Investing.com — Goldman Sachs has warned of “significant consequences” for US consumers if President-elect Donald Trump moves forward with proposed tariffs on imports from Canada, casting doubt on whether the plan will ultimately be implemented. Reuters reported on Tuesday that Trump’s proposed 25% tariff on Canadian and Mexican imports would include crude oil, a key…
FRANKFURT (Reuters) – The European Central Bank should ease policy only gradually, and cutting rates to a level that starts to stimulate growth may not be appropriate, ECB board member Isabel Schnabel told Bloomberg in an interview published on Wednesday. “Given the inflation outlook, I think we can gradually move toward neutral if the incoming…
Investing.com — Wall Street is seen trading slightly lower Wednesday ahead of the release of key inflation data, which could guide future Federal Reserve policy. 1. Key US inflation release due The US is set to release the Personal Consumption Expenditures Price index, the Federal Reserve’s preferred gauge of underlying inflation, later Wednesday. There remains…
Investing.com — Shares of EasyJet (LON:EZJ) rose on Wednesday after it reported a jump in its annual profits, driven by demand for its flights and holiday packages, alongside improvements in reducing its traditionally challenging winter losses. At 3:45 am (0845 GMT), EasyJet was trading 2.4% higher at £553.40. For the fiscal year ending September 30,…
(Reuters) – Europe’s STOXX 600 dipped at the open on Wednesday, with automobile shares yet again feeling the heat from Trump’s proposed trade tariffs, while a sharp fall in French lenders dragged down the country’s benchmark index. The pan-European STOXX 600 was down 0.2% as of 0825 GMT, after snapping a three-day winning streak on…
Investing.com — European markets opened on a weaker note Wednesday as investors weighed the potential economic fallout from President-elect Donald Trump’s proposed tariff policies. At 3:21 ET (8:21 GMT), Germany’s DAX index was down 0.3%, while France’s CAC 40 slipped 0.7% and the UK’s FTSE 100 dropped to 0.2%. Trump’s tariff plans spur inflation fears…
By Florence Tan and Siyi Liu SINGAPORE (Reuters) – Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said. Two sources familiar with Trump’s plan told Reuters…
TOKYO (Reuters) – The Bank of Japan said it reaped 1.264 trillion yen ($8.31 billion) in dividends from its holdings of exchange-traded funds (ETFs) in the April-September first half of the current fiscal year, up from 1.137 trillion yen in the year-before period. The central bank paid 392.2 billion yen worth of interest to excess…
BERLIN (Reuters) – Germany’s conservative opposition leader and possible next chancellor, Friedrich Merz, on Wednesday rejected a reform of the debt brake before elections planned for Feb. 23. The debt brake – which played a part in breaking the coalition, precipitating the calling of a snap election – limits the public deficit to 0.35% of…
BEIJING (Reuters) – Sales of foreign-branded smartphones, including Apple Inc (NASDAQ:AAPL)’s iPhone, in China fell 44.25% in October year-on-year, according to data released on Wednesday from a government-affiliated research firm. Source
