Preisanstieg bei Kaffee erwartet (28.11.2024)
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Gold Prices Tempt Eastern Europe Central Banks Seeking Stability (28.11.2024)
Earlier this year, the Czech Republic’s central bank chief flew to London to have a look at a swelling stack of gold bars stored in the Bank of England’s concrete-encased vaults beneath Threadneedle Street.
Wage inequality has declined in two-thirds of countries worldwide since start of 21st century (28.11.2024)
With inflation largely easing around the world, global wages are once again rising faster than prices, according to research by the International Labor Organization.
Real wages increased 1.8% on average worldwide in 2023, after falling nearly 1% the year before. Wage growth is seen picking up to a 2.7% pace this year — which would mark the fastest advance in more than 15 years.
Real wage growth in China has been much faster than in other emerging G-20 economies, ILO said in its report. And 2024 figures are showing no sign of slowing down in the country. Excluding China, global wage growth would be 2.3% this year.
ECB’s Lagarde Urges Europe to Negotiate, Not Retaliate on Trade (28.11.2024)
European Central Bank President Christine Lagarde suggested European Union might be in a better position if it talks with the US about potential trade tariffs instead of immediately imposing countermeasures.
Spanish Inflation Jumps to Most Since August on Base Effects (28.11.2024)
Spanish inflation quickened to the fastest pace since August, though the acceleration was driven by base effects and is unlikely to scupper plans for the European Central Bank to continue lowering interest rates.
Problems for Europe’s economy (28.11.2024)
Catch up: Russia strikes Ukrainian infrastructure; displaced Lebanese journey home
Badelt: „Haben strukturelle Krise“ I ORF I (28.11.2024)
Warnung vor Einbruch beim Wohnungsneubau (28.11.2024)
Im Jahr 2026 wird ein Rückgang von 40 Prozent bei Neubauten erwartet. Wien ist davon besonders stark betroffen, warnen Fachleute. Die größte Bauaktivität gebe es in Flächen- und Außenbezirken, die geringste in den Innenstadtbezirken.
US Pending Home Sales Increase to Highest Level Since March (27.11.2024)
Pending sales of US homes unexpectedly rose to a seven-month high in October as a brief drop in mortgage rates lured buyers.
China’s Industrial Profits Extend Fall on Deflation Woes (27.11.2024)
China’s industrial firms saw profits decline for the third straight month, as worsening producer price deflation and sluggish factory output overshadowed the impact of recent stimulus measures.
Europe Awaits Trump Tariff Clash With Its Own New Trade Powers (27.11.2024)
Europe’s worst-case scenario for the future of transatlantic economic relations rose to the surface this week when President-elect Donald Trump gave a clear signal that he’ll use American trade might as a means to exert foreign policy leverage.
Core PCE Index: Fed’s Favorite Inflation Gauge Picks Up, in Line With Forecasts (27.11.2024)
The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.
Black Friday Deals in US Have Been Transformed by Inflation (27.11.2024)
From buying less to gifting secondhand items, US families are adapting to save money.
US GDP Grows at Solid 2.8% Pace, Helped by Consumer Spending (27.11.2024)
The US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending and steady business investment.
US Readies New China AI Memory Chip Curbs, Affecting Huawei, SMIC (27.11.2024)
The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.
ECB Rate Cuts: Schnabel Sees Only Limited Room for Further Reductions (27.11.2024)
The European Central Bank needs to be wary of cutting interest rates too far as borrowing costs are already near a level that no longer restrains the economy and going lower could backfire, according to Executive Board member Isabel Schnabel.
Russia’s economic bind (27.11.2024)
Catch up: Ceasefire in Lebanon; Mexico’s tariff warning
Trump Heralds Unease in Global Halls of Power With Tariff Threat (27.11.2024)
All it took was a single social media post by Donald Trump for world leaders to plunge into response mode, US automaker stocks to tumble and investors to begin scrambling to assess potential economic impact.
KTM AG vor Insolvenz (26.11.2024)
Die KTM AG mit Sitz in Mattighofen im Innviertel bereitet einen Antrag auf ein Sanierungsverfahren mit Eigenverwaltung vor, teilte die Firma des Industriellen Stefan Pierer mit. Der Finanzierungsbedarf sei hoch. Man gehe nicht davon aus, eine Zwischenfinanzierung zeitgerecht sicherstellen zu können.
Fed Minutes Show Officials Prefer Future Interest Rate Cuts to Be Gradual (26.11.2024)
Federal Reserve officials indicated broad support for a careful approach to future interest-rate cuts as the economy remains solid and inflation slowly cools, minutes from their latest policy meeting showed.
Budgetdefizit: Brüssel erwägt Verfahren gegen Österreich (26.11.2024)
Das österreichische Budgetdefizit entspricht nicht den Haushaltsvorgaben der EU-Kommission. Die Brüsseler Behörde könnte daher dem Rat der EU-Mitgliedsstaaten empfehlen, ein Defizitverfahren in Gang zu setzen, hieß es am Dienstag. Österreich kündigte an, rasch Gegenmaßnahmen vorzulegen.
German Economy Needs 288,000 Migrants a Year, New Study Shows (26.11.2024)
The German economy will need hundreds of thousands of immigrants a year to counter the negative impact from its aging society, according to a new study that feeds into an increasingly heated debate on the matter.
Nahost: Israel billigt Waffenruhe mit Hisbollah (26.11.2024)
Mehr als ein Jahr nach Beginn des Krieges mit der libanesischen Hisbollah-Miliz hat das israelische Sicherheitskabinett nach Angaben des Büros von Regierungschef Benjamin Netanjahu eine von den USA und Frankreich vermittelte Waffenruhe gebilligt. Sie soll nach Angaben von US-Präsident Joe Biden in der Nacht auf Mittwoch beginnen.
Bitcoin (BTC) Retreats From $100,000 in Worst Spell Since Trump’s Win (26.11.2024)
Bitcoin posted its longest losing streak in the period since Donald Trump’s US election victory, after a failed run at $100,000 cooled the speculative fervor sparked by the president-elect’s embrace of crypto.
OPEC+ Begins Talks on Delaying Oil Output Restart Again (26.11.2024)
Key OPEC+ nations have begun discussions to delay the oil production restart planned for January, potentially for several months, delegates said.
‘Déjà Vu’ Jolts Traders Across Markets on Trump Tariff Redux (26.11.2024)
Nick Twidale spilled a flat white coffee on his keyboard when headlines on Donald Trump‘s latest tariff threats caused his phone to blow up with calls.
Trump Tests Xi’s Appetite to Play Ball With Early Tariff Threat (26.11.2024)
Donald Trump fired an opening shot in his tariff battle with Beijing by promising an additional 10% levy on Chinese goods. The question that now confronts President Xi Jinping is how much more is coming.
US Fed Can Consider Interest Rate Cut in December, Kashkari Says (26.11.2024)
Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting.
ECB’s Guindos Says More Rate Cuts to Come If Forecasts Hold (26.11.2024)
European Central Bank Vice President Luis de Guindos said more reductions in interest rates are on the way if policymakers’ forecasts for inflation hold.
America’s sticky housing market (26.11.2024)
Catch up: Biden announces ceasefire in Lebanon; Mexico’s tariff warning