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Canada Wants G-7 Talks on Metals Pricing to Counter China’s Sway
Canada wants its allies to explore a pricing floor for critical minerals to address what it views as market interference from China, the dominant supplier of metals key to the energy transition. Canada has been thinking about supporting investment through measures such as pricing floors to address alleged market manipulation, the country’s Natural Resources Minister Jonathan Wilkinson said Wednesday at an event in Washington. Such measures should factor in an accounting of environmental and labor standards associated with production, he said. “We in Canada and in the United States are not going to go into a ... (full story)
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- From lbma.org.uk|Jan 16, 2025
In terms of economics, there was, at least until midsummer, the ongoing threat of global inflation and potential recession, concerns that ameliorated as the US Federal Reserve, in ...
- From ecb.europa.eu|Jan 16, 2025
Ms Schnabel noted that, since the Governing Council’s previous monetary policy meeting on 16-17 October 2024, the narrative in financial markets had shifted as a result of rising trade and economic policy uncertainty. Investors had increasingly focused on the divergence in growth prospects between the euro area and the United States. This had manifested itself in a divergence of bond yield and equity price developments between the euro area and the United States, as well as a pronounced weakening of the euro against the US dollar. While the euro area near-term inflation outlook embedded in market pricing had shifted upwards, inflation compensation had declined over longer horizons. This had led investors to expect a frontloading of ECB rate cuts and a lower terminal rate. Owing to these expectations regarding the rate-cutting cycle, combined with the weakening of the euro exchange rate against the US dollar and still benign risk asset price constellations, financial conditions had loosened further. post: ECB ACCOUNTS: REGARDING THE INFLATION OUTLOOK, MEMBERS WERE INCREASINGLY CONFIDENT THAT INFLATION WOULD RETURN TO TARGET IN THE FIRST HALF OF 2025. post: ECB ACCOUNTS: IF THE BASELINE PROJECTION FOR INFLATION WAS CONFIRMED OVER THE NEXT FEW MONTHS AND QUARTERS, A GRADUAL DIALLING-BACK OF POLICY RESTRICTIVENESS WAS SEEN AS APPROPRIATE. post: ECB ACCOUNTS: MORE CHECK POINTS HAD TO BE PASSED TO ASCERTAIN WHETHER DISINFLATION REMAINED ON TRACK AND KEPT OPEN THE OPTIONALITY TO MAKE ADJUSTMENTS ALONG THE WAY. post: ECB ACCOUNTS: SOME MEMBERS NOTED THAT A CASE COULD BE MADE FOR A 50 BPS RATE CUT AT THE CURRENT MEETING AND WOULD HAVE FAVOURED MORE CONSIDERATION BEING GIVEN TO THE POSSIBILITY OF SUCH A LARGER CUT.
- From cnbc.com|Jan 16, 2025
Hindenburg Research, an upstart research and investment firm that made a name for itself with several successful short bets, is closing, founder Nate Anderson announced Wednesday. ...
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- From dol.gov|Jan 16, 2025
In the week ending January 11, the advance figure for seasonally adjusted initial claims was 217,000, an increase of 14,000 from the previous week's revised level. The previous ...
- From bls.gov|Jan 16, 2025
U.S. import prices advanced 0.1 percent in December following a 0.1-percent increase in each of the previous 2 months, the U.S. Bureau of Labor Statistics reported today. Higher ...
- From philadelphiafed.org|Jan 16, 2025
Manufacturing activity in the region increased overall, according to the firms responding to the January Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments rose sharply and reached multiyear highs. The employment index moved higher and continues to suggest increasing levels of employment overall. The price indexes indicate overall increases in prices, and both indexes rose above their long-run averages. The survey’s broad indicators for future activity rose, suggesting more widespread expectations for overall growth over the next six months. The diffusion index for current general activity jumped from a revised reading of -10.9 in December to 44.3 in January, its highest reading since April 2021 (see Chart 1).* This is the index’s largest monthly increase since June 2020. Nearly 51 percent of the firms reported increases (up from 19 percent last month), far exceeding the 7 percent rep post: Philly Fed Mft Index 44.3, best since April 2021 pic.twitter.com/zQXsQRrdEw
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- Posted: Jan 16, 2025 8:21am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 78