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

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.

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.

Colombia became the latest Latin American country to raise tariffs on Chinese steel, as producers complain of the threat to local jobs from cheap imports.

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.

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.

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.

Old paradigms of globalization are shifting.

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.

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.

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.

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.

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.

Catch up: Israel kills Hamas leader; India faces more questions over extrajudicial killings

Gold hat in den letzten Wochen neue Rekorde geknackt, auch Silber ist gestiegen. Laut Experten könnte es aber weiteres Aufwärtspotenzial geben – auch wegen der Energiewende.

Catch up: Israel kills Hamas leader; India faces more questions over extrajudicial killings

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.

Investors are mispricing the prospect that the European Central Bank will lower interest rates as much as the Federal Reserve, according to Mohamed El-Erian, the president of Queens’ College, Cambridge.

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.

European Central Bank officials reckon another interest-rate cut in December is highly likely, with inflation to settle at 2% faster than envisaged, according to people familiar with the matter.

The European Central Bank lowered interest rates for the third time this year as a hastier retreat in inflation allows it to offer support to the region’s stuttering economy.

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.

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.

Israeli soldiers killed Hamas leader Yahya Sinwar, the architect of the Oct. 7 attack, in a death that leaves a huge hole at the top of the militant group and spurred fresh US pressure for Prime Minister Benjamin Netanyahu to end the war in the Gaza Strip.