#dWP-VW.THINKTANK I NEWS.BLOG

Traders pared back their expectations for an interest-rate cut in December and policy-sensitive US yields jumped after Federal Reserve Chair Jerome Powell said economic resilience gives officials room to ease more carefully.

Global stocks fell after Jerome Powell signaled the Federal Reserve was in no rush to cut interest rates, and unease built over the composition of President-elect Donald Trump’s cabinet.

Republican Donald Trump’s election win quickly pushed up US stocks, the dollar and Bitcoin — reshaping the outlook for investments as he prepares to return to the presidency in January. The “Trump trade” is set to hang over markets, with his disruptive policy agenda of tariffs, tax cuts and deregulation driving big moves across the global investment landscape. The era could get even more volatile with Trump looking to break norms on everything from free trade to Federal Reserve independence.

What had been a steady decline is definitely stuck, and it’s feeding through into higher expectations for interest rates next year.

China's state-owned CHN Energy has begun power generation at a 1 gigawatt (GW) offshore floating solar park, according to a statement on the company's website on Wednesday.

Catch up: Senate backlash at Gaetz’s nomination; Israel strikes Syria

Russians are facing a surge in food prices, creating a headache for President Vladimir Putin as he tries to balance the Kremlin’s military ambitions with a need for domestic stability.

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.

Europe’s stock market is lagging behind the US by the most in nearly 30 years — a trend that’s likely to worsen as the election of Donald Trump drives a global preference for US assets.

Europe is making a last-ditch appeal to the outgoing Biden administration to boost American support for Ukraine in order to solidify Kyiv’s position as much as possible before the presidential term ends in January.

The European Investment Bank is set to pledge €500 million in counter-guarantees to clean-tech companies to help them compete with global rivals.

ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on an artificial intelligence-driven boom in semiconductor demand.

Economies in Poland and Romania stumbled as weak consumer demand was compounded by stagnation in Germany, adding to a picture of struggling growth across the European Union’s east.

The Brazilian president is looking to Beijing to help his country’s economic development. It’s a strategy that risks a run-in with Trump.

China’s economy likely gained momentum last month, with early indicators pointing to a rebound after the government began rolling out stimulus measures in late September.

He and Marco Rubio should tread strategically in Latin America, not just brandish a big stick, if they want to keep the region from getting closer to China.

Emmanuel Macron warned that Europe risks getting divided by Donald Trump’s economic policy and being thrown into a simultaneous trade war with Washington and Beijing.

Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to lower interest rates, highlighting the difficulty policymakers face in trying to determine the right setting to keep the economy on an even keel.

China, which recently unveiled plans to support its ailing economy, got more than $40 billion of bids for its first dollar bond issuance since 2021.

US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.

Die schlechten Nachrichten aus der Wirtschaft reißen nicht ab: Zu den deutlich nach unten revidierten Prognosen der Ökonomen von WIFO und IHS reihen sich miserable Bilanzen heimischer Konzerne. Am Mittwoch vermeldete der einstmals verstaatlichte Stahlkonzern voestalpine zum Halbjahr einen Einbruch beim Ergebnis nach Steuern um 43 Prozent. Und der Motorradhersteller KTM kündigte einen millionenschweren Finanzbedarf samt Personalabbau an.

Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models.

Donald Trump’s election win is leading some forecasters to question if the European Central Bank will need to return borrowing costs toward highly stimulative levels as his threat of trade tariffs materializes.

A second Trump administration looks like a disaster for the region. It might also—finally—shake the continent out of its torpor.

Catch up: Musk given cabinet role; American aid to Israel to continue

Good morning. Donald Trump names key roles for his second presidential term. An ECB governing council member suggests gradual monetary easing. And Rolex Submariner watches globally near $50 billion in market value. Listen to the day’s top stories.

The European Central Bank should go on cutting interest rates gradually, according to Governing Council member Martins Kazaks.

China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter.