December 10, 2024
United States:
US Small-Business Optimism Soars to Three-Year-High After Trump Win
US small-business optimism surged in November to a more than three-year high in anticipation of more favourable economic policies after Donald Trump sealed his return to the White House.
The National Federation of Independent Business optimism index jumped 8 points, the most on record, to 101.7 — the highest reading since June 2021.
Europe:
ECB Officials to Lock Horns Over How Much Cuts Can Boost Economy
European Central Bank officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can help is hotly contested.
Some policymakers urge rapid cuts to encourage consumers to spend and businesses to invest. Others are more cautious, deeming challenges including high energy costs and a dearth of skilled workers to be beyond the remit of monetary policy.
Asia:
China Economists Ramp Up Expectations for Rate Cuts, Spending
China may raise its budget deficit to the highest in three decades and make the deepest interest-rate cuts since 2015 following the boldest stimulus signals from its top leaders in years, according to economists.
At least seven Chinese brokerages forecast that next year’s fiscal deficit target could reach 4% of gross domestic product, the widest since a major tax reform in 1994.
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