Global factory activity weakened in September as soft demand and economic uncertainty pointed to a tough outlook, surveys showed, keeping policymakers under pressure to shore up fragile growth. Manufacturing activity across the euro zone slowed at its fastest pace this year as demand waned sharply despite factories cutting prices and Germany, Europe's largest economy, recorded its most pronounced worsening of conditions for 12 months.
Wealth creation in America today defies gravity and always flows to the top.
(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many interest-rate cuts from the Federal Reserve given the US economy continues to grow.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyClimate Migrants Stand to Overwhelm World’s MegacitiesA Housing Crisis Brews in Rwanda’s Capital City“
(Bloomberg) -- Claudia Sheinbaum has spent the final weeks of her time as Mexico’s president-elect offering few specifics about how she will approach the major economic questions her predecessor is leaving behind. Markets are hoping she uses her first speech as the nation’s president to change that.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesNew Rowhouses in London That Offer a Bridge to th
(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said infrastructure is a major component to help stimulate growth in every economy and there’s enough capital in the private sector to fund investment.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyClimate Migrants Stand to Overwhelm World’s MegacitiesA Housing Crisis
European inflation figures are due on Tuesday and the risk is to the downside, which will reinforce bets that the European Central Bank cuts interest rates later in the month. Inflation is also easing in France, Italy and Spain and markets moved to fully price in an October rate cut after President Christine Lagarde said on Monday the trend will be taken into account at the next policy meeting, which is on Oct. 17. Traders have another ECB cut priced in for December and have been selling dollars on the assumption that inflation is under control globally and that U.S. rates have the furthest to fall.
Donald Trump is expected on Tuesday to pledge not only to stop U.S. businesses from offshoring jobs, but also to take other countries’ jobs and factories. Among the ideas he is planning to pitch is luring foreign companies to the U.S. by offering them access to federal land. Trump has pressed Harris on the economy and proposed using tariffs on imports and other measures to boost American industry, even as economists warn U.S. consumers would bear the costs of tariffs and other Trump proposals like staging the largest deportation operation in U.S. history.
(Bloomberg) -- Germany’s economy is likely to gather pace as several of the causes behind its recent weakness prove short-lived, according to Bundesbank President Joachim Nagel.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA Warns Against Borrowing More
(Bloomberg) -- The final day of each month has become the busiest trading session for US Treasuries, according to two Federal Reserve Bank of New York researchers.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA Warns Against Borrowing More Than $13 Bill
US home prices hit a record high in July. The pace of price increases moderated on an annual basis.