- — US economy Strong, but politics and geopolitics pose risks for markets, says Ed Yardeni
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at 10/21/24 3:00pmEd Yardeni, President of Yardeni Research predicts that the upcoming US elections will be a close race. He warned that if the election results are too close and there is a conflict over who won, it could negatively affect the markets. US economy is doing very well, and its unclear if the Federal Reserve needed ...- — Asking prices for UK homes barely rise in October, Rightmove says
- at 10/21/24 3:00pmAsking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting for clarity on tax changes in the new governments upcoming budget. Asking prices rose by just 0.3% in October, well below their average for a 1.3% ...
- — China c.bank conducts its first swap operation in an amount of 50 bln yuan
- at 10/21/24 3:00pmChina central bank said it conducted its first swap operation involving securities, fund, and insurance companies for the amount of 50 billion yuan ($7.03 billion) on Monday. The Peoples Bank of China (PBOC) said 20 institutions participated in the auction and the fee rate is 20 basis points, according to its official statement. Source: Reuters ...
- — German producer prices fall more than expected in September
- at 10/21/24 3:00pmGerman producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices,the federal statistics office said on Monday. Analysts polled by Reuters had expected a 1.0% decline. The main reason for the dip was lower energy prices, which were 6.6% lower in September compared with the ...
- — Portugal could boost productivity if third of workforce trained in AI, study shows
- at 10/21/24 3:00pmPortugal must retrain 1.3 million workers, or around 30% of its employed population, to work with generative artificial intelligence in order to close the productivity gap with the European Unions average by 2030, a study showed on Monday. Low productivity has long been Portugals Achilles heel, with productivity gains contributing, on average, just 0.6% to ...
- — BlackRock’s Fink bullish on private markets amid high US deficit
- at 10/21/24 3:00pmThe growth of private markets could mitigate the economic impact of wide U.S. deficits and high government debt levels, said Larry Fink, CEO and chairman at BlackRock (NYSE:BLK). Speaking at the Securities Industry and Financial Markets Association annual meeting in New York on Monday, he said rising U.S. government debt is a big problem but ...
- — BoE’s Greene sticks to view that rate cuts should be gradual
- at 10/21/24 3:00pmBank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting borrowing costs. Greene, writing in a column published in the Financial Times on Monday, said it was possible that consumption could be stronger or weaker than expected. Given these risks, I believe a cautious, ...
- — Greek trade surplus widens in August as imports drop
- at 10/21/24 3:00pmGreeces current account surplus widened in August compared with the same month a year ago as imports of goods dropped faster than exports, central bank data showed on Monday. According to Bank of Greece figures, the current account surplus was 651 million euros ($706 million) in August versus a surplus of 612 million euros in ...
- — China cuts key lending rates to support growth
- at 10/21/24 3:00pmChina cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10% from 3.35%, while the five-year LPR was cut ...
- — Fed’s Logan eyes more gradual rate cuts amid more balance sheet cuts
- at 10/21/24 11:00amFederal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the central bank and suggested she sees no reasons why the Fed can’t also press forward with shrinking its balance sheet. “If the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward ...
- — ECB’s Kazimir: increasingly confident in disinflation path
- at 10/21/24 11:00amEuro zone inflation is increasingly likely to return to target next year but a bit more evidence is needed before the European Central Bank can declare victory, Slovak central bank chief Peter Kazimir said on Monday. Kazimir, an outspoken conservative, was one of the few policymakers to openly express doubt about the need to cut ...
- — Global trade is showing resilience despite rising barriers
- at 10/21/24 4:00amTrade globalization has been a major point of contention in western economies in recent years, amid concerns about the loss of manufacturing jobs and control over critical supply chains. But despite a rise in trade barriers, there are few signs that manufacturing deglobalization is underway, according to Goldman Sachs Research. “Our research shows Asia has ...
- — China’s 3Q GDP bat should keep growth target in striking distance
- at 10/21/24 4:00amChinas third quarter GDP growth edged down but beat forecasts Chinas GDP growth slowed in the third quarter, decelerating to 4.6% YoY from 4.7% YoY, but fared better than both our and consensus forecasts, in part due to a stronger-than-expected rebound of September data. The GDP deflator continued to be quite supportive over the last ...
- — How things can go wrong – or right – for the global economy
- at 10/20/24 3:00pmThe upside risk: Recession fears overblown There are three obvious ways that our forecasts could be too pessimistic. Firstly, the US economy continues to prove resilient despite the negative signals coming from some of the recent survey data. Healthy profit margins and corporate balance sheets allow the economy to shrug off the impact of past ...
- — Case for quick ECB rate cuts mounts as growth weakens and inflation is tamed
- at 10/20/24 3:00pmEuro zone inflation could ease more quickly than previously thought and economic growth is also likely to remain weak, ECB policymakers and fresh surveys said, reinforcing the case for a rapid pace of interest rate cuts in the months ahead. The ECB lowered interest rates for the third time this year on Thursday on moderating ...
- — Europe Inc set to clear lower earnings bar; wait-and-see on China stimulus
- at 10/20/24 3:00pmAnalysts have downgraded estimates for European corporate earnings at the fastest pace in seven months this week, setting a lower bar for beats, while more optimism over the global outlook might spare shares from severe punishment for misses. Third-quarter earnings are expected on average to have increased 3.7% from a year ago, according to data ...
- — ECB is on track to get inflation under control, Holzmann says
- at 10/20/24 3:00pmThe European Central Bank, which cut interest rates on Thursday, is on track to get inflation under control but it is too early to tell what it will do at its December meeting, policymaker Robert Holzmann told Austrias ORF TV on Friday. Inflation in Austria as well as in Europe became lower than we had ...
- — Fed’s Bostic sees no need to rush on rate cuts
- at 10/20/24 3:00pmAtlanta Federal Reserve Bank President Raphael Bostic on Friday made the case for patient reductions in the central banks policy rate to somewhere between 3% and 3.5% by the end of next year, a pace that would get inflation down to its 2% target by then and keep the U.S. economy out of recession. Im ...
- — Trump’s dollar logic and confusion
- at 10/20/24 3:00pmDonald Trumps broadsides against excessive U.S. dollar strength have some merit but his position on how to tackle it remains vague and the only workable options available could upend broader U.S. financial markets in the process. The Republican presidential candidate has regained a slight edge in his bid to return to the White House, ...
- — Putin says BRICS, not the West, will drive global economic growth
- at 10/20/24 11:00amThe BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said. Putin hopes to build up BRICS which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates ...
- — Traders bet the ECB’s rate-cut floodgates are open
- at 10/20/24 11:00amTraders raised their bets on quick-fire European Central Bank rate cuts, taking the banks first consecutive rate cut in 13 years as a green light from policymakers that a speedier easing cycle has begun. A worsening economic outlook and signs that inflation is increasingly under control prompted the ECB to cut its deposit rate by ...
As of 10/22/24 5:22am. Last new 10/21/24 4:48pm.
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