Bank capital levels, deregulation plans at stake in election outcome
The 2024 US elections will be a powerful force for financial regulation, and an array of firms have issues at stake.
Harris victory may mean more bank regulation; Trump could target ACA, green tax credits
The 2024 US election will be a pivotal catalyst for markets and companies in terms of legislation, regulations, enforcement and other government actions.
Inflation Reduction Act’s incentives for EVs and clean energy in play
EV makers face increased risk from the 2024 presidential race, with IRA tax credits to promote the purchase of EVs, as well as emissions policies aimed at phasing in their use across the nation, likely on the line.
German Economy Expected to Contract by 0.2 this Year, Econ Ministry
BERLIN, Oct 7 Reuters The German economy is expected to contract by 0.2 in 2024, an economy ministry spokesperson said on Monday, confirming an earlier report in the Sueddeutsche Zeitung newspaper. The government is cutting its forecast to an inflationadjusted contraction from a previous projection of 0.3 growth this year. This will be the second […]
Most Brokerages Expect 25 bps of Fed Rate Cuts in November
Oct 7 Reuters J.P.Morgan and BofA Global Research have joined a growing rank of major brokerages that expect the U.S. Federal Reserve to reduce interest rates by 25 basis points in November. BofA and J.P.Morgan have reduced their estimate to 25 bps from 50 bps after the blowout U.S. nonfarm payrolls data on Friday pointed to a […]
Copper Demand for Electric Vehicles is Intact, Trader IXM
London, Oct 7 Reuters The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving, commodity trader IXM39;s head of refined metal said. Sales of electric vehicles have slowed for reasons including […]
Norway to Raise Wealth Fund Spending to 43 bln in 2025
OSLO, Oct 7 Reuters Norway39;s minority government said on Monday it plans to raise spending in 2025 from the country39;s 1.8 trillion sovereign wealth fund to pay for public expenses, with elections for parliament due in September of next year. The government of Labour and the Centre Party proposed withdrawing 460.1 billion Norwegian crowns 43.1 […]
UK Annual House Prices Jump by most since Nov 2022, Halifax
LONDON, Oct 7 Reuters British house prices rose in September at the fastest annual pace since November 2022, according to data from mortgage lender Halifax, as expectations of further reductions in borrowing costs added to momentum in the property sector. Halifax figures on Monday showed annual property prices increased by 4.7. That was up from […]
Euro Zone Investor Morale Rises in Oct on Brighter Expectations
BERLIN, Oct 7 Reuters Investor morale in the euro zone unexpectedly rose in October after three consecutive months of decline, boosted by rising expectations even as dissatisfaction with the current situation hit a new low this year, a survey showed on Monday. The Sentix index for the euro zone rose to 13.8 in October from […]
BOJ Highlights Broadening Wage, Price Gains, Warns of Risks
BOJ raises economic view for 2 of Japan39;s 9 regions Wage hikes among younger generation underpinning consumption Many firms see need to keep hiking wages next year report Firms in western Japan see excessive yen falls as problematic Western Japan firms bracing for China slowdown to persist TOKYO, Oct 7 Reuters The Bank of Japan […]