Economic events
Yellen warns incoming Trump team against interfering with bank supervision
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks’ capital levels, liquidity and risk-taking. […]
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European markets slip as investors react to economic data; French stocks edge higher as new prime minister named
French government bond yields creep upward as Bayrou named prime minister Journalists work outside the Élysée Palace after French president Macron named centrist Francois Bayrou as Prime Minister in Paris on Dec. 13, 2026. Bertrand Guay | Afp | Getty Images Yields on French government bonds ticked higher on Friday, after the country’s President Emmanuel […]
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CNBC Daily Open: Inflation’s hot, but so are markets this year
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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Asia markets fall as investors assess China’s stimulus vows after high-level economic meeting
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets fell Friday, mirroring moves on Wall Street that was weighed down by a hotter-than-expected producer price inflation reading. The producer price index, which measures wholesale inflation, climbed 0.4% for November, higher […]
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CNBC’s Inside India newsletter: India’s central bank has a new governor. Three experts reveal what they’d do in his shoes
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images This report is from […]
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Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would […]
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European markets slightly higher ahead of expected rate cut from the European Central Bank
European markets moved higher at the start of the session, as regional investors await this year’s final monetary policy decision from the European Central Bank (ECB). The pan-European Stoxx 600 index was up 0.08% by 9:00 a.m. London time, with all major bourses and most sectors trading in the green. Oil and gas stocks added 0.92%, while media […]
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Asia markets open higher after Nasdaq hits record high on tame inflation data; Aussie jobless rate drops
Australia Matteo Colombo | Digitalvision | Getty Images Asia-Pacific opened higher Wednesday, following gains on Wall Street that saw the Nasdaq Composite surge to record highs after November’s inflation report met expectations. Traders in Asia assessed jobs data from Australia, which showed the country’s unemployment rate dropped to 3.9% in November from 4.1% the month prior. A […]
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Indian outbound travel will be ‘the story’ of the next decade, says Hilton executive
Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is “minuscule” compared with what’s to come, Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” Monday. “The story for India is before us,” he said. “India outbound will be […]
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Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — There’s a “renewed optimism” among U.S. car dealers heading into 2025, fueled by President-elect Donald Trump’s return to the White House as well as positive […]
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