Job Market Is Turning Chilly for Recent US College Graduates (19.11.2024)
In a cooling US labor market, recent college graduates are among those feeling the chill most.
ECB Says Trade Tensions Add to Risks Facing Financial System (20.11.2024)
Rising trade frictions pose an additional risk to the euro-area economy and threaten to amplify vulnerabilities in the region’s financial system, the European Central Bank warned.
ECB Says Trade Tensions Add to Risks Facing Financial System (20.11.2024)
Rising trade frictions pose an additional risk to the euro-area economy and threaten to amplify vulnerabilities in the region’s financial system, the European Central Bank warned.
ECB's Interest Rate Plans Complicated By Euro-Zone Wage Growth (20.11.2024)
A key gauge of euro-zone wages jumped by the most since the common currency was introduced in 1999 — complicating the European Central Bank’s plans for interest-rate cuts as inflation eases.
Trump's Win Piles on the Pain for European Investors (19.11.2024)
European stocks and the euro have all slumped since the US election as investors bet Trump’s policies will hit the continent hard.
Ford will 4000 Arbeitsplätze in Europa streichen (20.11.2024)
Bis Ende 2027 will der Autokonzern 4000 Stellen in ganz Europa abbauen. Die meisten von ihnen sollen in Deutschland wegfallen. Noch ist nicht klar, ob Jobs in Österreich betroffen sind.
Euro-Area Banks Are Vulnerable to US Funding Squeeze, ECB Says (20.11.2024)
Euro-area financial institutions are increasingly using dollar markets for liquidity, creating risks to financial stability if US funding dries up, according to the European Central Bank.
Fed Likely to Hold Interest Rates in 2025, JPMorgan Asset Management’s Ward Says (14.11.2024)
The Federal Reserve is likely to pause its interest-rate cuts after December to assess the economic impact of policies under President-elect Donald Trump, Karen Ward, chief market strategist for Europe, the Middle East and Africa at JPMorgan Asset Management, said.
Powell Approach to Trump Policies Differs From Fed’s 2016 Playbook (19.11.2024)
Federal Reserve Chair Jerome Powell says he wants to wait and see what policies the incoming Trump administration will implement before the central bank forecasts what it means for the economy.
Panetta Says ECB Must Move to Neutral Rates to Aid Growth (19.11.2024)
The European Central Bank should cut interest rates far enough to ensure they are no longer constraining economic growth, Governing Council member Fabio Panetta said.
China Policymakers Pledge to Continue With Financial Opening (19.11.2024)
China’s policymakers and top regulators vowed to continue its opening up to foreign investors and firms, in their first public appearances with global financial luminaries at a major conference in Hong Kong.
Northvolt: Europas Akku-Hoffnung strauchelt (19.11.2024)
Northvolt, der für Europa wichtige schwedische Produzent von Akkus für E-Autos, taumelt und könnte bereits nächste Woche in Insolvenz gehen. Dazu berichtete die Nachrichtenagentur Reuters am Montag, Northvolt habe seit September seine – bereits gedrosselten – Produktionsziele verfehlt. In Northvolt haben unter anderem europäische Autohersteller Milliarden investiert. Das Start-up gilt als praktisch letzte Hoffnung für Europa, in dem zentralen Bereich der grünen Technologiewende mit China und den USA noch mithalten zu können.
Funding for Europe’s AI Startups Hits Record High of $11 Billion (19.11.2024)
Funding for European artificial intelligence startups, while still less than a quarter of US figures, hit a record high this year thanks to massive investments in newcomers building chatbots and self-driving cars.
Gold Is at the Mercy of Trump, China and King Dollar (19.11.2024)
The yellow metal has declined from a record as the economic backdrop has changed.
ECB's Stournaras Says Quarter-Point December Rate Cut a Done Deal (18.11.2024)
The European Central Bank is almost certain to cut interest rates by a quarter point in December, according to Governing Council member Yannis Stournaras.
COP29: Where China Stands on Tough Climate Finance Negotiations (18.11.2024)
Negotiators at COP29 are struggling to forge a consensus to boost funding to help poor countries. The fading US role has created a bigger opening for China.
Truth Social, Late Calls Take Over Economists’ Lives Under Trump (17.11.2024)
Rob Subbaraman is preparing for his second Trump presidency with a new accessory in his economist toolkit: the head of global markets research at Nomura Holdings Inc. has downloaded Truth Social, the President-elect’s conservative social media platform.
