ECB’s Lagarde: inflation should stabilise at 2% target in 2025
PARIS (Reuters) – Euro zone inflation will durably reach the European Central Ban’s 2% target in the course of 2025, ECB President Christine Lagarde told a French newspaper, largely repeating her recent message. “Maybe we could have started to intervene…
What to look for at Bank of Japan’s policy meeting this week
By Leika Kihara TOKYO (Reuters) -The Bank of Japan concludes a two-day policy meeting on Thursday, days after the ruling coalition’s loss in a weekend election that has heightened political uncertainty and complicates efforts to roll back monetary stimulus. Here…
Morning Bid: From GDP data to tech earnings, a lot to chew on
A look at the day ahead in European and global markets from Rae Wee Investors will have a full calendar of major releases to digest on Wednesday, from bank and Big Tech earnings to a UK budget, along with a…
In the Market: How Harris, Trump promises could feed market’s addiction to the Fed
By Paritosh Bansal (Reuters) – The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as U.S. presidential candidates look…
Analysis-China’s looming fiscal package set to stabilise rather than boost growth
By Kevin Yao and Ziyi Tang BEIJING (Reuters) – China’s planned fiscal package targets damaged property and local government balance sheets that weigh on the economy and fuel deflationary pressures, thus acting as a stabiliser rather than the instant growth…
US economy seen shining on election eve amid robust consumer spending
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely maintained a solid pace of growth in the third quarter as subsiding inflation and strong wage gains powered consumer spending ahead of a contentious presidential election set to turn on…