Economic forecasting & risk assessment
Stay ahead with the latest economic forecasts and risk assessments from popular news outlets.
Economic forecasting and risk assessment
Fed Cuts Interest Rates for First Time in Four Years
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Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.
linkCopy linkshare_windowsShareBoeing to Begin Temporary Layoffs Due to Strike
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The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
linkCopy linkshare_windowsShareFrance’s Budget Problems ‘Very Serious,’ Prime Minister Says
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The French government, which missed a deadline this week to show how it would cut its debt and deficit, is struggling to meet fiscal requirements set by the E.U.
linkCopy linkshare_windowsShareAfter Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength
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The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.
linkCopy linkshare_windowsShareHow Inflation and High Interest Rates Have Changed the Economy
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As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.
linkCopy linkshare_windowsShareHow to Read the Fed’s ‘Dot Plot’ Like a Pro
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The Federal Reserve is expected to cut rates on Wednesday. Wall Street is focused on how much, and on what comes next.
linkCopy linkshare_windowsShareCentral Banks Around the World Are Cutting Rates
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Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.
linkCopy linkshare_windowsShareWhy Uncertainty Still Hangs Over the Fed’s Rate Decision
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Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.
linkCopy linkshare_windowsShareFed cuts interest rates by half a point, marking first trim since 2020
A more aggressive interest rate cut would suggest deeper worries that the job market is buckling under the Fed’s continued fight against inflation.
linkCopy linkshare_windowsShareWhat the Fed’s rate cut means for consumers, businesses and investors
The Fed’s first cut in four years will affect hiring, inflation, the housing market, stocks and borrowing costs.
linkCopy linkshare_windowsShareFed cuts interest rates by a half-point, more expected this year
The Federal Reserve is slated to cut interest rates in its meeting Wednesday. Follow along for live updates on the Fed interest rate decision.
linkCopy linkshare_windowsShareThe Fed’s great pivot from fighting inflation to worrying about jobs
linkCopy linkshare_windowsShareFed's Big Rate Cut, BoE Decision Day, More
Source: Bloomberg, 5:56
linkCopy linkshare_windowsShareThe Day After: The Bloomberg Close, Asia Edition
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Good afternoon. Here’s what you need to know to end your day.
linkCopy linkshare_windowsShareThe Next Stage of the Credit Cycle with Oaktree’s Poli
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Will corporate bonds and loans continue to defy gravity?
linkCopy linkshare_windowsShareBOE Likely to Keep Interest Rates Unchanged
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The Bank of England is likely to decide against cutting interest rates on Thursday. The decision from the central bank comes a day after the Federal Reserve lowered its benchmark interest rate by a half percentage point. Bloomberg's Lizzy Burden discusses what to expect. (Source: Bloomberg)
linkCopy linkshare_windowsShareFed's Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 6:27
linkCopy linkshare_windowsShareHappy Shoppers: The London Rush
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Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
linkCopy linkshare_windowsSharePrivate Credit Premiums Shrink as Investors Warn of Defaults
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Easy profits in private credit are nearing an end as competition intensifies and defaults rise, some of the biggest participants in the industry said at the Milken Institute Asia Summit on Thursday.
linkCopy linkshare_windowsShareClose Brothers Sells Wealth Unit to Oaktree to Bolster Capital
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Close Brothers Group Plc has agreed to sell its wealth unit to Oaktree Capital Management for an equity value of as much as £200 million ($265 million) as it looks to strengthen its balance sheet amid a regulatory review of its motor finance practices.
linkCopy linkshare_windowsShareIndia's GST Needs More Than a Tax Rate Reset
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GST gains will be frittered away without administrative reform
linkCopy linkshare_windowsShareJapan Insurers Group Tells Members to Cut Cross-Shareholdings
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Japan’s industry body for non-life insurers told its member companies to cut their cross-shareholdings, following government pressure to abandon the long-standing practice.
linkCopy linkshare_windowsShareFed's Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 7:01
linkCopy linkshare_windowsShareBloomberg Daybreak Europe: The Fed's Big Cut (Podcast)
Source: Bloomberg, 20:09
linkCopy linkshare_windowsShareThai Scion Bets US-China Feud Will Ease Bangkok Property Glut
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Frasers Property Ltd., controlled by Thailand’s richest man, is banking on US-China tensions to help reduce an oversupply of office space that has plagued the country’s capital.
linkCopy linkshare_windowsShareFed Opts for Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 6:22
linkCopy linkshare_windowsShareOutsized Cut: The Bloomberg Open, Europe Edition
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Good morning. Stocks rally after the Fed makes an outsized rate cut. The BOE is seen standing pat today. And a Bloomberg survey sees equities continuing to gain this year.
linkCopy linkshare_windowsShareCentral Europe Braces for Peak Flood Levels
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Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
linkCopy linkshare_windowsShareChina’s Crackdowns Are Crushing the Dreams of a Generation
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On today’s Big Take Asia podcast, how China’s big policy shift is upending the lives of millions of professionals, erasing jobs, cutting pay and crushing dreams.
linkCopy linkshare_windowsShareThe Shadow Fleet Transporting Sanctioned Gas for Russia
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A network stretching from Dubai to China is involved in a multi-billion dollar effort to ship gas from Russia's Arctic LNG facility.
linkCopy linkshare_windowsShareWhy Labour's Growth Plan Has a Thames Water-Sized Hole
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On this episode of In the City, we discuss why the tale of Thames Water has spooked foreign investors, and what the UK government needs to do to win them back.
linkCopy linkshare_windowsShareLebanon Explosions, Asian Stocks Rally After Fed Rate Cut, More
Source: Bloomberg, 6:02
linkCopy linkshare_windowsShareFed Opts for Rate Cut, Second Wave of Blasts Hits Lebanon, More
Source: Bloomberg, 5:01
linkCopy linkshare_windowsShareFed Goes 50, Threats Of Retaliation In Mideast
Source: Bloomberg, 4:44
linkCopy linkshare_windowsShareChina expected to trim main policy rate and lending benchmarks: Reuters poll
China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve's outsized interest rate cut removed some of the risks around sharp yuan declines.
linkCopy linkshare_windowsShareChina to ramp up policy steps to revive economy but no 'bazooka' stimulus seen
Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures.
