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The European Union and China must continue talks to avoid an escalation of protectionist measures that would lead to a “lose-lose” situation for both economies, Spain’s top economic official said.

China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus package announced earlier that ignited a rally in equities.

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The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.

Federal Reserve Chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labor market holds up.

European Central Bank Governing Council member Peter Kazimir offered the only real resistance so far to a third cut of the year in interest rates next week — despite that outcome looking more and more assured.

„Die aktuelle Budgetsituation ist echt nicht leicht“, hat Fiskalrat-Präsident Christoph Badelt am Mittwoch die Ausgangslage für die künftige Regierung zusammengefasst. In einer Pressekonferenz forderte er gemeinsam mit dem Zentrum für Verwaltungsforschung (KDZ) und dem Wirtschaftsforschungsinstitut (WIFO) rasche Systemreformen. Erneut wurden Zweifel an der Sinnhaftigkeit des Klimabonus für alle laut.

The European Central Bank will very probably lower interest rates next week and will loosen monetary policy again at future meetings depending on progress combating price rises, Governing Council member Francois Villeroy de Galhau said.

China said it would hold a briefing on fiscal policy on Saturday as investors look for additional measures to stimulate the world’s No. 2 economy.

Federal Reserve Vice Chair Philip Jefferson said risks to the central bank’s employment and inflation goals are now closer to equal.

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Eine Militärbasis im Süden Kambodschas deutet darauf hin, dass China seinen Einfluss in Ländern in der Region vergrößern will. Peking ließ dort in den vergangenen Jahren einen eigenen Pier bauen. Laut aktuellen Satellitenbildern liegen dort zwei chinesische Kriegsschiffe vor Anker, wie die BBC am Dienstag schrieb. Kambodscha, das noch vor wenigen Jahren eng mit den USA zusammenarbeitete, beschwichtigte – doch Nachbarstaaten sind besorgt.

Die Sanierung von kikaLeiner schreitet langsamer voran als geplant. Die heimische Möbelkette hat die Zahl der Beschäftigten im Laufe des Jahres von 1.900 auf 1.400 reduziert, wie die Oberösterreichischen Nachrichten (Mittwochausgabe) berichten.

Catch up: Floridians flee Hurricane Milton; Israel sends more troops into Lebanon

New Prime Minister Shigeru Ishiba won’t impede the Bank of Japan’s path toward raising interest rates, with January the most likely timing for its next hike, according to a former executive director in charge of monetary policy.

Chinese Premier Li Qiang vowed to “listen to the voice of the market” when formulating economic policies, in a rare nod to the concerns of the private sector and investors as Beijing seeks to shore up confidence and stabilize growth.

The German economy is likely to experience another year of contraction with the US election posing an additional risk to Europe’s growth, according to Bundesbank President Joachim Nagel.

Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.

The move came days after the European Union pressed ahead in adopting definitive tariffs of up to 45% on China-made battery electric vehicles last Friday.

Ukraine’s allies are detecting that President Volodymyr Zelenskiy may be getting ready to adopt a more flexible approach as they look at ways to help bring an end to Russia’s war, according to officials close to NATO.

Ever since President Xi Jinping sought to draw a line under China’s slowdown last month, investors have clamored for him to back up monetary easing with a powerful fiscal stimulus to help fuel one of the nation’s biggest stock rallies in years.

Federal Reserve Governor Adriana Kugler said the US central bank should keep its focus on bringing inflation back to its 2% target, though with a “balanced approach” that avoids an “undesirable” slowdown in employment growth and economic expansion.

Federal Reserve Bank of St. Louis President Alberto Musalem said he supported the US central bank’s decision last month to lower interest rates by a half point, but emphasized he’d prefer further reductions to be gradual.

Beijing’s pivot toward economic stimulus has sparked fevered stock buying from hedge funds and individual investors. But big asset allocators and multinational companies are wary of rushing back into Asia’s largest economy.

Die Zerstörung, die das Hochwasser in vielen Häusern und Betrieben hinterlassen hat, ist enorm. Ökonomen schätzen die Schadenssumme nun auf mindestens 1,3 Milliarden Euro – die Schäden an Straßen und bei den ÖBB noch nicht mitgerechnet.

Reducing interest rates in October wouldn’t mean that the European Central Bank is certain to do so again at its final meeting of the year, according to Governing Council member Bostjan Vasle.

China said it’s confident in reaching its economic targets this year and promised to further support growth, although it held back in unleashing more major stimulus in a disappointment to investors looking for more fuel for a world-beating stock rally.

China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer interest during the nation’s week-long holiday. Whether the rebound will be sustained is another matter.