• Nov 28, 2024

Turkey Economy Slides Into Recession Ahead of Rates Decision

(Bloomberg) -- Turkey entered a technical recession in the third quarter as industrial production plunged, providing more evidence to the central bank as it ponders whether to start cutting interest rates next month.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe $1.3 trillion economy shrank by 0.2% quarter-on-quarter, the second consecutive decl

  • Nov 28, 2024

Indonesian Stocks Enter Correction on Slowing Economic Growth

(Bloomberg) -- Indonesia’s benchmark stock index fell 10% from its year’s high, entering a technical correction brought on by slowing economic growth and regional uncertainties after Donald Trump’s win in the US election. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe Jakarta Composite Index closed 1.2% to its lowest since Aug. 5, with PT Bank M

  • Nov 28, 2024

French Inflation Up Less Than Expected on Weaker Economy

(Bloomberg) -- French inflation quickened less than expected as confidence wanes, remaining well below the European Central Bank’s 2% target and supporting the case for interest rates to be lowered further.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasConsumer prices in the euro zone’s second-largest economy rose 1.7% from a year ago in November, s

  • Nov 28, 2024

World markets head for reality check after month of Trump

November was a month of clear winners and losers from Donald Trump's Nov. 5 U.S. election victory. Trump trades, essentially punishing tariff-sensitive assets from European exporters to Mexico's peso and driving investment towards U.S. stocks and the dollar, proved successful. Wall Street has rallied, the dollar gained 2% against rival major currencies and bitcoin surged.