Morning Bid: Wall St near records as central banks end 2024 with rate cuts
A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took a bit of a breather on Thursday, perhaps…
Economy
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Euro zone industry did not fall in Oct but recovery not in sight
FRANKFURT (Reuters) – Euro zone industrial production was unchanged in October from the previous month, outperforming expectations of a slight fall, but data suggested that no recovery was in sight…
Bundesbank cuts Germany growth outlook for 2024 and 2025
The Bundesbank has significantly lowered its growth forecasts for Germany’s economy, projecting a contraction of 0.2% in 2024, a stark revision from the previously anticipated 0.3% growth. The outlook for…
Germany faces lethargic growth, potential hit from Trump, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy will shrink for the second year in a row this year and its recovery will be lacklustre, potentially exacerbated by a trade war with the…
China central bank promises to keep yuan exchange rate stable
BEIJING (Reuters) – China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported. The…
Dollar strength, Broadcom, Musk charges – what’s moving markets
Investing.com — Wall Street is seen trading slightly higher Friday, helped by positive guidance from chipmaker Broadcom. The dollar is on course for a positive week, while Elon Musk appears…
Take Five: The last mile
LONDON (Reuters) – The end of the year is almost in sight for traders, yet the last mile will be anything but slow. Central banks in the United States, Japan…
Policy divergence and FX volatility is set to be a key theme for 2025: Barclays
Investing.com — Policy divergence between the Federal Reserve and European Central Bank (ECB), and volatility in the foreign exchange (FX) markets is set to be a key theme for 2025,…
ECB’s Villeroy: more interest rate cuts to come in 2025
PARIS (Reuters) – The European Central Bank is likely to further ease interest rates next year and is at ease with market projections for future rates, ECB policymaker and Bank…
French y/y consumer inflation confirmed at 1.7% in November
(Reuters) -Consumer prices in France were up 1.7% year-on-year in November, statistics office INSEE said on Friday, in line with its preliminary reading published late last month. The EU-harmonised year-on-year…