News

ECB Governing Council member Cazacs: A wider budget gap could complicate monetary policy.

European Central Bank Governing Council member Cazacs: Core areas, especially the service industry, need to be paid close attention to.

ECB Governing Council member Cazacs: Price expectations are generally stable and well under control.

European Central Bank Governing Council member Cazacs: Inflation is close to the target, but momentum has picked up recently.

The quarterly rate of the U.S. labor cost index in the third quarter was 0.8%, expected to be 0.90%, and the previous value was 0.90%.

The U.S. labor employment benefit rate in the third quarter was 0.8%, compared with the previous value of 0.7%.

The U.S. labor employment wage rate in the third quarter was 0.8%, compared with 1% in the previous quarter.

Strantis CEO: EU countries want to stay sane when it comes to car scrutiny.

The U.S. labor cost index quarterly rate for the third quarter will be released in ten minutes.

German Chancellor Mertz: The next time I see US President Trump, I will tell him that we have achieved success in immigration policy.

Reuters survey: The euro area economy is expected to grow by 1.4% in 2025, 1.1% in 2026, and 1.4% in 2027 (same as the November survey).

Reuters survey: 96 economists unanimously believe that the European Central Bank will keep the deposit rate unchanged at 2.00% in December.

Reuters survey: 68 out of 91 analysts surveyed believe that the European Central Bank will keep the deposit rate unchanged at 2.00% throughout 2026 (46 out of 71 in the November survey).

European leaders including French President Emmanuel Macron and British Prime Minister Starmer will meet in Berlin next Monday to discuss a peace plan for Ukraine, two EU diplomats said.

[Institutional Outlook: The probability of the Bank of Canada cutting interest rates tonight is almost zero]1. Capital Economics: The Bank of Canada is expected to keep interest rates unchanged. Given that the unemployment rate has dropped to 6.5%, which is far lower than market expectations, the central bank may not easily relax monetary policy in the near future. 2. Citigroup: The Bank of Canada is expected to keep interest rates unchanged. Interest rates and policy guidance are expected to remain unchanged in the short term. It will not be until 2026 that there will be a catalyst to increase the pricing of interest rate cuts. 3. ING: The Bank of Canada is expected to keep interest rates unchanged. It is too early to consider raising interest rates in 2026. The Canadian dollar may fall today because the central bank is less hawkish than expected. 4. Royal Bank of Canada: The Bank of Canada is expected to keep interest rates unchanged because data so far show that the economic situation is slightly better than the Bank of Canada expected, and may even be better. 5. Scotiabank: The Bank of Canada is expected to keep interest rates unchanged. There will be no policy changes at this meeting, and there will be no changes in the next few meetings. 6. Mortgage lender Ratehub.ca: The Bank of Canada is expected to keep interest rates unchanged. Given the strong rebound in GDP in the third quarter, the central bank now has little reason to increase stimulus.

German Chancellor Mertz: Further coordination talks on the Ukrainian peace process will be planned in the next few days.

The defense ministers of Germany, France and Spain will meet on Friday.

British Prime Minister's Press Secretary: US President Trump's comments about London Mayor Sadiq Khan were wrong.

Germany and Croatia signed a memorandum on purchasing Leopard 2A8 tanks.

The Hungarian Finance Ministry said that in the event of a crisis, Hungary would rely on U.S. swap lines. Hungary believes that a scenario requiring crisis assistance from the United States is unlikely.