Economic events
France’s political chaos drives borrowing costs to the same level as Greece’s for the first time
People walk along the Chatelet Les Halles area of Paris during the snowfall of Storm Caetano. Sopa Images | Lightrocket | Getty Images France’s brewing political crisis is spilling into financial markets with the country’s borrowing costs hitting the same level as debt-ridden Greece’s for the first time on record Thursday. The spread — the […]
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Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
Aerial view of the Moscow Kremlin landmarks: St. Basil’s Cathedral, Kremlin, Spasskaya Tower and Red Square Sergey Alimov | Moment | Getty Images Russian authorities are trying to stem panic over the ruble’s sharp fall this week, with the central bank forced to intervene on Wednesday to support the currency. The ruble weakened to 114 […]
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CNBC Daily Open: U.S. inflation edged up but investors have things to be thankful for
Whole turkeys for the upcoming Thanksgiving Holiday are shown for sale in a grocery store in Encinitas, California, U.S., November, 24, 2024. Mike Blake | Reuters 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 where […]
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CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
Stuffing mix for sale for the Thanksgiving holiday in a grocery store in Encinitas, California, on Nov. 24, 2024. Mike Blake | Reuters 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 where they are. Like […]
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Asia markets open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets opened mixed on Thursday after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, […]
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France’s far right propped up the weak government. It could now bring it crashing down
Member of French far-right party Rassemblement National (RN) Marine Le Pen walks at the Paris courthouse amid her trial on suspicion of embezzlement of European public funds, in Paris, on November 27, 2024. Alain Jocard | Afp | Getty Images France’s government is hanging by a thread with the far-right National Rally party threatening to […]
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‘Europe’s Detroit’ built a thriving car industry. Trump tariffs now threaten to unravel its success
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump’s “America First” economic agenda. Nicknamed the “Detroit of Europe” due to […]
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Asia markets to open mixed even as Wall Street notches fresh records
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty Images Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. […]
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Europe markets open lower as global rally stutters; investors digest Trump tariff implications
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a […]
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Republicans gear up for the coming battle over $5 trillion tax cut’s costs
As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to […]
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