Putin Says He’s Ready to Meet Trump, Hasn’t Seen Syria’s Assad (19.12.2024)
President Vladimir Putin said he’s willing to hold talks with US President-elect Donald Trump, though he said they haven’t spoken in more than four years.
Trump Says He’s Against Stopgap Government Funding Bill (19.12.2024)
President-elect Donald Trump said he opposes a proposed funding bill and threatened to oust fellow Republicans if they accepted legislation that didn’t include his demands, increasing the likelihood of a government shutdown later this week.
BOJ’s Ueda Hints at Chance of Later Rate Hike, Sending Yen Lower (19.12.2024)
Bank of Japan Governor Kazuo Ueda opened up the possibility of waiting longer for his next interest rate hike in comments that lowered expectations of a January move and hammered the yen.
US Treasuries Slide as Fed Signals Fewer 2025 Interest-Rate Cuts (18.12.2024)
The US Treasury market tumbled as traders took the Federal Reserve’s revised forecasts as reason to slash their expectations for interest-rate reductions next year.
China Banks Raise Mortgage Rates For the First Time Since 2021 (19.12.2024)
Chinese banks raised new mortgage costs for the first time in three years, new data from a research firm shows, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy.
PBOC Offers Strongest Yuan Support Since July After Dollar Gains (19.12.2024)
China ramped up support for its currency via the daily reference rate after the Federal Reserve’s caution over future interest rate cuts boosted the dollar and sent the offshore yuan to a one-year low.
ECB Should Keep Consistent Pace of Rate Cuts, Simkus Says (19.12.2024)
The European Central Bank should keep lowering borrowing costs at the current pace as inflation is increasingly under control, according to Governing Council member Gediminas Simkus.
Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back (19.12.2024)
Central banks across Asia face a difficult decision after the Federal Reserve’s hawkish cut — stage a costly fight back against dollar strength, or stand by and watch their currencies falter.
VW Nears Labor Deal That Would Keep German Car Plants Open (19.12.2024)
Volkswagen AG and labor leaders are moving closer to an agreement to restructure the automaker’s namesake brand without shuttering factories in Germany, according to people familiar with the matter.
S&P 500 Sees Worst Fed Day Since 2001; Yields Up (19.12.2024)
The Federal Reserve jarred US markets Wednesday, pushing stocks lower and sending Treasury yields soaring, after forecasting fewer interest rate cuts next year. It was the worst loss for the S&P 500 on the day of a rate decision since 2001.
Europäische Aktien schließen sich dem globalen Rückgang nach dem Fed-Schock an (19.12.2024)
European stocks mirrored losses in Asia and the US session after a hawkish pivot by the Federal Reserve jolted markets. The yen slid as the Bank of Japan left borrowing costs unchanged.
US Graphite Firms Seek 920% Duty to Thwart China on EV Material (19.12.2024)
US producers of a crucial material used in electric vehicle batteries have initiated a trade action seeking sharp tariff increases on Chinese graphite, arguing that Beijing’s massive state subsidies are artificially lowering prices and making it impossible for their companies to compete.
Fed Lowers Interest Rates by Quarter Point at Meeting Today (18.12.2024)
Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs.
EU-Mercosur Trade Deal: What Does the Europe-South America Agreement Involve? (18.12.2024)
The European Union and South American nations have spent more than a quarter of a century trying to strike a deal on free trade. The negotiations took on new urgency this year as a looming trade war between the world’s biggest trading partners — the US and China — spurred other regions to seek out new commercial partnerships to soften the blow.
Fed Set to Cut Rates at Last 2024 Meeting, Update US Inflation Forecast (18.12.2024)
Federal Reserve officials are likely to lower borrowing costs for a third-straight meeting this week while also signaling fewer interest-rate cuts next year than previously projected.
Debt Dangers Loom Large for Trump Treasury Nominee Scott Bessent (18.12.2024)
Trump’s choice to run US government finance was part of the Soros team that crashed the pound. His new reality is more complex than any exchange-rate wager.
Bond Traders Target Deeper 2025 Fed Rate Cuts Than Market Sees (18.12.2024)
Bond traders have been boosting options and futures wagers that the Federal Reserve is about to signal deeper interest-rate cuts next year than the market anticipates.
US Homebuilder Outlook Jumps on Optimism Trump Will Cut Red Tape (17.12.2024)
Home builders’ outlook for the next six months rose to the highest in more than 2 1/2 years on optimism that the upcoming Trump administration will help remove construction regulatory hurdles and boost sales.
Weather Derivatives: What Are They, And Why Is Demand Soaring? (17.12.2024)
As the world’s climate becomes increasingly volatile, businesses that depend on predictable weather are turning to financial products that compensate them when there’s a heat wave, a drought or an unusually persistent bout of rain.