{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
South Sudan President Salva Kiir has urged citizens to remain calm amid fears that the dismissal of top military officials could lead to violence. The president, who has canceled upcoming elections, is also facing a cash crisis following a rupture in a key oil pipeline in Sudan that supplies over 90% of government revenue.
Brazil's Finance Minister Fernando Haddad addressed market concerns following a significant reaction to a proposed reform that would raise income tax exemptions. He assured that the measures would be fiscally neutral and would only take effect in 2026, pending Congressional approval.
The St. Galler Kantonalbank forecasts further interest rate cuts by the Swiss National Bank, but not below zero, while emphasizing the attractiveness of high-dividend equities in a low-rate environment. Bitcoin is deemed a speculative asset unsuitable for strategic allocation, contrasting with gold, which remains a reasonable hedge. Geopolitical risks are acknowledged but viewed as short-term fluctuations rather than decisive factors.
Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, indicated that the ECB may need to lower interest rates to stimulate economic growth. He emphasized that there is "significant room" for easing before rates negatively impact output, with a further reduction expected in December. Villeroy urged officials to remain flexible regarding the pace and magnitude of future cuts.
The European Central Bank should monitor supply shocks that affect prices, according to Governing Council member Klaas Knot. He emphasized that while it may be appropriate to overlook temporary shocks if inflation expectations remain stable, a strong response is necessary if there is a risk of those expectations becoming unanchored.
ECB President Christine Lagarde has urged EU leaders to collaborate with the new U.S. president, advocating for increased purchases of U.S. goods to mitigate trade tensions. She warned that a full-scale trade war could harm global economic growth and recommended a "checkbook strategy" over retaliatory tariffs, emphasizing the need for diplomatic engagement to stabilize the trade landscape.
Poland's private consumption growth slowed significantly in the third quarter, rising only 0.3% year on year, down from 4.6% in the previous quarter. This decline raises concerns about future economic growth, despite the overall economic growth rate being confirmed at 2.7%. The situation strengthens the argument for quicker interest rate cuts.
German inflation held steady at 2.4% in November, surprising analysts who expected a rise to 2.6%. This stability, attributed to a decline in food prices that countered energy cost effects, supports the case for the European Central Bank to continue reducing interest rates.
The ruble has plummeted over 9% against the dollar and 6% against the yuan since the US imposed sanctions on approximately 50 Russian banks on November 21. This decline is intensifying pressure on the Bank of Russia to implement a significant interest rate hike to combat rising inflation.
France's political turmoil has driven its borrowing costs to match those of Greece for the first time, with 10-year government bond yields nearly equal at 3.0010% and 3.030%, respectively. Prime Minister Michel Barnier faces a potential no-confidence vote from the left-wing New Popular Front alliance, which threatens to destabilize his minority government as it struggles to pass a budget aimed at reducing a significant deficit. Despite reassurances from officials about France's economic strength compared to Greece, concerns persist over the country's fiscal health, with a projected budget deficit of 6.1% in 2024 and public debt exceeding 110% of GDP.
Central Bank Actions
SubCategory
17:38 28.11.2024
15:45 28.11.2024
14:59 28.11.2024
14:57 28.11.2024
14:50 28.11.2024
Euro
United States Dollar
European Central Bank
Financial Times Ltd.(the)
USA
Donald Trump
Christine Lagarde
14:46 28.11.2024
14:39 28.11.2024
14:09 28.11.2024
13:44 28.11.2024
Euro
Rabobank
FRA
GRC
Jason Da Silva
Michel Barnier
Emmanuel Macron
Antoine Armand
Marine Le Pen
Show more
13:29 28.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Banking Regulations
Cryptocurrency & Blockchain Regulations
Market Sentiment Analysis
Inflation Rates & CPI Data
Corporate Responsibility & ESG
Decentralized Finance (DeFi) Innovations
Industry Trends
Corporate News
Market Analysis and Predictions
SEC & Financial Compliance
Cryptocurrency Regulations
Tokenomics and Crypto Economics
Blockchain Technology Adoption
Real Estate Investments
Mergers & Acquisitions
Anti-Money Laundering (AML) Regulations
Countries:
Companies:
Currencies:
People:
Coinbase Global, Inc.
JPMorgan Chase & Co.
Apple Inc.
Solana USD
MicroStrategy Inc
Ripples USD
BlackRock, Inc.
NVIDIA Corporation
Bitwise Bitcoin ETF
Grayscale Litecoin Trust
Chainlink USD
VanEck Vietnam ETF
UBS Group AG
Intesa Sanpaolo
KB Home
Wells Fargo & Company
Michelin
The Goldman Sachs Group, Inc.
Ethereum USD
Robinhood Markets, Inc.
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Canadian Dollar
Indian Rupee
Japanese Yen
Australian Dollar
Hong Kong Dollar
South Korean Won
Thai Baht
Danish Krone
New Zealand Dollar
Swedish Krona
Mongolian Tögrög
Indonesian Rupiah
New Taiwan Dollar
Vietnamese Đồng
Singapore Dollar
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.