linkCopy linkshare_windowsShareFed outsized rate cut draws muted reaction, but calm may not last
Investors who anticipated furious market swings following the U.S. Federal Reserve's bumper rate cut saw more of a muted reaction. That may be fleeting.
linkCopy linkshare_windowsShareAfter jumbo Fed rate cut, market hopes ride on US soft landing
Has the Fed kicked off rate cuts in time to keep the economy from slowing too fast?
linkCopy linkshare_windowsShareMorning Bid: UK inflation to keep BoE on cautious path
A look at the day ahead in European and global markets from Rae Wee
linkCopy linkshare_windowsShareDollar and stocks gain as Fed charts soft landing
The dollar bounced, long-dated bond yields were up and Asian stocks surged after the Federal Reserve announced a 50-basis-point rate cut and flagged a measured easing cycle ahead, leaving open a path to a soft landing for the U.S. economy.
linkCopy linkshare_windowsShareUS borrowers get quick relief as Fed cuts rates
U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years.
linkCopy linkshare_windowsShareStocks Slip After Fed Cuts Rates
The Dow and S&P 500 finished lower after the Federal Reserve voted to cut interest rates by half a percentage point.
linkCopy linkshare_windowsShareU.S. Crude Oil Stockpiles Fall in Week Ended Sept. 13
Commercial crude oil stockpiles excluding the Strategic Petroleum Reserve fell by 1.6 million barrels to 417.5 million barrels in the week ended Sept. 13 and were about 4% below the five-year average for the time of year, the EIA said.
linkCopy linkshare_windowsShareNasdaq Futures Jump 2% as Big Fed Cut Spurs Rally: Markets Wrap
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Stocks rallied across the globe on expectations the Federal Reserve’s half-percentage-point interest-rate cut will protect the world’s largest economy from a downturn.
linkCopy linkshare_windowsShareOil Gains Toward $75 With Markets Rallying After Fed Cuts Rates
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Oil advanced as a risk-on tone swept across wider financial markets following the steep interest-rate cut by the Federal Reserve.
linkCopy linkshare_windowsShareBlackstone Sees Asia as Growth Engine, Has ‘Scale’ in India
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Blackstone Inc., one of the largest asset managers in the world, sees Asia as a “growth engine,” according to Amit Dixit, the firm’s head of private equity for the region.
linkCopy linkshare_windowsShareGold M&A Is Heating Up But Miners Are Pledging Discipline
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With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that they’ve learned from past mistakes of overspending.
linkCopy linkshare_windowsShareEurope’s Plunging EV Sales Prompt Carmakers to Seek EU Relief
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Germany’s electric-vehicle market plunged last month, leading a broader decline in Europe that’s left carmakers calling on Brussels to reconsider key climate targets.
linkCopy linkshare_windowsShareCzech Government Plans to Boost Budget Deficit Due to Floods
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The Czech government will increase fiscal deficits planned for this year and next to cover part of the damage caused by recent widespread floods, according to Finance Minister Zbynek Stanjura.
linkCopy linkshare_windowsShareYen Rebounds in Choppy Trading After Sliding 1% Versus Dollar
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The yen rebounded after dropping sharply against the dollar earlier Thursday, joining major currencies around the world that gained versus the greenback.
linkCopy linkshare_windowsShareNorway Keeps Rate Steady With Signal for First Cut in 2025
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Norway’s central bank is sticking with one of the rich world’s most hawkish monetary policy stances, dashing investor hopes that it would advance plans for a first cut in borrowing costs as soon as this year.
linkCopy linkshare_windowsShareECB’s Knot Is Comfortable With Market’s Rate-Cut Expectations
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European Central Bank Governing Council member Klaas Knot said he’s comfortable with investor bets on further interest-rate cuts.
linkCopy linkshare_windowsShareFed’s Rate Pivot Seen Driving Outsized Gain in Asian Assets
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The Federal Reserve’s shift to interest-rate cuts bodes well for Asian assets as many are underowned, and have better earnings prospects and more room to benefit from easing than their global peers.
linkCopy linkshare_windowsShareChina Bond Flows Signal Stealth Currency Intervention Is Fading
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Global funds’ purchases of Chinese bank notes suddenly slowed in August as a strengthening yuan and a likely pullback in currency intervention made a popular swap-based trade less appealing.
linkCopy linkshare_windowsShareSwiss Watch Industry Warns of Weakness Even as Exports Rise
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Swiss watchmakers warned of a worsening outlook for the industry, even as exports rose last month on demand for expensive timepieces made of precious metals.
linkCopy linkshare_windowsShareGermany’s Slump in EV Sales Drags on Europe’s Auto Market
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Germany, hit by bad economic news in recent weeks, led a drop in European car sales last month as demand for electric vehicles cratered. Bloomberg News' Oliver Crook discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg)
linkCopy linkshare_windowsShareAsian Currencies Hit 14-Month High as Fed Cuts Interest Rates
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Asian currencies advanced to the strongest level in more than a year after the Federal Reserve kicked off policy easing and signaled further interest-rate reductions this year.
linkCopy linkshare_windowsShareWall Street’s New Era Off to Rocky Start as Fed Sows Doubts
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Jerome Powell delivered exactly what traders up and down Wall Street had long hoped for: A big interest-rate cut that would justify this year’s steep rally in stocks and bonds as the era of tight monetary policy finally began to reverse.
linkCopy linkshare_windowsShareRupee rises to six-week high after Fed rate cut, importer dollar bids pick up
The Indian rupee rose to its strongest level in over six weeks on Thursday after the Federal Reserve kicked off policy easing with a 50-basis-point rate cut, but traders expect importer dollar bids to limit the currency's immediate gains.
linkCopy linkshare_windowsShareEU car sales at 3-year low in August, EV sales down 43.9%, ACEA says
New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged by double-digit losses in major markets Germany, France and Italy, data from Europe's auto industry body showed on Thursday.
linkCopy linkshare_windowsShareFed sees higher 'terminal' rate, reached sooner: McGeever
Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook for the fed funds rate's eventual destination, and how soon it takes to get there, that matters more.
linkCopy linkshare_windowsShareRupee faces challenge as US dollar surges after Fed's large rate cut
The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut.
