(Reuters) – U.S. stock futures edged higher ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump’s stunning comeback as U.S. president for a second time. Traders have about fully priced in a 25-basis point rate cut, but will keep a close watch on the central bank’s policy statement for any clues on the future path of monetary easing. “Futures prices suggest it will be a much quieter day today on the US markets, albeit still with some gains,” said Russ Mould, investment director at AJ Bell. “Investors might…
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(Corrects name of analyst in second-to-last paragraph) By Greg Torode and Antoni Slodkowski HONG KONG/BEIJING (Reuters) -U.S. President-elect Donald Trump inherits a United States-China relationship reset by presidents Joe Biden and Xi Jinping over the last year to lift ties off a diplomatic nadir after COVID-19 and tension over Taiwan. Formal talks are being held on a range of critical issues, but regional diplomats and analysts say these channels key to manage tense ties could be on the chopping block with Trump in the White House. They include: DEFENCE Improved communications between the two militaries have helped check tension in…
Carbon Market Watch is campaigning alongside eight EU and national civil society organisations for the imminent Emissions Trading System for road transport and buildings and the Social Climate Fund to deliver a fair and effective decarbonisation transition. Source link
Sweden’s Riksbank cuts rates by bumper 50 basis pointsA flag outside the Riksbank headquarters in Stockholm, Sweden, on Thursday, June 27, 2024. Eric Flyg | Bloomberg | Getty ImagesSweden’s Riksbank cut interest rates by 50 basis points on Thursday and signaled further trims to come as global central banks are seen syncing their monetary policy easing.The bumper reduction — its first such move in a decade — brings the bank’s key rate to 2.75% and follows a previous 25 basis points cut in September.”If the outlook for inflation and economic activity remains unchanged, the policy rate may be cut again at…
Marsh and We2Sure, specialists in insurance and risk management for carbon credit certificates, have introduced a groundbreaking insurance facility. This initiative is designed to support organisations in the UK, EU, and US in managing the escalating risks linked to carbon credit certificate fraud.The new facility was developed in response to the growing issue of carbon credit fraud. Businesses use carbon credits to offset their carbon dioxide emissions, but the industry has become a target for fraudsters. These criminals sell fake carbon credit certificates or certificates for non-existent projects, exploiting the market’s lack of standardization and transparency.Marsh leverages its position as…
Image source: Getty Images After slumping 21.36% in a year, the BP (LSE: BP) share price needs a kick up the backside. Is incoming US President Donald Trump the man to deliver it? During the election, Trump made it clear he would green light more domestic drilling on day one of his presidency. Most observers expect him to shove net zero ambitions aside, axe funding for renewables, and drill, drill, drill for fossil fuels. Trump may be unpredictable, but I think we can bank on him doing just that. US voters love lower fuel prices. Can this FTSE 100 stock…
Investing.com — Donald Trump on Wednesday won the 47th US presidential election and secured his return to the White House. Markets had largely anticipated this outcome, with the so-called “Trump trades” being active over the past few weeks. However, according to Citi strategists, there are still some laggards that could see relative tailwinds from a Trump victory. For example, the firm identified the UK market as a potential beneficiary of a Trump presidency. Similarly, European Health Care, India, and Saudi Arabia were also recognized as markets that could capitalize on Trump’s return. On the other hand, strategists point out that…
There’s a new company galloping onto robotaxi investors’ radars. With Tesla’s (TSLA 14.75%) Robotaxi event and its third-quarter 2024 earnings presentation in the rearview mirror, investors now have some insights into the company’s plan to expand its Robotaxi service in the coming years. On the company’s recent conference call, Elon Musk said that his target for Tesla achieving commercial production of robotaxis is 2026. Those bullish on the future of self-driving taxis but who are uninterested in hitching a ride with Tesla don’t seem to have a lot of other investment options, though. That may soon be changing, however. Chinese…
By Louis van Boxel-Woolf (Reuters) -Germany’s Daimler Truck reported marginally better-than-expected third-quarter core profit on Thursday, driven by its performance in North America, even as weakness in Europe continued to weigh. Adjusted earnings before interest and taxes came in at 1.19 billion euros ($1.28 billion) for the quarter ended Sept. 30, compared to analysts’ average estimate of 1.14 billion euros in a company-compiled poll. Core profit rose 2% at its Trucks North America segment to reach 725 million euros but fell 47% at its Europe-focused Mercedes-Benz (OTC:) business to 283 million euros. Better pricing helped Daimler Truck to beat estimates,…
TOKYO (AP) — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. Chief Executive Makoto Uchida said he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming. Nissan Motor Corp. announced a global workforce reduction of 9,000 people, or about 6% of its more than 133,000 employees, as well as a plan to slash global production capacity by 20%. Uchida declined to say which regions will be affected by the…