Israeli Prime Minister Benjamin Netanyahu views the fragile Lebanon cease-fire as a strategic pause to intensify pressure on Hamas and Iran, leveraging U.S. military support. While this could present an opportunity for a broader peace deal, the risk of escalating conflict remains high, potentially leading to perpetual war and global isolation for Israel. The dynamics may shift with the incoming Trump administration, which could influence regional stability and the future of U.S.-Israel relations.
The dollar is poised for its largest weekly decline since August, with a 1.1% drop this week, as investors reassess the Trump trade that has previously bolstered the currency. Concerns are mounting over President-elect Donald Trump's social media activity and its potential impact on the U.S. economy. The Bloomberg Dollar Spot Index fell 0.2% on Friday, reflecting growing uncertainty in financial markets.
Overseas investors are identifying opportunities in India, even amidst record outflows from local equities last month. This trend suggests potential growth in specific sectors, highlighting India's resilience in attracting foreign investment despite market fluctuations.
Turkey's economy is expected to contract for the first time since the Covid-19 pandemic, with a projected 0.2% decline in gross domestic product for the third quarter. Despite this quarterly downturn, the economy is still anticipated to grow 2.5% year-on-year, consistent with the previous quarter.
The dollar strengthened after President-elect Donald Trump announced plans for additional tariffs on Mexico, Canada, and China, disrupting expectations for a more moderate economic approach. The Bloomberg Dollar Spot Index rose by 0.4%, while the Canadian dollar and Mexican peso fell significantly, with the latter dropping over 2%. In response to the dollar's rise, the People's Bank of China intervened to support the yuan by setting a stronger daily fixing than anticipated.
A hard-fought climate finance deal emerged from the latest COP, marked by significant drama, particularly India's strong objections to how contributions were counted. Article 6 on carbon markets was finally agreed upon after years of discussion, but concerns about credit integrity remain. Brazil is set to lead efforts to increase climate finance from $300 billion to $1.3 trillion ahead of the upcoming Belem COP.
Israel’s government is optimistic about the economy's recovery following the conflicts in Gaza and Lebanon. Shmuel Abramzon, the Finance Ministry’s chief economist, expressed confidence that the fighting will subside, predicting a positive economic outlook for 2025.
India’s central bank Governor Shaktikanta Das has been hospitalized in Chennai but is expected to be discharged soon. His condition and the reasons for hospitalization have not been detailed.
Copper and other base metals fell as the dollar strengthened following President-elect Donald Trump's announcement of new tariffs. Trump plans to impose a 10% tariff on Chinese goods and 25% on imports from Mexico and Canada, which contributed to a 0.7% rise in the Bloomberg Dollar Spot Index before it slightly eased. Meanwhile, shares in Asia experienced a decline.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