linkCopy linkshare_windowsShareFed rate cut lifts Indian shares to record high
Indian shares climbed to a record high on Thursday, led by information technology stocks after the U.S. Federal Reserve kicked off its monetary easing cycle with a large half percentage point rate reduction.
linkCopy linkshare_windowsShareDollar claws back losses after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday, reversing a brief tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.
linkCopy linkshare_windowsShareBank of England set to hold rates with bond sales in spotlight
The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget.
linkCopy linkshare_windowsShareUS rate futures imply more easing this year after Fed's 50-basis-point cut
Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by the Federal Reserve by the end of this year, LSEG calculations showed.
linkCopy linkshare_windowsShareUS 30-year mortgage rate falls to two-year low of 6.15%
The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years, on anticipation the Federal Reserve will start cutting interest rates on Wednesday, potentially by as much as a half of a percentage point.
linkCopy linkshare_windowsShareTaiwan Raises RRR Again to Cool Off Property Market, Holds Rate
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Taiwan’s central bank increased the amount of funds banks must hold in reserve to rein in the hot property market, while keeping its benchmark interest rate at the highest level in 16 years.
linkCopy linkshare_windowsShareEurope Confronts the Economic Cost of Devastating Floods
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What’s already clear is that the Polish and Czech economies will take a knock and government coffers are going to get more stretched.
linkCopy linkshare_windowsShareSouth Africa Seen Sticking to Modest Rate Cut Despite Fed Move
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The South African Reserve Bank will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the Federal Reserve as it turns the screws on inflation.
linkCopy linkshare_windowsSharePhilippine Finance Chief Seeks Half-Point Rate Cut to Match Fed
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Philippine Finance Secretary Ralph Recto, who represents the government in the central bank’s rate-setting board, said he will back a 50-basis-point rate cut at the panel’s next meeting in October.
linkCopy linkshare_windowsShareEuropean Stocks Near Record Highs as Fed Cut Boosts Sentiment
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European stocks rose to trade within striking distance of their record highs, tracking a global rally across financial markets after the Federal Reserve announced a half-point interest-rate cut, a bigger move than many economists had forecast.
linkCopy linkshare_windowsShareECB May Have to Accelerate Rate Cuts, Centeno Tells Politico
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The European Central Bank may have to quicken the pace that it lowers interest rates to avoid inflation falling short of forecasts, Governing Council member Mario Centeno told Politico.
linkCopy linkshare_windowsShareFed Cut May Spur Nigeria, Angola Eurobond Sales, BancTrust Says
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The Federal Reserve’s half-percentage-point interest-rate cut may pave the way for new debt issuance by African nations including Nigeria and Angola, according to BancTrust & Co.
linkCopy linkshare_windowsShareSwiss Government Sees Sharp Drop in Inflation Rate Next Year
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Switzerland’s government slashed its inflation forecasts, a move in line with expectations that the central bank will cut interest rates again when officials meet next week.
linkCopy linkshare_windowsShareSwedish Government Unveils Budget Designed to Boost Recovery
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Sweden’s government submitted a budget bill aimed at fueling an economic recovery, following two years of price hikes and interest-rate increases that have hit consumers and businesses.
linkCopy linkshare_windowsShareHong Kong Makes First Rate Cut Since 2020, Boosting Economy
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Hong Kong’s beleaguered real estate market is set for some relief after the city cut its base interest rate for the first time in four years, mirroring the Federal Reserve’s policy easing.
linkCopy linkshare_windowsShareTurkey Seen Awaiting More Evidence Before Starting to Cut Rates
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Turkey’s central bank will probably keep its main interest rate unchanged for a sixth straight month, as a lack of significant improvement in underlying inflation pushes the monetary authority to stick with a tighter bias.
linkCopy linkshare_windowsSharePrabowo’s First $237 Billion Budget Wins Indonesia Parliament Approval
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Indonesia’s parliament approved a state budget that will help President-elect Prabowo Subianto get his administration and growth ambitions up and running next month.
linkCopy linkshare_windowsShareAustralia’s Hiring Strength Persists as Unemployment Steady
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Australia’s strong hiring extended into August and the unemployment rate held steady, underscoring the resilience of the labor market to elevated interest rates.
linkCopy linkshare_windowsShareBrazil Central Bank Lifts Its Interest Rate and Signals More Hikes Ahead, Bucking Global Trend
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Brazil’s central bank raised its interest rate by a quarter-point and said more hikes are coming on resilient growth and inflation expectations, moving in the opposite direction of the Federal Reserve and regional peers.
linkCopy linkshare_windowsShareThe Fed (Finally) Lowered Interest Rates
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The Fed cut interest rates Wednesday by half a percentage point. On today’s Big Take podcast, what that means for the economy — and everyday consumers.
linkCopy linkshare_windowsShareFed Opens Up Policy Space Around the World Without Feeding Panic
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The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the policy horizon for counterparts spanning the globe.
linkCopy linkshare_windowsShareNew Zealand Economy Shrinks Less Than RBNZ Expected
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New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected.
linkCopy linkshare_windowsShareFed Opts for Outsize Cut as Powell Seeks to Ensure Soft Landing
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Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation.
linkCopy linkshare_windowsShareLabour Plan Not Enough to Put UK Growth Atop G-7, Study Finds
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Labour’s current policies would only get Britain halfway to becoming the fastest-growing economy in the Group of Seven, suggesting more is needed to fulfill Prime Minister Keir Starmer’s key promise to voters.
linkCopy linkshare_windowsShareFed Cuts Rates by Half Point in Decisive Bid to Defend Economy
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The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, an aggressive start to a policy shift aimed at bolstering the US labor market.
linkCopy linkshare_windowsShareFed Cut Is a Positive for Credit, Market Participants Say
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Credit derivative spreads narrowed on Wednesday after the Federal Reserve cut interest rates for the first time in over four years, lowering them by a half percentage point.
linkCopy linkshare_windowsShare
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
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U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
linkCopy linkshare_windowsShareA Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices
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Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race
linkCopy linkshare_windowsShareWall Street Expects Half-Point Fed Rate Cut
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point.
