ERSTE I CEE Macro Outlook, 13.09.2024

#dieWIRTSCHAFTSPRAXIS-VW.THINKTANK I STATUS.QUO Q2/2025
Chinesischer Flugzeugträger gesichtet: Taiwan alarmiert (13.10.2024)
China Puts Investor Patience to Test as Key Meeting Underwhelms (13.10.2024)
China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend.
Chinese Premier Li Calls for Experts’ Opinions in Bid to Stabilize Growth (08.10.2024)
Chinese Premier Li Qiang vowed to “listen to the voice of the market” when formulating economic policies, in a rare nod to the concerns of the private sector and investors as Beijing seeks to shore up confidence and stabilize growth.
EU Backers of China EV Tariffs Face Biggest Risk of Retaliation (07.10.2024)
The European Union’s decision to impose tariffs on Chinese electric vehicles has moved the focus to how and when Beijing will retaliate for the escalation in its biggest trade dispute with the bloc in years.
Russia Pitches BRICS Payment System Aiming to Break US Dominance (11.10.2024)
Russia is proposing changes to cross-border payments conducted among BRICS countries aimed at circumventing the global financial system, as the heavily penalized country seeks to sanctions-proof its own economy.
China Investors Expect $283 Billion of New Stimulus This Weekend (11.10.2024)
Investors and analysts are expecting China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s second-biggest economy and boost confidence.
Fed’s Goolsbee Praises Progress on Inflation, Labor Market (11.10.2024)
Federal Reserve Bank of Chicago President Austan Goolsbee said he doesn’t see convincing evidence that the economy is overheating despite a gangbusters September jobs report.
ECB Interest Rates: Survey Shows Economists Now Expect Faster Cuts (11.10.2024)
The European Central Bank will speed up interest-rate cuts over the months ahead to bolster the economy — taking borrowing costs to levels that no longer restrict demand by the end of 2025, according to a Bloomberg survey.
ECB Officials Wanted to Keep Options Open on Pace of Rate Cuts (10.10.2024)
European Central Bank officials were keen to maintain flexibility on the speed of interest-rate reductions with inflation not fully defeated and risks to the euro-zone economy building, an account of their last policy decision showed.
CPI Report: Three Fed Officials Shrug Off Inflation Data, Bostic Open to Pause (10.10.2024)
Three Federal Reserve policymakers on Thursday were unfazed by a higher-than-forecast September inflation report, suggesting the US central bank can continue lowering interest rates, but a fourth hinted he may favor a pause at their next meeting.
China Steps Up Checks of Wealth Management Products After $149 Billion Outflow (10.10.2024)
China has asked its financial institutions to beef up monitoring of the nation’s wealth management products, people familiar with the matter said, after investors pulled some $149 billion to chase a rally in stocks.
US CPI Rises More Than Forecast, Stalling Inflation Progress (10.10.2024)
Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures.
Fed Minutes: Powell’s Half-Point Cut Is Hard to Repeat With FOMC in No Hurry (09.10.2024)
Federal Reserve Chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labor market holds up.
China Wages End Two Quarters of Gains, Adding Deflationary Risks (10.10.2024)
Wages offered to new hires in China declined after two straight quarters of gains, in a sign of a weakening labor market that’s exacerbating persisting deflation and weighing on economic growth.
US CPI Data Will Likely Show Inflation Decelerated Further in September (10.10.2024)
Economists anticipate that key measures of inflation decelerated in September, in spite of price pressures in some categories of goods including used cars.
PBOC Launches $71 Billion Liquidity Tool for China Institutional Stock Investors (10.10.2024)
China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus package announced earlier that ignited a rally in equities.
Fiskalrat, WIFO, KDZ: Reformen als einziger Weg aus Verschuldung (09.10.2024)
„Die aktuelle Budgetsituation ist echt nicht leicht“, hat Fiskalrat-Präsident Christoph Badelt am Mittwoch die Ausgangslage für die künftige Regierung zusammengefasst. In einer Pressekonferenz forderte er gemeinsam mit dem Zentrum für Verwaltungsforschung (KDZ) und dem Wirtschaftsforschungsinstitut (WIFO) rasche Systemreformen. Erneut wurden Zweifel an der Sinnhaftigkeit des Klimabonus für alle laut.
ECB’s Villeroy Says Interest Rate Cut Next Week Very Probable, Isn’t Last (09.10.2024)
The European Central Bank will very probably lower interest rates next week and will loosen monetary policy again at future meetings depending on progress combating price rises, Governing Council member Francois Villeroy de Galhau said.
ECB’s Kazimir Not Convinced on October Cut Without Key Data (09.10.2024)
European Central Bank Governing Council member Peter Kazimir offered the only real resistance so far to a third cut of the year in interest rates next week — despite that outcome looking more and more assured.
German Economy May Contract in 2024, Bundesbank Chief Says (08.10.2024)
The German economy is likely to experience another year of contraction with the US election posing an additional risk to Europe’s growth, according to Bundesbank President Joachim Nagel.
China Finance Minister to Discuss Fiscal Policy on Oct. 12 in Briefing (09.10.2024)
China said it would hold a briefing on fiscal policy on Saturday as investors look for additional measures to stimulate the world’s No. 2 economy.
Fed’s Jefferson Says Risks to Inflation, Employment Now Balanced (09.10.2024)
Federal Reserve Vice Chair Philip Jefferson said risks to the central bank’s employment and inflation goals are now closer to equal.
Fed’s Collins Says Rate Cuts Should Be Careful, Data-Based (08.10.2024)
Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.
Multipolar Power Is Shaking Up Economic and Strategic Alliances
A guide to the new fault lines of geopolitics—from BRICS versus the G-7 to Lula and Milei’s ideological rivalry in Latin America.
The world’s most innovative country (03.10.2024)
A ranking of 133 countries shows that the global innovation boom is stalling
KikaLeiner: Beschäftigtenzahl massiv reduziert (09.10.2024)
Die Sanierung von kikaLeiner schreitet langsamer voran als geplant. Die heimische Möbelkette hat die Zahl der Beschäftigten im Laufe des Jahres von 1.900 auf 1.400 reduziert, wie die Oberösterreichischen Nachrichten (Mittwochausgabe) berichten.
Haushaltsenergiepreise auch im August rückläufig (09.10.2024)
Eigene Militärbasis?: Sorge vor Chinas Einfluss in Kambodscha (09.10.2024)
Eine Militärbasis im Süden Kambodschas deutet darauf hin, dass China seinen Einfluss in Ländern in der Region vergrößern will. Peking ließ dort in den vergangenen Jahren einen eigenen Pier bauen. Laut aktuellen Satellitenbildern liegen dort zwei chinesische Kriegsschiffe vor Anker, wie die BBC am Dienstag schrieb. Kambodscha, das noch vor wenigen Jahren eng mit den USA zusammenarbeitete, beschwichtigte – doch Nachbarstaaten sind besorgt.
Wohneigentumsquoten in Europa (27.02.2024)
Deutschland gilt als Nation der Mieter – und das zu Recht. In keinem anderen EU-Land wohnen weniger Menschen im Eigentum als in der Bundesrepublik. Auch der Anteil der Personen, die in einem Haus leben, ist hierzulande vergleichsweise gering.