On October 3, 2024, the Federal Reserve building in Washington was the backdrop for the latest developments in US economic indicators. This report is part of CNBC’s Daily Open, designed to inform investors around the world about major market updates. To stay informed you can sign up to the newsletter. Highlights American inflation trend upwardsIn…
European markets fell on Friday, with trading characterized by volatility as investors processed new economic indicators and the implications of potential interest rate cuts following remarks by US Federal Reserve Chair Jerome Powell. By mid-morning, the pan-European Stoxx 600 index was down 0.43%, reflecting mixed performance across major stock exchanges and diversified sector results. Technology…
Former French President François Hollande underlined the need for Europe to maintain unity in the face of growing US protectionism, especially regarding security and trade issues. His comments came shortly after Donald Trump’s election victory, which raised concerns about potential economic challenges for the European Union, particularly his threat to impose a 10% tariff on…
Former Federal Reserve policymaker Loretta Mester has indicated that the US Federal Reserve may implement fewer interest rate cuts than previously expected next year, particularly if President-elect Donald Trump’s proposed global tariffs are implemented. Speaking at UBS’s annual European conference in London, Mester stressed that the Fed’s monetary policy will be significantly influenced by the…
On 2 October 2024, Kemi Badenoch was elected as the new leader of the British Conservative Party, marking a significant change in the party’s direction after a major election defeat. Badenoch, who previously served under former Prime Minister Rishi Sunak, successfully defeated Robert Jenrick, receiving 53,806 votes to Jenrick’s 41,388 in a contest characterized by…
