(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts (12.11.2024)
Currency strategists are ripping up forecasts for the euro in the wake of the US election and coming up with a new call: a slide toward parity with the dollar.
Scholz, Trump Discuss US-German Cooperation, Peace in Europe (12.11.2024)
Chancellor Olaf Scholz told US President-elect Donald Trump that Germany is ready to continue “decades of successful cooperation” between the two countries.
ECB Is Set to Step Up Focus on Geopolitical Risks at Banks (12.11.2024)
The European Central Bank plans to demand more information from banks about their exposure to geopolitical risks as supervision head Claudia Buch puts her stamp on the institution.
China Seen Countering Trump Tariffs With Stimulus, Weaker Yuan (12.11.2024)
China may embrace greater stimulus, bolster manufacturing, and allow the yuan to weaken to offset the negative effects of a second Trump presidency on the Chinese economy, analysts said.
Bitcoin (BTC) Record Lifts Crypto Market Value Past Pandemic-Era Peak (12.11.2024)
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.
Sorge vor Kehrtwende: COP29-Auftakt im Schatten von Trump-Sieg (11.11.2024)
Die am Montag gestartete 29. UNO-Weltklimakonferenz (COP29) steht im Schatten des Wahlsieges von Donald Trump. Der designierte US-Präsident hatte bereits zuvor angekündigt, eine Kehrtwende beim Klimaschutz einleiten zu wollen. Viele Staaten zeigten sich deshalb in vorangegangenen Verhandlungen abwartend. Der aktuelle US-Klimachef John Podesta stellte in Aussicht, den Kampf gegen den Klimawandel dennoch fortsetzen zu wollen. Zugleich nahm er aber auch China stärker in die Pflicht.
China’s Credit Growth Disappoints as Lending Lags Bond Sales (11.11.2024)
China’s credit expansion slowed more than expected in October, as a surge in government bond sales far exceeded growth in lending during a traditionally slow month for financing activity.
Tesla (TSLA) Devotees Go All In Driving $300 Billion Rally on Trump Win (11.11.2024)
Tesla Inc. fans have been reinvigorated by Donald Trump’s presidential triumph. The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker.
MicroStrategy Buys $2.03 Billion of Bitcoin (BTC, MSTR) (11.11.2024)
MicroStrategy Inc. purchased about 27,200 Bitcoin for around $2.03 billion, in one of the largest acquisitions of the digital asset by the crypto hedge-fund proxy.
China Electric Vehicle Tariffs: EU Sees Little Chance of Quick Deal (11.11.2024)
The European Union sees very limited progress in negotiations with China aimed at finding an alternative to tariffs on electric vehicles and the bloc currently sees little prospect of a quick deal, according to people familiar with the matter.
Fed’s Kashkari Says Economy Strong, But Inflation Not Vanquished (11.11.2024)
Federal Reserve Bank of Minneapolis President Neel Kashkari said the US economy has remained remarkably strong as the central bank progressed in beating back inflation, but the Fed was still “not all the way home.”
China Nears Record $1 Trillion Trade Surplus as Trump Returns (11.11.2024)
China’s trade surplus is on track to hit a fresh record this year, increasingly leaving it on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce that risks provoking President-elect Donald Trump.
China consumer prices rise at slowest pace in 4 months, despite stimulus (11.11.2024)
China's consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy.
Chinese Stocks in Hong Kong Fall as Fiscal Plan Fails to Impress (11.11.2024)
Chinese stocks in Hong Kong declined after a high-profile legislative meeting let down some investors who had been hoping for large-scale stimulus to revive domestic demand and combat deflation.
Trump Is Likely to Exempt Canadian Energy From Tariffs, Wilbur Ross Says (10.11.2024)
President-Elect Donald Trump will follow through on his plans to hit imports with tariffs but is likely to carve out exemptions for sectors such as Canadian oil and gas, former US Commerce Secretary Wilbur Ross said.
ECB’s Holzmann Says December Rate Cut Possible, Kleine Reports (10.11.2024)
European Central Bank Governing Council member Robert Holzmann said a December interest-rate cut is a possibility but by no means guaranteed, according to an interview with Kleine Zeitung published on Sunday.