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Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, stated that potential trade tariffs under a second Trump presidency are unlikely to disrupt the ECB's easing plans. He noted that the risks to inflation and growth in Europe are shifting to the downside.
RBI Governor Shaktikanta Das emphasized the importance of growth for the Global South during a policy conference in Mumbai, stating it must not compromise price stability. He urged countries to enhance investment in infrastructure, leverage technology, and implement institutional reforms, supported by conducive public and monetary policies.
Bitcoin has surged to a new all-time high, surpassing $97,000, as investors anticipate a second Donald Trump presidency, which could lead to favorable regulations for the cryptocurrency. The price rose over 3% to $97,646.68, with expectations of reaching $100,000 this year and potentially doubling by 2025. Analysts attribute this rally to improved liquidity, increased institutional adoption, and a shifting regulatory landscape, alongside concerns about inflation and budget deficits.
Since Russia's invasion of Ukraine, Europe faces a severe energy crisis, with policymakers misjudging the situation. High gas and electricity prices are set to persist, leading to plant closures and job losses in manufacturing, while households will experience rising retail energy costs, exacerbating inflation. Current wholesale gas prices have surged to €47 per megawatt-hour, significantly above the 2010-2020 average.
The implications of Donald Trump's new presidency on the economy and stock markets remain uncertain, with discussions focusing on the potential outcomes. The ongoing commentary from Mar-a-Lago highlights the controversies surrounding his announcements and personnel choices, often characterized by the word "could."
Philippine Stock Exchange CEO Ramon Monzon indicated that a quarter-point rate cut by the Bangko Sentral ng Pilipinas could boost the stock market, potentially pushing the index above 7,000 by year-end. This comes amid ongoing uncertainty regarding Donald Trump's policies.
A recent Bank of Korea survey reveals that 56% of local financiers and experts are concerned about potential US policy changes following Donald Trump's decisive election victory. This concern ranks as the second highest risk for South Korea, just behind the issue of elevated household debt.
Bitcoin surged past $95,000 for the first time, driven by optimism over a more favorable U.S. regulatory environment under President-elect Donald Trump. Since the election, over $4 billion has flowed into U.S. listed Bitcoin exchange-traded funds, with prices more than doubling this year and rising 40% in just two weeks. Analysts suggest the cryptocurrency is being drawn toward the $100,000 mark, despite being in overbought territory.
The government is at odds with the Reserve Bank of India (RBI) over proposed regulations that would require banks to increase their reserves for infrastructure loans and digital retail deposits. Concerns have been raised that these higher provisioning requirements could hinder credit growth, especially as banks are already facing challenges in raising deposits.
Nvidia reported a 94% year-on-year revenue surge to $35.08 billion for the third quarter, with net income rising 109% to $19.3 billion. Despite beating expectations, shares fell 2.5% in extended trading, as investors reacted to a slower growth rate compared to previous quarters. The company anticipates continued strong demand for its Blackwell chip, but expectations have heightened, leading to a desensitization to its remarkable performance.
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