Economic Calendar for the Week 09.12.2024 – 15.12.2024
The US dollar continues to lead the market, bolstered by its reputation as a safe-haven asset. This was particularly evident early last week following Trump’s comments regarding potential consequences for…
Euro to stay weak, but avoid parity to USD for now: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – A retreating euro will remain weak in the near term, trapped between political ructions building in France and expected new U.S. tariffs early next…
California suspends Raw Farm’s raw milk products after bird flu detection
By Leah Douglas and Lisa Baertlein (Reuters) – California has paused distribution of raw milk products from the company Raw Farm after retail testing of two samples of its products…
Cargill begins job cuts in drive to reduce headcount by 5%
By Tom Polansek CHICAGO (Reuters) -Global commodities trader Cargill began laying off employees across its vast operations on Tuesday in a drive to slash headcount by 5%, sending U.S. workers…
Euro gains as crisis comes to a head; South Korean won cuts losses as martial law lifted
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea’s president…
Korean won, ETFs trim losses after SKorea’s Yoon says will lift martial law
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The South Korean won came off a more than two-year low against the dollar on Tuesday, while exchange traded funds linked to South Korean…
Gold prices inch higher as dollar cools ahead of Powell speech
Investing.com– Gold prices inched higher on Tuesday, as the dollar took a breather amid ongoing signs from Fed members that a December rate cut remains on the table. Spot gold…
Revolut CEO Explains Why London Can’t Compete with Wall Street
Revolut, one of Europe’s most significant fintech firms, might skip a London IPO in favor of New York if the CEO’s the CEO’s comments are anything to go by. Nikolay…
Texas extreme winter cold could challenge power grid in early 2025
NEW YORK (Reuters) – This winter is forecast to bring sudden bouts of extreme cold to Texas that could test the state’s electric grid in early 2025, the grid operator’s…
Oil rises on fears about Lebanon, further OPEC+ supply cuts
By Robert Harvey LONDON (Reuters) -Oil prices rose more than 1.5% on Tuesday as investors await an OPEC+ meeting expected to rubber stamp continued output cuts while a fragile ceasefire…