linkCopy linkshare_windowsShareTupperware, Food Container Pioneer, Files for Bankruptcy
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The once-mighty kitchenware company has struggled financially for years. It says the direct sales model that fueled its success has become a weakness.
linkCopy linkshare_windowsShareTransportation Department Blesses Alaska Air-Hawaiian Merger, With Strings
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The carriers secured clearance from the Transportation Department to proceed with their merger, conditioned on the airlines maintaining service on crucial routes, preserving the value of frequent-flier miles and other customer-service guarantees.
linkCopy linkshare_windowsShareU.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
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Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.
linkCopy linkshare_windowsShareUniversal Music Looks to Subscriptions, Superfans for Fresh Growth
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The world’s largest music company laid out a vision to drive revenue growth through 2028.
linkCopy linkshare_windowsShareIndia Lender Backs Gujarat Fund to Boost Clean Power Developers
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Indian lender REC Ltd. has backed a proposal from the western state of Gujarat for a fund to support clean energy developers looking to build in the region.
linkCopy linkshare_windowsShareMeyer Burger to Replace CEO as Solar Company Cuts More Jobs
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Meyer Burger Technology AG announced a deep restructuring plan and swapped out its top executives, in the latest attempt to return to profitability for the ailing Swiss solar panel maker.
linkCopy linkshare_windowsSharePimco CIO Dan Ivascyn on the Biggest Fed Decision in Years
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What are the risks in the short and long term?
linkCopy linkshare_windowsShareInflation Right on Cue: The London Rush
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Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
linkCopy linkshare_windowsShareUK Inflation Steady at 2.2%
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UK inflation held at just above the Bank of England’s 2% target in August. Consumer prices rose 2.2% from a year earlier and services inflation rose to 5.6% in August from 5.2% in July, the Office for National Statistics said Wednesday. Bloomberg’s Lizzy Burden, Tom Mackenzie and Guy Johnson discuss.
linkCopy linkshare_windowsShareOdd Lots: Pimco’s Dan Ivascyn on Fed Day and Beyond (Podcast)
Source: Bloomberg, 46:46
linkCopy linkshare_windowsShareLooking Ahead to the BOE Rate Decision
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The Bank of England will announce its latest policy decision on Thursday. The central bank is expected to hold its key rate steady. Bloomberg’s Lizzy Burden breaks down what to expect.
linkCopy linkshare_windowsShareAfrica Floods Affect Millions, Deepening Food Crisis
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Floods across 14 central and West African nations have killed about 1,000 people and have affected at least 4 million. The floods are hitting a region that’s among the least-prepared globally for climate-related disasters. Bloomberg’s Ondiro Oganga reports.
linkCopy linkshare_windowsShareAttack: The Bloomberg Open, Europe Edition
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Good morning. Hezbollah says Israel was behind the pager blasts in Lebanon. Germany is sticking to a plan to sell its entire stake in Commerzbank. And the Fed is expected to cut rates today—but by how much?
linkCopy linkshare_windowsShareViktor Orban’s Big Bet on EVs Isn’t Quite Going to Plan
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Hungary has more at stake on a quick transition than any country in Europe, and the slowdown is now taking its toll on the economy.
linkCopy linkshare_windowsShareNo Bail For Diddy, Fed Rate Cut Bets, More
Source: Bloomberg, 4:57
linkCopy linkshare_windowsShareDalio Sees Quarter-Point Fed Cut as ‘Right Thing’ for Creditors
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Bridgewater Associates founder Ray Dalio said the overall picture of the US economy probably warrants a smaller interest-rate cut by the Federal Reserve this week.
linkCopy linkshare_windowsShareBloomberg Daybreak Asia: APAC Markets Brace for Fed (Podcast)
Source: Bloomberg, 19:42
linkCopy linkshare_windowsShareFingers Pointed At Israel For Pager Attack, Big Bets On The Fed
Source: Bloomberg, 4:19
linkCopy linkshare_windowsShareUltra-weak home prices in northern China arrive in southern powerhouses
Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China's property crisis spreads, Hegang's basement prices are showing up in wealthier regions in a new threat to the economy.
linkCopy linkshare_windowsShareTraders brace for least predictable Fed meeting in years
Traders in global financial markets are facing extraordinary uncertainty as they await the U.S. Federal Reserve's expected rate cut on Wednesday, setting up markets for a burst of volatility.
linkCopy linkshare_windowsShareWith Fed's rate cut at hand, debate swirls over how big a move
Whether policymakers opt for a half-percentage-point cut or smaller move remains up in the air.
linkCopy linkshare_windowsShareBridgewater's Dalio and Singapore's GIC chief cautious on global outlook
Ray Dalio, founder of the world's largest hedge fund, and Lim Chow Kiat, the boss of Singapore's sovereign wealth fund GIC are increasingly cautious on the year ahead due to political risk and uncertain global growth prospects.
linkCopy linkshare_windowsShareMorning Bid: Traders still guessing in final Fed countdown
A look at the day ahead in European and global markets from Kevin Buckland
linkCopy linkshare_windowsShareDollar drops vs yen, Asia stocks struggle as Fed looms
The dollar ceded some of its overnight gains on Wednesday while Asian stocks struggled as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.
linkCopy linkshare_windowsShareExplainer: How would Japan's ruling party race affect BOJ rate hike timing?
Japan's ruling party leadership race, which will determine who becomes next prime minister, could complicate the central bank's plan to normalise ultra-loose monetary policy.
linkCopy linkshare_windowsShareJapan's exports slow sharply, machinery orders shrink in blow to economic recovery
Japan's export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.
linkCopy linkshare_windowsShareUS economy on solid ground as retail sales surprise on the upside
Retail sales increased 0.1% last month after an upwardly revised 1.1% surge in July.
linkCopy linkshare_windowsShareKroger Antitrust Case Could Open Up New Bag of M&A Possibilities
A victory for the Federal Trade Commission, set to conclude Tuesday, could pave the way for an Amazon buying spree.
linkCopy linkshare_windowsShareIndonesia’s Surprise Rate Cut May Spur Inflows, Support Rupiah
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Bank Indonesia’s surprise interest-rate cut may lead to higher foreign inflows into bonds and end up supporting the rupiah, according analysts and strategists.
