Trump Win Prompts ECB Forecasters to Ask How Far Rates Can Fall (13.11.2024)
Donald Trump’s election win is leading some forecasters to question if the European Central Bank will need to return borrowing costs toward highly stimulative levels as his threat of trade tariffs materializes.
Elon Musk’s New Project? Running Trump’s US Government (12.11.2024)
After plowing at least $132 million into the president-elect’s campaign, the richest man in the world is about to treat the US government as if it were a money-losing social network.
Heimische Wirtschaft: Lange Liste von Hiobsbotschaften (13.11.2024)
Die schlechten Nachrichten aus der Wirtschaft reißen nicht ab: Zu den deutlich nach unten revidierten Prognosen der Ökonomen von WIFO und IHS reihen sich miserable Bilanzen heimischer Konzerne. Am Mittwoch vermeldete der einstmals verstaatlichte Stahlkonzern voestalpine zum Halbjahr einen Einbruch beim Ergebnis nach Steuern um 43 Prozent. Und der Motorradhersteller KTM kündigte einen millionenschweren Finanzbedarf samt Personalabbau an.
China Plans to Slash Homebuying Taxes in Fiscal Stimulus Push (12.11.2024)
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter.
German Investor Confidence Slumps on Political Strife, Trump Win (12.11.2024)
Investor confidence in Germany’s economy unexpectedly worsened in November after a spate of bad news from the country’s industry, the collapse of the three-party government and the election of Donald Trump.
ECB’s Rehn Says December Cut Likely With Disinflation On Track (12.11.2024)
European Central Bank Governing Council member Olli Rehn said a December interest-rate cut is likely and further reductions are possible, but officials should remain cautious and move step by step.
Follow exit polls from the 2024 general election. Explore key insights, voter demographics and trends that may shape the outcomes of key 2024 election races.
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.
(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.
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.
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.
CNY/USD: China Sets Yuan Fix at Weakest Since 2023 (07.11.2024)
China slashed the daily reference rate for its currency to a level unseen since late 2023, a sign the central bank is allowing depreciation under the threat of trade tensions with the US under a Donald Trump presidency.
Germany's Capital Exodus Is at the Heart of Coalition Collapse (07.11.2024)
Chancellor Olaf Scholz’s fractious coalition struggled to stem a massive capital drain, which threatens to accelerate after Donald Trump’s re-election.
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.
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.
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.
US Inflation Progress Gets Harder Entering the Final Mile (09.11.2024)
US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target.
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.