Fed Chair Jerome Powell May Be Waiting Until 2026 for Housing Inflation to Cool (18.11.2024)
Federal Reserve Chair Jerome Powell said last week central bankers are keeping a close eye on housing inflation, which “has yet to fully normalize.” They could be waiting more than a year.
ECB’s Nagel Warns of Escalating Fragmentation After Donald Trump Win (18.11.2024)
European Central Bank Governing Council member Joachim Nagel sees the threat of a further fragmentation of the global economy, which could present central banks with new challenges in the form of higher or more volatile inflation.
German Economic Output to Shrink Again This Year, Survey Shows (18.11.2024)
Economists have given up hope that Germany can avoid a second consecutive year of shrinking output, according to a Bloomberg survey.
German Economic Output to Shrink Again This Year, Survey Shows (18.11.2024)
Economists have given up hope that Germany can avoid a second consecutive year of shrinking output, according to a Bloomberg survey.
ECB’s Guindos Warns of Dangers Posed by High Government Debt (18.11.2024)
European Central Bank Vice President Luis de Guindos warned that high levels of sovereign debt could prevent governments from addressing long-term economic challenges and consign them to low growth.
Speaking at Euro Finance Week in Frankfurt, Guindos said swelling primary budget deficits that push debt loads higher could result in a lack of spending room to tackle climate change, defense spending, digitalization and sub-par productivity.
“Fiscal slippage or questions around fiscal consolidation paths could trigger further repricing of sovereign risk,” he said Monday. “Current large primary deficits will also make it harder for governments to support the economy if adverse shocks materialize.”
Fed Policymakers Have Hiked Estimate for Policy Rate Over Long Run I BLOOMBERG I 18.11.2024
Dieses Jahr haben die Entscheidungsträger der Fed zum ersten Mal, seit sie mit der Erstellung von Quartalsprognosen für ihren Leitzins begonnen haben , ihre Schätzung für den längerfristigen – oder „neutralen“ – Bereich dreimal in Folge angehoben. Die Ökonomen von Goldman Sachs gehen davon aus, dass sie den Zinssatz weiter nach oben korrigieren werden.
„Wir erwarten, dass die Schätzung des FOMC im nächsten Jahr noch etwas weiter steigen wird“, schrieben Manuel Abecasis und David Mericle letzte Woche in einer Notiz. Sie nennen dafür mehrere Gründe. Erstens haben die Finanzmärkte für die kommenden Jahre einen deutlich höheren Zinssatz eingepreist, und das könnte die Beamten beeinflussen. Das Duo verwendete auch Modelle, die in der Vergangenheit von Fed-Mitarbeitern zusammengestellt wurden, und fügte aktualisierte Zahlen ein. Die Schätzungen liegen im Durchschnitt bei 3,8 Prozent – fast einen Prozentpunkt über dem jüngsten Median der Fed-Politiker, die ihre Schätzungen nächsten Monat aktualisieren sollen. Goldman geht auch davon aus, dass die Fed Zinssenkungen über dem neutralen Niveau von etwa 3,25 bis 3,5 Prozent hinaus stoppen wird, da der Wirtschaft durch das Haushaltsdefizit und die robusten Finanzmärkte „Rückenwind“ zukommt.
Fed Refuses to Back Basel Climate Plan, Leaving Talks in Limbo (14.11.2024)
US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.
Trump's Tariffs and Deportations Will Be China's Gain in Latin America (13.11.2024)
He and Marco Rubio should tread strategically in Latin America, not just brandish a big stick, if they want to keep the region from getting closer to China.
China’s Xi, Peru’s Boluarte Open $1.3 Billion Port Near Lima (15.11.2024)
Chinese President Xi Jinping and Peruvian counterpart Dina Boluarte inaugurated a $1.3 billion port that could transform South American trade with Asia just as Beijing prepares for a potential trade war with the US.
Xi’s Olive Branch to Trump Comes With Warning on China Red Lines (17.11.2024)
Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.
China Trump: Weaker Yuan Will Be Sent to the Trade Front (17.11.2024)
Beijing’s first line of defense against higher tariffs is likely to be its currency. Good thing that it fits in with a dour economy.
Xi Warns Against ‘Going Back in History’ as Trump Tariffs Loom (15.11.2024)
Chinese President Xi Jinping warned against any efforts to unwind globalization in his first major remarks since Donald Trump won the US presidential election after threatening to impose tariffs as high as 60% on the world’s second-biggest economy.
Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25 (18.11.2024)
Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.