linkCopy linkshare_windowsShareGupta: US Growth Does Not Look Like Recession
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Anita Krishan Gupta, Emirates NBD, on Fed cut, market reactions and state of US economy. She speaks with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg)
linkCopy linkshare_windowsShareScaramucci Predicts Bitcoin Record on Fed Rate Cuts, Clearer US Rules
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Hedge fund manager Anthony Scaramucci projected record highs for Bitcoin fueled by a combination of interest-rate cuts and US crypto regulatory clarity in the wake of November’s presidential election.
linkCopy linkshare_windowsShareFed Cut Serves as Starting Gun for Central Banks Across Asia
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Asia’s central banks are in for some relief after more than two years of currency pain, as the Federal Reserve is set to lower interest rates by at least a quarter-point. The path for the region’s own monetary policy, though, will be bumpy from here.
linkCopy linkshare_windowsShareMarkets in 3 Minutes: Fed's Reaction Function Is Main Message
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Guy Johnson, Tom Mackenzie, Lizzy Burden, and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
linkCopy linkshare_windowsShareChinese Stocks Edge Up as Mainland Markets Reopen After Break
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Chinese stocks listed on mainland markets eked out a modest gain after a holiday break, seeking to catch up to Hong Kong equities’ momentum amid calls for major economic stimulus.
linkCopy linkshare_windowsSharePimco’s Ivascyn Sees Market Getting Ahead of Itself on Fed Bets
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The bond market has priced in too many Federal Reserve interest-rate cuts, says Daniel Ivascyn, who runs the world’s largest actively managed fixed-income fund at Pacific Investment Management Co.
linkCopy linkshare_windowsShareIndia Considers Relaxing Export Curbs on Non-Basmati Rice
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India is mulling easing restrictions on overseas shipments of non-basmati rice, Food Secretary Sanjeev Chopra said in New Delhi on Wednesday.
linkCopy linkshare_windowsShareGasoline Exports From China Decline as Flows Seen Loss-Making
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Gasoline exports from China fell to the lowest since April due to a plunge in margins and quota that is fast running out.
linkCopy linkshare_windowsShareECB Should Continue to Reduce Interest Rates, Villeroy Says
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The European Central Bank should continue to lower rates as inflation is set to return durably to 2% next year, Governing Council member Francois Villeroy de Galhau said.
linkCopy linkshare_windowsShareStocks Rise Before Fed, Intel to Make Custom AI ChIps for Amazon | The Opening Trade 09/17
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Retail and banking stocks rose as traders looked forward to a final set of economic data before the Federal Reserve decides on the size of Wednesday’s interest-rate cut. Intel and Amazon will coinvest in a custom semiconductor for artificial intelligence computing . With Ursula von der Leyen announces the portfolios for her next team of commissioners, as Macron ally Stephane Sejourne is pegged to be nominated as an executive vice president. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Lizzy Burden. (Source: Bloomberg)
linkCopy linkshare_windowsShareThailand Says $78 Billion Borrowing Plan Won’t Crowd Market
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Thailand’s government pledged to ensure its $78 billion borrowing plan in the next fiscal year won’t crowd out the private sector.
linkCopy linkshare_windowsShareIndian shares tread water ahead of Fed policy decision
Indian shares were little changed on Wednesday and are expected to tread water through the session ahead of the U.S. Federal Reserve's rate decision and commentary due after market hours.
linkCopy linkshare_windowsShareOil prices steady, with investors focusing on Fed decision
Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market.
linkCopy linkshare_windowsShareMorning Bid: Fed's close call - the waiting is almost over
A look at the day ahead in Asian markets.
linkCopy linkshare_windowsShareFed to go big on first rate cut, traders bet
They expect two half-point rate cuts and one quarter-point cut over the rest of 2024.
linkCopy linkshare_windowsShareUS manufacturing output rebounds in August
Production at U.S. factories surged in August amid a rebound in motor vehicle output, but data for the prior month was revised lower, suggesting that manufacturing continued to tread water.
linkCopy linkshare_windowsShareS&P 500 ends little changed as early gains fade before Fed decision
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors braced for the first Federal Reserve rate cut in 4-1/2 years.
linkCopy linkshare_windowsShareIndonesia Surprises With Quarter-Point Cut Before Fed Move
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Indonesia’s central bank unexpectedly cut its key interest rate for the first time in more than three years, as an imminent Federal Reserve pivot allowed it to ease ahead of its own guidance and turn its focus on supporting the economy.
linkCopy linkshare_windowsShareBrazil Is Set to Raise Interest Rates Hours After Fed Cuts Them
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Brazil’s central bank will likely raise interest rates for the first time since 2022 as a heated economy and above-target inflation forecasts make it an outlier in a global easing push emboldened by the Federal Reserve.
linkCopy linkshare_windowsShareS. African Inflation Dips Below Target on Eve of Rates Call
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South Africa’s annual inflation rate fell below the midpoint of the central bank’s target range for the first time in more than three years, adding impetus for it to start easing.
linkCopy linkshare_windowsShareUK Inflation Steady at 2.2% Leaves Door Open for Rate Cuts
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UK inflation held at just above the Bank of England’s 2% target in August, cementing expectations that policymakers will cut interest rates again later this year.
linkCopy linkshare_windowsShareGryphon’s Du Plessis Is Lone Outlier on South African Rate Cut
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Economists are almost unanimous that the South African Reserve Bank will deliver a 25-basis-point interest-rate cut on Thursday. Almost, but not quite.
linkCopy linkshare_windowsSharePhilippines Plans Large RRR Cut This Year After Easing Pivot
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The Philippine central bank is looking to cut banks’ reserve requirement ratio significantly before yearend, according to Governor Eli Remolona, a move that’s expected to unleash billions of pesos into the financial system.
linkCopy linkshare_windowsShareBank of Canada’s Rogers Says Inflation Battle Isn’t Over Yet
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The Bank of Canada’s second-in-command said policymakers still want to see more progress on core inflation measures, even with the primary measure of price pressures back to the central bank’s 2% target.
linkCopy linkshare_windowsShareJapan’s Export Growth Slows as External Demand Moderates
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Japan’s export growth slowed, with shipments to the US slipping for the first time in almost three years in an outcome underscoring the mixed prospects for Japan’s economic recovery.
