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Serbia's central bank has decided to maintain its one-week repurchase rate at 5.75%, a move that reflects caution amid ongoing price pressures. This decision was unexpected, as a majority of economists had anticipated a rate cut. For more details, visit [Bloomberg](https://www.bloomberg.com).
The German 10-year yield has surpassed the equivalent swap rate for the first time, signaling market concerns over potential increased bond sales amid a government shift towards more lenient debt policies. This inversion, recorded at minus two basis points, follows Chancellor Olaf Scholz's call for snap elections and the dismissal of Finance Minister Christian Lindner, who opposed relaxing strict borrowing rules.
Sweden's core inflation rate has risen to 2.1%, exceeding the Riksbank's 2% target, according to a preliminary estimate from Statistics Sweden. This increase comes just as the central bank is set to announce its next easing move, with the figure surpassing economists' median expectations.
The Philippine economy grew by 5.2% in the third quarter, falling short of the 5.7% forecast by economists and down from 6.4% in the previous quarter. This slowdown may prompt the central bank to consider further interest rate cuts to stimulate growth.
Poland has maintained its interest rates at 5.75% for the 13th consecutive month as inflation rises and the government adopts a looser budget approach. This decision aligns with the predictions of all 36 economists surveyed. Further details on growth and inflation forecasts will be released at 4 p.m. in Warsaw.
President Xi Jinping is now better equipped to handle a renewed trade conflict with the U.S., as Donald Trump threatens to impose tariffs of up to 60% on Chinese goods. This escalation could severely impact trade between the two largest economies, compounded by ongoing export controls on advanced technology.
Taiwan's inflation rate rose by 1.69% in October, marking the slowest increase since March 2021, according to the statistics bureau in Taipei. This figure fell short of economists' median estimate of 1.8%, yet it is unlikely to sway the central bank from its hawkish approach.
Donald Trump has informally discussed the possibility of appointing billionaire hedge fund manager John Paulson as Treasury Secretary if he wins the presidency again in 2024, according to Bloomberg. Paulson, whose net worth is estimated at $3.8 billion, previously served as a top economic adviser during Trump's 2016 campaign. No official decisions regarding the cabinet have been made yet.
Analysts predict that the outcome of the US election will significantly impact Chinese stocks and the US dollar. Following the election results, the Bloomberg Dollar Spot Index rose over 1%, while the Japanese yen and South Korean won fell more than 0.7%. Market fluctuations align with expectations of a Donald Trump victory, given his aggressive trade policies towards China.
Oil traders are increasing bullish bets on US crude futures to hedge against potential price spikes toward $100 a barrel amid rising Middle East tensions following the US election. On Monday, over 10 million barrels worth of December call options were traded in a $90/$100 spread, set to expire on November 15, providing a cost-effective way to guard against imminent price surges.
Bloomberg
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
serbia holds interest rates steady amid ongoing price pressures
12:00 07.11.2024
german bond market shifts as debt concerns rise amid political changes
10:31 07.11.2024
swedish core inflation rises above target ahead of central bank decision
08:11 07.11.2024
Philippine economy grows 5.2 percent in third quarter below expectations
03:07 07.11.2024
poland maintains interest rates as inflation rises and budget deficit grows
14:33 06.11.2024
xi prepares for trade war as trump threatens high tariffs
12:45 06.11.2024
taiwan inflation rises at slowest rate since early 2021
09:09 06.11.2024
Trump considers John Paulson for Treasury Secretary in potential second term
08:24 06.11.2024
us election results impact chinese stocks and dollar fluctuations
04:08 06.11.2024
oil traders hedge against price spikes amid us election tensions
18:49 05.11.2024
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