Europe's Economy Feels the Impact as Workers Take More Sick Days (02.12.2024)
Governments and companies are desperate to reverse the trend of absences
Arbeitslosigkeit stieg im November auf 7,1 Prozent (02.12.2024)
Trump Trade War: Explaining Tariff Scenarios (01.12.2024)
Trump’s tariffs could go in many different directions. Understanding the strategy from his first term, and the priorities of his new team, reveals a potential path ahead.
Ruble Plunge Pressures Bank of Russia for Steeper Rate Hike (28.11.2024)
A recent slump in the ruble is ramping up pressure on the Bank of Russia to hike its key rate — potentially by the most since the start of the war on Ukraine.
Stimulus Bets Drive Chinese Stocks Higher Before Key Meeting (29.11.2024)
Chinese stocks rallied for the second time this week with traders pointing to expectations for greater economic support at a key policy meeting in December.
Taiwan president stops in Hawaii during Pacific tour, drawing ire from China (01.12.2024)
Lai Ching-te’s US stopover on trip to Marshall Islands, Tuvalu and Palau – three diplomatic allies of the self-governed island – prompts Beijing’s protests
Weihnachtsgeschäft startete laut Handel stark (01.12.2024)
Iran Braces for Trump Reset With Economy Buckling From Sanctions (24.11.2024)
When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.
Saudi Arabia Strengthens US and Iran Ties Before Trump Becomes President (29.11.2024)
Prince Mohammed offered to boost trade with the Islamic Republic just as he seeks to nail down a strategic agreement with Washington.
Why South Africa Could Lead Emerging Markets Under Trump (29.11.2024)
South Africa has long struggled with its reputation as a volatile and risky emerging market, but is now becoming a favorite among investors seeking to navigate a world with Donald Trump as the US president.
China Air Cargo Flights Soar as Trump Return, Tariffs Loom (29.11.2024)
The race to secure goods from China before tariffs are imposed has taken off, with international cargo flights out of the Asian nation increasing to new records in the weeks since Donald Trump won the US election.
Euro Caps Worst Month in Over a Year as Growth Outlook Worsens (29.11.2024)
The euro is on track to cap its worst month in over a year, blighted by the prospect that US trade tariffs will hit the region’s already battered economy.
ECB’s Centeno Favors Steadily Bringing Interest Rates to 2% (25.11.2024)
The European Central Bank should steadily lower borrowing costs to 2% or thereabouts, according to Governing Council member Mario Centeno.
ECB Says Consumer Inflation Expectations Edged Up in October (29.11.2024)
Inflation expectations of consumers in the euro area edged higher in October, according to the European Central Bank — supporting policymakers arguing in favor of a cautious approach to lowering interest rates.
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.
Euro-Zone Inflation Accelerates But Won’t Derail ECB Cuts (29.11.2024)
Euro-area inflation climbed above the European Central Bank’s 2% target, though officials are unlikely to be deterred from continuing to lower interest rates next month and beyond.
US Job Growth Due to Bounce Back After Storms, Strike: Eco Week (30.11.2024)
US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that’s healthy yet gradually cooling.
Euro zone inflation climbs to 2.3% in November, meeting expectations (29.11.2024)
Markets have fully priced in a 25 basis point interest rate cut from the ECB in December, which would mark its fourth cut of the year.
Russians' Approval of Public Policy Has Dropped This Year I BLOOMBERG I 30.11.2024
What’s more likely is a redirection of focus away from consumers. Moscow will “aim to accelerate a transfer of scarce labor and capital from sectors deemed non-essential, such as services, residential construction and finance, to those that are considered critical to giving Putin a military advantage,” Isakov says. A true war economy, in other words.
This reality is starting to sink in: even Russia’s official public policy approval index shows a decline this year. It’s now around the lowest reading since the start of the war. —Chris Anstey
Secondary House Prices Have Not Bottomed Out, and Stabilization Remains Crucial for the Broader Economy I BLOOMBEG I 29.11.2024
China’s property slowdown is now in its third year and there’s still no clear sign of stabilization, meaning the drag on sentiment and consumption continues. Against that backdrop, economists at Goldman Sachs including Chelsea Song and Andrew Tilton have taken a look at the sector. They find:
“Top-tier cities are more likely to reach a price bottom sooner, driven by stronger migration inflows, lower inventory levels and the recent easing of housing purchase restrictions, while the house price recovery in lower-tier cities is likely to be prolonged.”
More Than Half of Euro-Area Countries Still Have Inflation Above 2% Change (29.11.2024)
Chinese EV Makers Slip Further in Europe Amid Tariff Tussles (29.11.2024)
Chinese carmakers’ push into the European electric-vehicle market continued to meet resistance, with their share of deliveries to the region slipping during October in the run-up to new tariffs.
Chinese EV Makers Slip Further in Europe Amid Tariff Tussles (29.11.2024)
Chinese carmakers’ push into the European electric-vehicle market continued to meet resistance, with their share of deliveries to the region slipping during October in the run-up to new tariffs.
This Is What the World’s First All-EV Car Market Looks Like (29.11.2024)
Norway is on the cusp of completing a transition away from combustion cars thanks to targeted incentives that made electrics an easy choice
China: Gegenmaßnahmen bei Verschärfung von US-Embargo (28.11.2024)
Germany Inflation Unexpectedly Holds Steady, Backing ECB Interest Rate Cuts (28.11.2024)
German inflation unexpectedly remained unchanged in November, backing arguments for the European Central Bank to continue lowering interest rates.
ECB May Need Rates at Stimulative Levels, Villeroy Says (28.11.2024)
The European Central Bank doesn’t need to constrain the economy any longer and may even have to take interest rates to levels that promote growth, according to Governing Council member Francois Villeroy de Galhau.
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.
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.