linkCopy linkshare_windowsShareIreland Needs to Build 52,000 Homes Per Year, Central Bank Warns
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Ireland could need to complete around 52,000 new homes each year until 2050 to house the country’s growing population, according to the central bank, a figure that far exceeds current government targets of 33,000 annually.
linkCopy linkshare_windowsShareFed to Kick Off Rate Cuts, Signal Next Steps
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The Federal Reserve is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.
linkCopy linkshare_windowsShareFed Cuts Will Usher in Weaker Dollar, Point72’s Drossos Says
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The US dollar is entering a downward trend as the Federal Reserve starts lowering borrowing costs and signs of optimism emerge in other parts of the world, according to Sophia Drossos, a strategist and economist at Point72 Asset Management.
linkCopy linkshare_windowsShareIndonesia Central Bank Set for Dovish Hold, With Eyes on the Fed
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Indonesia’s central bank is approaching the point where it can start easing borrowing costs as the rupiah keeps strengthening and inflation stays modest. Most economists aren’t convinced that it will happen this week though, before the expected US rate cut.
linkCopy linkshare_windowsShareJPMorgan’s Dimon Says Fed Rate Cut Won’t Be ‘Earth-Shattering’
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said whether the Federal Reserve cuts interest rates by 25 or 50 basis points, the move is “not going to be earth-shattering.”
linkCopy linkshare_windowsShareIMF Says Supports Kenyan Efforts for Policies to Complete Review
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An International Monetary Fund staff team has concluded a six-day visit to Kenya, where it held discussions on recent developments and policies to manage emerging challenges in the East African nation, according to an emailed statement from the lender.
linkCopy linkshare_windowsShareBank of France Predicts Inflation Will Slow to 1.5% Next Year
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The Bank of France cut its forecast for French inflation next year to well below the European Central Bank’s 2% target, adding to signals encouraging policymakers to pursue interest-rate cuts.
linkCopy linkshare_windowsShareBond Traders Favor Half-Point Cut in Fed’s ‘Coin Flip’ Decision
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Bond traders are favoring bets the Federal Reserve will kick off its interest-rate cutting cycle with a half-point move this week as debate rages on over whether officials can pull off a rare soft landing.
linkCopy linkshare_windowsShareBrazil’s Tightening Cycle Set to Miss Market Forecast, JPM Says
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Brazil will raise interest rates less than traders expect as the Federal Reserve’s easing cycle provides a ‘Goldilocks’ scenario for risk assets, according to the head of Latin America economic research at JPMorgan & Chase Co.
linkCopy linkshare_windowsShare
In Nevada, Economy Tops Issues as Unemployment Remains High
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The state is among a handful that will decide the presidential contest, and workers have felt increased prices at the grocery store and gas station.
linkCopy linkshare_windowsShareWhat Fed Interest Rate Cuts Means for Mortgages, Car Loans and More
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Here’s what lowered interest rates will mean for your car loans, credit cards, mortgages, savings and student loans.
linkCopy linkshare_windowsShareHow the Fed Cutting Interest Rates Affects Banks, Stocks and More
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For corporate America, this week’s expected interest rate cut carries risks along with rewards.
linkCopy linkshare_windowsShareChina’s ‘Silver Economy’ Is Thriving as Birthrate Plunges
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The shrinking population poses threats to growth but has opened opportunities for businesses that serve seniors.
linkCopy linkshare_windowsShareTikTok Faces Tough Questions From Judges in Fight Over U.S. Ban
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TikTok on Monday pushed back against a law that would force the popular video app to sell to a non-Chinese owner or be banned, in what is shaping up to be a landmark case.
linkCopy linkshare_windowsShareBoeing Will Cut Spending as Strike Takes Financial Toll
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More than 33,000 Boeing workers went on strike last week after rejecting a tentative contract the company had negotiated with their unions.
linkCopy linkshare_windowsShareHarland & Wolff, Titanic Shipbuilder, Files for Bankruptcy
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For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.
linkCopy linkshare_windowsShareAre Voters Feeling Better About the Economy?
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After another tumultuous weekend in the presidential campaign, Americans are still largely focused on their finances, new surveys show. That could give an edge to Vice President Kamala Harris.
linkCopy linkshare_windowsShareThai Government Nominates Central Bank Critic for BOT Chairman
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Thailand’s government is backing Kittiratt Na-Ranong, a critic of the central bank’s hawkish monetary policy and a loyalist of the ruling party, to become the new chairman of the Bank of Thailand, according to people familiar with the matter.
linkCopy linkshare_windowsShareTwo Sinochem Oil Refineries Declared Bankrupt as Margins Plunge
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Two oil refiners in China run by chemical conglomerate Sinochem Group Co. were declared bankrupt, highlighting the headwinds older units face as margins plummet.
linkCopy linkshare_windowsShareHedge Funds Brevan Howard, Millennium Boost Japan Trading Ranks
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Hedge fund firms including Brevan Howard Asset Management LLP and Millennium Management LLC continue to boost their ranks of Japan-focused traders after economic and monetary policy swings roiled markets.
linkCopy linkshare_windowsShareJapan Finance Minister Plays Down Seven & I’s ‘Core’ Designation
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Any company that seeks to take over a Japanese business will require prior notification to the government, making it hard to say that Seven & i Holdings Co.’s designation as “core” to national security would make any buyout deal difficult, Finance Minister Shunichi Suzuki said.
