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.
China Capital Exodus Reaches Record Speed on Tariff Threat (17.12.2024)
China suffered the biggest outflow on record from its financial markets last month as the prospect of higher US tariffs posed more risks for the world’s second-largest economy.
Confidence of Foreign CEOs in China Slides Despite Stimulus (17.12.2024)
A key measure of CEO confidence in China signaled pessimism for the first time since the pandemic even after the nation unleashed a raft of stimulus measures.
Germany to Cut Federal Debt Sales 13% to €380 Billion in 2025 (17.12.2024)
Germany will reduce federal debt sales by 13% next year as the government scales back despite a sputtering economy and pressure to support Ukraine’s defense against Russia.
Germany Business Outlook Slumps Amid Economic Uncertainty (17.12.2024)
German business expectations sank in December, highlighting the challenges for Europe’s top economy with snap elections likely to bring a change of government.
T. Rowe Raises Prospect of Treasury Yields at 6% on Fiscal Risks (17.12.2024)
Treasury 10-year yields may climb to 6% for the first time in more than two decades as US fiscal woes worsen and Donald Trump’s policies help keep inflation elevated, according to T. Rowe Price.
Hungary, Romania, Czech Republic Likely to Hold Interest Rates (17.12.2024)
Eastern Europe is sidestepping a wave of monetary easing that’s spreading across major economies in anticipation of potential turmoil as Donald Trump returns to the White House.
ECB’s Rehn Sees Direction Clear on Interest Rates as Inflation Stabilizes (17.12.2024)
European Central Bank interest rates will continue to head lower as inflation starts to stabilize around the 2% goal, according to its Governing Council member Olli Rehn.
China Plans Around 5% Growth Goal, Higher Deficit, Reuters Says (17.12.2024)
Chinese leaders plan to set an annual growth goal of about 5% for next year and raise the budget deficit to 4% of gross domestic product, Reuters reported, citing two people it didn’t identify.
Trump and SoftBank CEO announce the company will invest $100 billion in US projects | CNN Politics (17.12.2024)
President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the next four years with a goal of creating 100,000 new jobs, according to two people familiar with the announcement.
China’s Factories Seek to Trump-Proof Business by Going Global (16.12.2024)
Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.”
Argentina Exited Recession in 3Q as President Milei Eyes Growth Before Mid-Terms (16.12.2024)
Argentina emerged from a brutal recession in the third quarter, boosting the odds that President Javier Milei heads into next year’s mid-term elections with growth on the rebound alongside cooling inflation.
Scholz verlor Vertrauen: Weg frei für Neuwahl in Deutschland (16.12.2024)
Deutschlands Kanzler Olaf Scholz (SPD) hat am Montag wie erwartet die Vertrauensabstimmung im Bundestag verloren. Damit ist der Weg für die Auflösung des Bundestages und eine Neuwahl frei. 394 Abgeordnete votierten gegen ihn, 207 sprachen ihm das Vertrauen aus, 116 enthielten sich.
ECB Broadly Comfortable With Market’s Rate-Cut Bets, Wunsch Says (16.12.2024)
Investor bets on how much lower the European Central Bank’s interest rates will have to fall are relatively consistent with policymakers’ own assessments, according to Governing Council member Pierre Wunsch.
Cocoa Hits New Record in Blow to Chocolate Makers and Consumers (16.12.2024)
Cocoa futures reached a fresh record in New York as the market grapples with renewed supply concerns, increasing the chances that the high costs already plaguing chocolatiers and consumers will worsen.
Österreich wird in den kommende Jahren Löcher im Staatshaushalt zu stopfen haben. Grund ist die schwache Konjunktur bei gleichzeitig steigenden öffentlichen Ausgaben. In seinem am Montag veröffentlichen Jahresbericht warnt der Fiskalrat eindringlich vor wachsenden Staatsschulden, sollte nicht gegengesteuert werden. Die Empfehlung lautet: „Konsolidierung ohne Tabus“ – aber mit Bedacht.
China Will Keep Trying to Spur Consumption Without Big Stimulus (16.12.2024)
China’s top leaders have signaled stronger stimulus to help fill a hole in consumer demand. That doesn’t mean Beijing will roll out a “bazooka” package just yet, or abandon its factory focus.
Lagarde Says ECB to Cut Further With Inflation Close to Goal (16.12.2024)
The European Central Bank will lower borrowing costs further as the inflation spike of recent years increasingly moves into the rear-view mirror, bringing the 2% target within reach, President Christine Lagarde said.