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Short-maturity Treasury yields were poised to end a volatile session lower after several Federal Reserve officials said they backed additional interest-rate cuts as soon as this month.

China’s services activity expanded less than a month earlier, a private survey showed, a sign that consumer demand remains sluggish despite Beijing’s recent stimulus push.

The European Central Bank will continue to ease policy in the coming months, Governing Council member Olli Rehn told Finnish newspaper Helsingin Sanomat.

Bei der STIWA Group mit Sitz in Attnang-Puchheim (Bezirk Vöcklabruck) steht ein umfangreiches Sparpaket bevor. Ein großer Teil der 2.100 Beschäftigten dürfte vorübergehend freigestellt werden. Die Gespräche mit dem Betriebsrat und dem Arbeitsmarktservice (AMS) laufen.

Die österreichische Wirtschaft wird sich laut der Organisation für wirtschaftliche Zusammenarbeit und Entwicklung (OECD) im kommenden Jahr leicht erholen. Sie rechnet für 2025 mit einem realen Wachstum des Bruttoinlandsprodukts (BIP) von 1,1 Prozent, 2026 soll dann ein Plus von 1,4 Prozent folgen. 2024 dürfte die österreichische Wirtschaft noch um 0,5 Prozent schrumpfen, wie die Organisation am Mittwoch in ihrem ökonomischen Ausblick mitteilte.

Die Sanierung der insolventen Möbelkette kika/Leiner ist gescheitert. Am Mittwoch gab der Insolvenzverwalter per Aussendung bekannt, dass der Sanierungsplan vom Unternehmen zurückgezogen worden sei. Damit wird das Insolvenzverfahren nun zu einem Konkursverfahren. Betroffen sind auch über 1.300 Mitarbeiterinnen und Mitarbeiter und zahlreiche Kundinnen und Kunden.

The global economy faces proliferating risks ranging from trade tensions to wars and debt troubles that could threaten its “remarkable resilience” of past years, the OECD said.

Central banker Christine Lagarde needs to point to a steady unwinding of restrictive interest rates.

Catch up: calls for impeachment in South Korea; Namibia’s first female president

Catch up: calls for impeachment in South Korea; Namibia’s first female president

Follow the latest updates on market reactions, political moves and protests.

Federal Reserve Bank of San Francisco President Mary Daly said an interest-rate cut this month isn’t certain but remains on the table for policymakers.

I’m Chris Anstey, an economics editor in Boston, and today we’re looking at India’s ties with the US under the incoming Trump administration. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Since the euro came into existence in 1999, the currency has traded at equal value to the US dollar only a handful of times. The last instance was in 2022, after Russia’s full-scale invasion of Ukraine sparked an energy crisis in Europe and provoked fears of a recession, plunging the currency pair to a 1:1 ratio for the first time in two decades. Now, market watchers see a chance it will happen again.

German Foreign Minister Annalena Baerbock said that NATO membership for Ukraine could be part of a potential peace deal with Russia, which could also include conceding some occupied Ukrainian territory.

China announced an outright ban on several materials crucial to chip-making from being exported to the US citing concerns over military usage, in a tit-for-tat move after President Joe Biden’s government escalated technology curbs on Beijing.

European Central Bank Governing Council member Robert Holzmann said any reduction in interest rates at next week’s decision will be “moderate.”

Der Handelsstreit zwischen Peking und Washington spitzt sich zu. China lässt die Ausfuhr von Gallium, Germanium und Antimon in die USA nicht mehr zu. Man verwendet die Materialien für Mikrochips oder Glasfaserkabel.

The European Central Bank’s data-dependent and gradual approach to setting monetary policy remains appropriate, Governing Council member Martins Kazaks says in presentation for online event.

OPEC+ is making progress toward an agreement to delay its oil-production revival by another three months, delegates said.

Surveys since Donald Trump’s election victory show American companies are growing more upbeat about their prospects in anticipation of more pro-business policies and less regulatory burden.

China’s central bank governor reaffirmed plans for a supportive monetary policy to promote growth next year, as the economy faces fresh challenges from a looming trade war with the US during Donald Trump’s second term.

Federal Reserve Bank of New York President John Williams said officials will likely need to lower rates further to move policy to a neutral stance now that risks to inflation and employment have become more balanced.

Bank of Japan Governor Kazuo Ueda has plenty of data to support the case for raising the benchmark rate in December, an outcome that would mark the first tightening of policy three times in a calendar year since the peak of Japan’s asset bubble in 1989.

Bitcoin bulls are starting to express some doubts after what seemed like an inevitable march toward a record high price of $100,000 loses momentum.

China’s top leaders plan to start the annual closed-door Central Economic Work Conference next Wednesday to map out economic targets and stimulus plans for 2025, according to people familiar with the matter.

Zu Beginn der Woche hat es bei einer UNO-Konferenz zu Umwelt und Klima erneut einen Rückschlag gegeben – wieder einmal aufgrund einer Blockade von Saudi-Arabien. Die Konferenzen geraten zunehmend unter Zugzwang. Doch ob die nächste, die ausgerechnet in Riad stattfindet, einen Erfolg bringen kann, bleibt fraglich, nicht zuletzt das Einstimmigkeitsprinzip hat sich bisher als unüberwindliche Hürde erwiesen.

Turkish consumer prices rose more than expected last month, suggesting the central bank will start cutting interest rates at a slower pace than anticipated.

Catch up: South Korean parliament blocks martial law; China escalates trade war