As the third Republican presidential debate nears, Nikki Haley’s chances of becoming the party’s 2024 nominee have been improving, with betting markets tracked by RealClearPolitics putting them at 9% to 11% over the past week. That sets her just ahead of Florida Gov. Ron DeSantis for the first time this year, as…

This week, key figures from the European Central Bank (ECB) and Bundesbank are set to address important economic issues at a series of events across Europe. ECB Chief Economist Philip Lane will be speaking about the sluggish productivity growth in Europe at the Latvijas Banka Economic Conference 2023. Concurrently, Joachim…

Federal Reserve officials have not discussed what it would take to cut interest rates, Minneapolis Fed President Neel Kashkari said Tuesday. Asked in an interview on Bloomberg about “a feeling in the market” that the bar to cut interest rates was not as high now as it was previously, Kashkari…

A look at the day ahead in European and global markets from Kevin Buckland Markets are largely in a holding pattern, with investors looking to two days of commentary from Fed Chair Jay Powell starting later in the day for a steer on whether U.S. rate hikes are indeed done.…

The numbers:  An ISM barometer of U.S. business conditions at service-oriented companies such as retailers and restaurants slowed in October to five-month low of 51.8%, suggesting the economy has softened. The reading was below the 53.0% forecast of economists polled by The Wall Street Journal. The index recorded 53.6% in September…

The climate solutions sector is predicted to provide significant investment opportunities, potentially rivaling the impact of the digital revolution, according to a whitepaper by Investcorp. Published on Wednesday, the whitepaper identifies this emerging sector as a transformative opportunity for investors keen on contributing to a sustainable future. The sector’s scope…

The numbers: The U.S. added a modest 150,000 new jobs in October in a sign of a cooling demand for labor, as higher interest rates take a bite out of the economy. Economists polled by the Wall Street Journal had forecast 170,000 jobs. Employment likely would have grown by about…

Governor Pan Gongsheng of the People’s Bank of China (PBOC) recently affirmed the central bank’s commitment to provide emergency liquidity support and increase credit aid to debt-burdened local governments and property developers. The announcement was made at the Annual Conference of Financial Street Forum 2023. Throughout 2023, Chinese financial regulators…

The numbers: Banks continued to tighten standards for business loans in the third quarter, according to a survey of loan officers conducted by the Federal Reserve. In addition, a “significant” number of banks tightened lending standards for credit-card, automobile and other consumer loans. Key details: Banks tightened standards on loans…

By Steven Scheer and Marc Jones JERUSALEM (Reuters) -A month on from the Oct. 7 attack by Hamas gunmen that killed 1,400 Israelis, investors are gradually returning to country’s financial markets, warily accepting the descent into its worst security crisis in decades. Although a significant weakening of the dollar over…