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Oil was poised for a deep weekly loss on persistent concerns about soft demand and ample supply, with OPEC+ delaying a planned increase in production amid the dour outlook.

Europe is stalling for time in the electric-car race as the region’s automakers struggle with the transition and politicians become wary of fueling voter frustrations.

The European Central Bank won’t react to a weakening euro-zone economy by lowering interest rates more rapidly, according to a survey of analysts.

Stagnation statt Wachstum: Das ifo-Institut hat seine Konjunkturprognose gesenkt, auch andere Institute rechnen für 2024 nicht mehr mit einem Wachstum. Wie schlecht geht es der Wirtschaft wirklich? Von L. Hiltscher.

Asian stocks regained some ground after a global selloff as traders awaited this week’s US payrolls data to gauge the extent of the Federal Reserve’s easing.

The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve will slash interest rates by a half-percentage-point this month faces its biggest test yet from Friday’s US jobs report.

Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his agenda to Wall Street and corporate leaders in New York.

US interest rates will settle in a range of between 3% and 4% after reductions by the Federal Reserve, according to Oaktree Capital Management LP’s Howard Marks.

Oil fluctuated between gains and losses after risk-off sentiment in broader markets vied with an OPEC+ agreement to pause its planned crude production increase for two months.

Rate options traders stepped up wagers that the Federal Reserve will kick off its easing cycle with a half-percentage-point cut this month, reflecting the increasing speculation that policymakers will act aggressively to keep the economy from sputtering.

A vast majority of global banks now expect China’s economy to grow less than 5% this year, with Bank of America Corp. the latest to slash its forecast, joining the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co.

JPMorgan Chase & Co. abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections in addition to growth headwinds and tepid policy support.

Catch up: Barnier named as France’s PM; more bad news for American jobs

The stock market could be heading for correction if payrolls data comes in weak on Friday, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs Group Inc.

Ukrainian officials are preparing for the International Monetary Fund this week to push it to devalue its currency faster, cut interest rates and strengthen its tax-raising efforts to fill the country’s budget gap, according to people familiar with the situation.

Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.

China is considering cutting interest rates on as much as $5.3 trillion of mortgages in two steps to lower borrowing costs for millions of families while mitigating the profit squeeze on its banking system.

Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank’s two mandates — stable prices and maximum employment — are now in balance for the first time since 2021, though he added he is “not quite prepared” to declare victory over inflation.

US job openings fell in July to the lowest Sinne the start of 2021 and layoffs rose, consistent with other signs of slowing demand for workers.

Republican nominee Donald Trump and running mate JD Vance are campaigning on a grab bag of tax cut proposals that could collectively cost as much as $10.5 trillion over a decade, a massive sum that would exceed the combined budgets of every domestic federal agency.

Volvo Car AB abandoned a target to sell only fully electric cars by the end of this decade, the latest manufacturer to walk back its EV ambitions due to waning demand.

Stocks in Asia were poised for losses after US benchmarks posted their worst day since the Aug. 5 market meltdown, with concerns about growth and monetary policy combining to torch risky assets.

Volkswagen AG defended plans to consider unprecedented factory closures in Germany, saying flagging car sales have left the company with about two plants too many.

The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant AI computing provider.

Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections, cautioning that US GDP faces a hit in the case of a win for Donald Trump.

Catch up: Nvidia shares plunge; Ukraine reshuffles its government

Oil sank even further after crashing to the lowest level this year on concern that fragile demand and restored supplies from OPEC+ will create a new glut.

Einen Tag nach dem folgenschweren Raketenangriff auf die zentralukrainische Stadt Poltawa hat die russische Armee auch in der Nacht auf Mittwoch ukrainische Städte ins Visier genommen. Neben Kiew wurde auch Lwiw im Westen des Landes Ziel russischer Angriffe. In der Ukraine steht überdies eine größere Regierungsumbildung an, davon betroffen ist auch der bisherige Außenminister Dmytro Kuleba.