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 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.”
Turkish economy to cool more than government expects
Turkey’s economy will grow 3% this year and next, lower than the government’s recently updated forecasts, a Reuters poll of economists showed on Monday, pointing to a much deeper slowdown as authorities seek to douse rampant inflation.
Dollar slips from highs; euro under pressure after weak inflation data
The US currency has been in demand in recent weeks as employment and inflation readings spurred bets on a slower pace of rate cuts by the Fed, after the central bank cut rates by a hefty 50 basis points in September and announced the start of an easing cycle.
Oil falls as demand outlook weakens, Iran supply disruption concerns ease
Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption.
Bitcoin price today: upbeat at $65k on Harris pledge, Mt Gox cheer
Bitcoin’s price rose on Tuesday after Democratic presidential candidate Kamala Harris pledged to support a regulatory framework for crypto, while the prospect of delayed distributions by Mt Gox also buoyed sentiment.
Indonesia stocks higher at close of trade; IDX Composite Index up 0.68%
Crude oil for November delivery was down 4.25% or 3.14 to $70.69 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 4.14% or 3.21 to hit $74.25 a barrel, while the December Gold Futures contract rose 0.22% or 5.90 to trade at $2,671.50 a troy ounce.