linkCopy linkshare_windowsShareBloomberg Daybreak Europe: Rate Uncertainty In 15 Years(Podcast)
Source: Bloomberg, 16:39
linkCopy linkshare_windowsShareRate Uncertainty Highest Since 2007, Amazon Ends WFH, More
wSource: Bloomberg, 6:50
linkCopy linkshare_windowsShareIraq PM Says Oil Pipeline Is Beset by Cost Disagreements
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Iraqi Prime Minister Mohammed Shia Al-Sudani says there are cost disagreements over a key oil pipeline to Turkey that’s been shut for over a year. Baghdad won a long-standing arbitration case on oil exports from semi-autonomous Kurdistan, but hasn’t been able to strike an agreement over how much to pay international oil companies operating there for their production. “We have to look at how to balance those issues,” Al-Sudani said during an interview with Bloomberg’s Joumanna Bercetche. (Part-Ar
linkCopy linkshare_windowsShareIraq PM on US Troops Exit, ISIS, Election, Trump, Iran
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Iraqi Prime Minister Mohammed Shia Al-Sudani talks with Bloomberg’s Joumanna Bercetche in Baghdad about his plan to announce a timeline for the withdrawal of US troops since he says ISIS no longer poses a threat. He also discusses the outlook for the presidential race between Kamala Harris and Donald Trump and the possible impact of a Trump presidency and hawkish policy toward Iran on stability in the region. (Part-translated into English from Arabic)
linkCopy linkshare_windowsShareIraq PM Plans to Announce Timetable for US Military Exit
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Iraqi Prime Minister Mohammed Shia Al-Sudani says he plans to announce a timetable for the withdrawal of US troops from the nation because they have largely succeeded in vanquishing ISIS. He discussed the issue with President Joe Biden when they met in Washington in April and the countries have reached an understanding on the withdrawal, Al-Sudani said during an interview with Bloomberg’s Joumanna Bercetche in Baghdad. (Part-Arabic with English subtitles)
linkCopy linkshare_windowsShareNorway’s Oil Capital Stavanger Feels the Squeeze as Krone Slides
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The Norwegian currency has lost about a fifth of its value against the euro since 2022. That’s causing upset in one of the world’s wealthiest — and priciest — countries.
linkCopy linkshare_windowsShareDBS Posts 300% Growth in Semi-Liquid Fund Sales in Greater China
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DBS Group Holdings Ltd. saw sales of its semi-liquid fund products to Greater China spike this year and expects demand to remain high as investors boost allocation for alternative assets.
linkCopy linkshare_windowsShareRate-cut fever boosts investor sentiment in September, BofA survey shows
Global investor sentiment improved in September for the first time since June on optimism over a soft landing and interest rate cuts by the U.S. Federal Reserve, a BofA survey of fund mangers published on Tuesday showed.
linkCopy linkshare_windowsShareMorning Bid: Yen's big week begins
A look at the day ahead in European and global markets from Tom Westbrook
linkCopy linkshare_windowsShareIndonesia's trade surplus beats forecast in August on export recovery
Indonesia's trade surplus rose to a three-month high in August, topping forecasts, as exports grew much faster than expected, official data showed on Tuesday.
linkCopy linkshare_windowsShareCentral bank digital currency momentum growing, study shows
A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in usage.
linkCopy linkshare_windowsShareGlobal shares rise, dollar pinned lower by Fed rate cut bets
European stocks were higher on Tuesday, while the U.S. dollar was pinned lower, a day before the U.S. Federal Reserve is expected to begin an easing cycle that could see policymakers deliver an outsized rate cut.
linkCopy linkshare_windowsShareAs Fed cuts loom, health of US economy could determine markets' path
How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy.
linkCopy linkshare_windowsShareConsumers Have a Debt Problem: Not Enough of the Right Kind
The Federal Reserve’s next interest-rate decision could be a fateful one for many consumers and in turn for debates about the health of the American spender.
linkCopy linkshare_windowsShareWhere to Put Your Money When the Fed Cuts Rates
What lower rates mean for the trillions of dollars in CDs and high-yield savings accounts.
linkCopy linkshare_windowsShareGerman Investor Confidence Plummets After Spate of Bad News
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Investor confidence in Germany’s economy plunged to its lowest level in almost a year after further signs of a deepening malaise in the key manufacturing sector.
linkCopy linkshare_windowsShareMarkets Hinge on Powell Emulating Greenspan’s Soft Landing
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Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off a rare soft landing, for a playbook on trading the first interest-rate cut in four years.
linkCopy linkshare_windowsShareStocks Rise With Retail Data in Focus Before Fed: Markets Wrap
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European stocks and US equity futures rose as traders looked forward to a final set of economic data for clues on the size of Wednesday’s Federal Reserve interest-rate cut.
linkCopy linkshare_windowsShareOil Steadies Ahead of Fed Decision While Demand Concerns Persist
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Oil was little changed as global markets await a widely expected interest-rate cut by the Federal Reserve this week.
linkCopy linkshare_windowsShareBofA Poll Says Fed Bets Lift Sentiment for First Time Since June
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Optimism around the Federal Reserve’s highly anticipated interest-rate cuts has boosted investor sentiment for the first time since June, according to a global survey by Bank of America Corp.
linkCopy linkshare_windowsShareHedge Funds Start to Split on Long-Yen Trades Before Fed and BOJ
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A divergence is emerging among leveraged funds on their positions in the yen ahead of the Federal Reserve and Bank of Japan meetings that will dictate the currency’s near-term trajectory.
linkCopy linkshare_windowsShareKorea Hopeful of Bond Index Entry Even as Banks Skeptical
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South Korea is “positively expecting” the country’s bonds to be included in a key global debt index next month, a senior government official says, even as some major banks say it’s unlikely to happen this time around.
linkCopy linkshare_windowsShareGermany Faces Fresh Setback as Intel Halts Planned Chip Factory
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Intel Corp.’s decision to postpone its planned factory in Germany marks a setback for the government in Berlin and will reignite controversy over where to allocate about €10 billion ($11 billion) in earmarked subsidies.
linkCopy linkshare_windowsShareZimbabwe Creditors Mull Debt-for-Climate Swap to Fix Arrears
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Zimbabwe’s creditors may be willing to consider a debt-for-climate swap with the nation as part of a restructure of its $21 billion in arrears.
linkCopy linkshare_windowsShareECB’s Simkus Says Likelihood of October Rate Cut Is ‘Very Small’
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There’s little chance that the European Central Bank will lower interest rates again next month, according to Governing Council member Gediminas Simkus.
linkCopy linkshare_windowsShareWhat the Volkswagen Jobs Crisis Means for Europe’s Economy
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Volkswagen AG is set to shutter factories in its German homeland for the first time in its history, a move that pulls at a thread that could see a decades-long deal between workers and their employers unravel. If it does, inflation could move structurally higher, current account surpluses could shrink and investment flows could shift, according to Bloomberg Economics research.
