expanding the least in six quarters, signaling the government’s intent to continue a stimulus push to draw a line under the slowdown.

The European Central Bank’s third interest-rate cut offers traders some assurance — they can probably keep trusting their instincts for now with bets that a flurry of further moves is on the way.