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Applications for US unemployment benefits ticked up for the first time in three weeks, consistent with a gradual slowdown in hiring.

US producer prices picked up only slightly in August after the previous month’s numbers were revised lower, and categories that feed into the Federal Reserve’s preferred inflation gauge were muted.

Chinese President Xi Jinping called on government officials at all levels to achieve the country’s annual growth target of around 5%, but couched it in less forceful terms than usual.

Gold climbed to a record after another faster-than-forecast US inflation print and an uptick in applications for unemployment benefits did little to alter bets that the Federal Reserve will cut interest rates next week.

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Die Europäische Zentralbank (EZB) senkt nach der geldpolitischen Wende im Juni abermals ihren zentralen Leitzins. Der für die Finanzmärkte maßgebliche Einlagesatz wurde um 0,25 Prozentpunkte auf 3,5 Prozent nach unten gesetzt, teilte die EZB am Donnerstag in Frankfurt mit. Wie es im Oktober weitergeht, ließen die Währungshüter um EZB-Chefin Christine Lagarde offen.

Goldman Sachs says weaker economic growth will lead both the European Central Bank and the Bank of England to cut interest rates at a faster pace than it previously expected.

Morgan Stanley sees the euro sliding toward parity with the dollar within months on the risk markets move to price in more aggressive policy easing by the European Central Bank to tackle a faltering economy.

China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, people familiar with the matter said, even as they build factories around the world to escape punitive tariffs on Chinese exports.

Nach der Zinswende im Juni, als die Europäische Zentralbank (EZB) erstmals nach Jahren die Zinsen um 0,25 Prozent gesenkt hat, steht am Donnerstag wohl der zweite Schritt nach unten an. Die Finanzmärkte gehen fest davon aus, dass EZB-Chefin Christine Lagarde den Einlagensatz um einen Viertelprozentpunkt auf 3,50 Prozent senken wird.

Catch up: Peru’s divisive former leader dies; OpenAI looks to raise $6.5bn

Catch up: Peru’s divisive former leader dies; OpenAI looks to raise $6.5bn

German Chancellor Olaf Scholz joined Spanish Prime Minister Pedro Sanchez in calling for the European Union to drop its plan to impose extra tariffs on Chinese-made electric vehicles, potentially undercutting the bloc’s primary tool for pushing back against Beijing’s state-backed industry.

Goldman Sachs Group Inc. Chief Executive Officer David Solomon said there’s still a chance that the Federal Reserve could opt for a bigger rate cut than expected because of emerging signs of weakness in the employment market.

Top auto manufacturers are underutilizing several factories across Europe.

Oil climbed the most in two weeks as Hurricane Francine ripped through key oil-producing zones in the US Gulf of Mexico, prompting traders to cover bearish bets.

Catch up: Harris’s strong showing in debate; Blinken in Ukraine

Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.

Former US President Donald Trump and Vice President Kamala Harris met for their first debate in Philadelphia on Tuesday, in what could be their most-watched event before Election Day. They clashed over abortion, immigration and foreign relations. When it came to economic policy, they traded barbs over tariffs, inflation and energy proposals. Here are the candidates’ economic statements fact-checked.

Figures are a blow to chancellor Rachel Reeves who has put growth at heart of government’s agenda

Republican Donald Trump and Democrat Kamala Harris sparred for more than 90 minutes Tuesday in a head-to-head matchup that ended with prediction markets showing positive signs for the vice president.

Catch up: Harris’s strong showing in debate; Blinken in Ukraine

The yen led currencies higher versus the dollar, erasing its losses this year as investors reacted to comments from a Bank of Japan board member and to the US presidential debate.

Der US-Wahlkampf hat Dienstagabend (Ortszeit) in Philadelphia einen ersten Höhepunkt erreicht. Die US-Präsidentschaftskandidatin Kamala Harris und ihr Kontrahent Donald Trump überzogen einander in ihrem ersten TV-Duell mit scharfen Angriffen. „Donald Trump hat uns die schlimmste Arbeitslosigkeit seit der Großen Depression hinterlassen“, sagte Harris in der vom Sender ABC übertragenen Debatte. Trump warf der demokratischen Vizepräsidentin einmal mehr vor, eine „radikale Linke“ zu sein.

Democrat Kamala Harris and Republican Donald Trump sparred through their first debate, with the former president often on the defensive over abortion rights, the January 6 insurrection and on foreign policy.