linkCopy linkshare_windowsShareTreasuries to 'Outperform' If Fed Cuts by 50 Bps: UBS Asset Management's Zhao
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Kevin Zhao, lead portfolio manager for UBS Asset Management's actively managed sovereign, fixed income and currency funds, discusses the outlook for Treasuries amid this week's Federal Reserve decision on interest rates. He speaks on Bloomberg Television. (Source: Bloomberg)
linkCopy linkshare_windowsShareWindfall Awaits Emerging-Market Debt as Fed Gears Up for Cuts
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JPMorgan Asset Management, Van Eck Associates Corp. and Vontobel Asset Management are betting that the billions of dollars pulled from emerging markets will start coming back as US borrowing costs drop.
linkCopy linkshare_windowsShareMagellan's Lam on Market Anticipation of Fed Cut
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Britney Lam, Magellan Capital head of equities, long/short, discusses how the market is pricing in an anticipated cut by the Fed. She speaks with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg)
linkCopy linkshare_windowsShareGoldman Says Gold May Dip If Fed Opts for Quarter-Point Cut
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Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.
linkCopy linkshare_windowsShareRupee faces resistance on dollar buying by state-run banks
The Indian rupee faced resistance on Tuesday following a rise driven by the U.S. dollar's struggles a day ahead of the Federal Reserve's highly anticipated interest rate decision.
linkCopy linkshare_windowsShareUS and Japan near deal to curb chip technology exports to China, FT reports
The United States and Japan are close to a deal to curb tech exports to China's chip industry despite alarm in Tokyo about Beijing's threat to retaliate against Japanese companies, the Financial Times reported on Tuesday citing people familiar with the matter.
linkCopy linkshare_windowsShareUK PM Starmer says first budget won't undermine growth goal
British Prime Minister Keir Starmer said that his government's first budget next month wouldn't take steps that undermine his goal to generate growth, but warned that unfunded spending commitments could damage the economy.
linkCopy linkshare_windowsShareRupee expected to remain steady ahead of Fed decision
The Indian rupee is expected to open nearly flat on Tuesday, with traders expecting the currency to see largely rangebound price action ahead of U.S. Federal Reserve's policy decision this week.
linkCopy linkshare_windowsShareIndian shares hold near record highs ahead of Fed policy decision
Indian shares held ground near all-time highs on Tuesday, with traders expecting marginal moves ahead of the U.S. Federal Reserve's widely expected interest rate cut a day later.
linkCopy linkshare_windowsShareSouth Africa Consumer Confidence Improves to a Five Year High
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South African consumer confidence surged in the third quarter to pre-pandemic levels, driven by increased optimism about personal finances which bodes well for household spending.
linkCopy linkshare_windowsShareWho Loses in Trump’s Endless Trade War? Not Just China
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Politicians are overselling the effectiveness of tariffs while underselling the costs to American businesses and households.
linkCopy linkshare_windowsShareSwiss Watchmakers Call on SNB to Act on Franc as Exports Slump
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Swiss watchmakers urged the central bank and the government to support exporters by curbing the strength of the country’s currency as overseas sales slump.
linkCopy linkshare_windowsShareThai Cabinet Approves $4.4 Billion Cash Handout to Spur Economy
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Thailand’s cabinet approved a cash handout plan totaling 145.6 billion baht ($4.4 billion) that will benefit millions of poor and help stimulate Southeast Asia’s second-largest economy.
linkCopy linkshare_windowsShareEU Urged to Bolster Its Air-Defense Gaps By Issuing Joint Debt
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The European Union should consider issuing joint debt to fund significant air-defense investments to better protect its airspace from possible Russian strikes, according to a new report from the Brussels-based think tank Bruegel.
linkCopy linkshare_windowsShareStarmer’s Plan to Court Investors Depends on Fixing Thames Water
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The government is pinning its hopes for growth on private investment in everything from green energy to housing. But investors have been burned by the Thames debacle.
linkCopy linkshare_windowsShareAfrica’s Largest Economies to Change Course on Rates for First Time in Years
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Central banks in two of Africa’s largest economies — South Africa and Nigeria — are set to change course on interest rates for the first time in years as inflation lets up.
linkCopy linkshare_windowsShareAustralia, UAE Reach Trade Deal to Boost Exports, Investment
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Australia has reached a trade agreement with the United Arab Emirates that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and critical minerals.
linkCopy linkshare_windowsShareThailand to Boost Borrowing by 8% to $78 Billion to Spur Growth
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Thailand plans to raise government borrowing by about 8% in the fiscal year starting October to aid economic growth, according to people familiar with the matter.
linkCopy linkshare_windowsShareBOJ Faces Task of Flagging Rate Hike Path While Standing Pat
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Bank of Japan Governor Kazuo Ueda faces the delicate task this week of making sure investors are firmly aware of interest rate hikes to come without ruffling markets even as he stands pat on policy.
linkCopy linkshare_windowsShareGLOBAL INSIGHT: Three Takeaways on the Emerging Market Outlook
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(Bloomberg Economics) -- A prolonged war, rattled markets and fading commodity rents are putting pressure on key emerging markets. In Europe, Ukraine’s incursion in Russian territory is a risky gamble that might give the country more leverage for negotiations to end the war. For Brazil, it could mean tightening monetary policy further to appease markets amid fiscal and credibility concerns. For many rentier Middle Eastern countries, the challenge is finding political, not just economic, solution
linkCopy linkshare_windowsShareBrainard Downplays Inflation Risk, Says Lower Rates Aid Housing
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President Joe Biden’s top economic adviser downplayed the risk of a re-emergence of inflation as policymakers shift their focus toward protecting the job market.
linkCopy linkshare_windowsShareECB’s Kazaks Says Rates to Be Cut Further But Not Too Quickly
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The European Central Bank will ease monetary policy further, though it shouldn’t do so too hastily due to lingering inflation risks, according to Governing Council member Martins Kazaks.
linkCopy linkshare_windowsShareEl Salvador Bonds Soar After Bukele Signals Zero Deficit
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El Salvador’s sovereign debt jumped Monday after President Nayib Bukele said the 2025 budget wouldn’t involve issuing new debt, signaling his plans for fiscal austerity, a key step in unlocking a long-awaited program with the International Monetary Fund.
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