US tariffs on EU could crimp eurozone growth, UBS says
Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS economists. The potential tariffs are modeled as part…
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Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data
(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by the U.S. Federal Reserve in December, ahead of…
US CPI, Google’s chip, China policy meeting – what’s moving markets
Investing.com — Wall Street is seen trading slightly lower Wednesday ahead of the release of key inflation data, which could guide future Federal Reserve policy. 1. US CPI looms large…
Australia’s central bank ready to respond strongly should US tariffs hit global trade
SYDNEY (Reuters) – Australia’s central bank is ready to respond “with force” should potential U.S. tariffs hit global trade and threaten growth at home, a top official said on Wednesday,…
Japan auto unions group revives wage hike target for 1st time in 7 years
TOKYO (Reuters) -Labour unions at major Japanese auto manufacturers will seek monthly pay hikes of 12,000 yen ($79.15) or more in annual spring wage negotiations next year, the unions’ group…
Indonesia’s Jan-Nov budget deficit at 1.81% of GDP
JAKARTA (Reuters) – Indonesia’s budget deficit for January to November was 401.8 trillion rupiah ($25.27 billion) or 1.81% of gross domestic product, its finance minister said on Wednesday. Total (EPA:TTEF)…
Romanian pro-European parties agree to quickly form broad coalition government
BUCHAREST (Reuters) – Romania’s pro-European parties reached a firm commitment late on Monday to form a governing majority that cordons off the hard right and potentially endorses a single candidate…
Thai cabinet approves measures to ease household debt
BANGKOK (Reuters) – Thailand’s cabinet on Wednesday approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said. The measures…
Exclusive-Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say
(Reuters) – China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in…
Bank of England set to stay in central bank slow lane and keep rates on hold
By William Schomberg LONDON (Reuters) – The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than…