Namibia central bank cuts key rate again to help growth
Namibia’s central bank cut its main interest rate for the second meeting in a row on Wednesday, saying inflation had fallen surprisingly quickly and that the economy needed more support.
October 16, 2024
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US dollar gains as US election draws nearer – UBS
A new USD-positive over the past week has been media reports of somewhat better outlook for Donald Trump in the latest polls, as outcomes that allow for policies such as more aggressive tariffs are viewed as more USD positive.
Oil steadies after fall as Middle East uncertainty persists
Oil steadied on Wednesday, supported by OPEC+ cuts and uncertainty over what may happen next in the Middle East conflict, although an outlook for ample supply next year added downward pressure.
Bitcoin price today: up to $67k on regulatory hopes, improved capital flows
The world’s biggest cryptocurrency appeared to have broken out of a $50,000 to $65,000 trading range seen through most of the year, and was now about $7000 away from making new record highs.
European stocks: What to expect from Q3 earnings season
Morgan Stanley highlights that Tech Hardware, Telecom, and Food Retail are likely to outperform due to low accruals, which the analysts note is “a leading indicator of future earnings.”