News
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POLL-ECB to stay on hold through end of 2026 on expected stable economic outlook
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBD%3DECI ECB interest rate forecastsreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUGDPQAP GDP forecastsBy Hari Kishan and Pranoy Krishna BENGALURU, Dec 10 (Reuters) - The European Central Bank will le...Reuters
Wed, Dec 10
Germany's VCI expects chemical industry to stagnate in 2026
By Ozan Ergenay and Anastasiia Kozlova Dec 10 (Reuters) - German chemicals lobby group VCI expects orders and sales to stagnate next year, hampered by uncompetitive production costs, high regulatory uncertainty and a slow approval process.The association, which represents around 2,300 companies,...Reuters
Wed, Dec 10
IMF urges China to take the 'brave choice': curb exports, boost consumption
IMF raises China 2025, 2026 growth forecast to 5%, 4.5%Presses world's No.2 economy to speed up structural reformsPushes policymakers to solve local govt debt, property crisesShift from export-led to consumption-driven model key, IMF MDBy Joe Cash BEIJING, Dec 10 (Reuters) - The International...Reuters
Wed, Dec 10
ECB’s Lagarde: Monetary policy remains in good shape
European Central Bank (ECB) President Christine Lagarde said in an interview at the Financial Times (FT) Global Boardroom Conference in London during the European trading session on Wednesday that the current monetary policy is in good shape and the central bank will might revise growth projections
Fxstreet
Wed, Dec 10
Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold
Economists expect BoC to hold rates steady until 2027Money market bets inclined towards rate hike in Q4Canada's economy shows resilience despite US tariffsUnemployment rate falls to 16-month low of 6.5%By Promit Mukherjee OTTAWA, Dec 10 (Reuters) - The Bank of Canada is almost certain to hold...Reuters
Wed, Dec 10
USD: China November CPI matches expectations at 0.7% – BBH
China’s November CPI rose to 0.7% y/y, matching consensus, while core inflation held at 1.2% and PPI stayed in deflationary territory, keeping domestic demand weak and supporting the ongoing USD/CNH downtrend, BBH FX analysts report.
Fxstreet
Wed, Dec 10
USD/CNH: Likely to trade with a downward bias – UOB Group
US Dollar (USD) is likely to trade with a downward bias, but is unlikely to break below 7.0540. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Dec 10
Greek industrial output rises 6.4% y/y in October
Dec 10 (Reuters) - Greek industrial output rose by 6.4% year-on-year in October, after an upwardly revised 7.3% increase in September, data from statistics service ELSTAT showed on Wednesday.A breakdown of index components showed manufacturing production rose 4.2% from the same month in 2024. Electr...Reuters
Wed, Dec 10
Another Chinese rare earth producer gets streamlined licence for magnet exports
BEIJING, Dec 10 (Reuters) - Chinese rare earth producer Ningbo Jintian Copper 601609.SS said on Wednesday it had secured streamlined licences for magnet product exports.The new "general licences" are designed to allow more exports under year-long permits for individual customers following an...Reuters
Wed, Dec 10
EUR/USD pressured by rising US rates, eyes 1.1585/90 support – ING
EUR/USD edged lower this week amid rising US rates and FOMC risk, with near-term support at 1.1585/90, while eurozone fiscal and geopolitical developments—including French budget hurdles and potential use of frozen Russian assets for Ukraine—remain in focus but are unlikely to undermine the euro’s sFxstreet
Wed, Dec 10
Germany's VCI forecasts a 'difficult path', chemical industry stagnating in 2026
By Ozan Ergenay and Anastasiia KozlovaDec 10 (Reuters) - German chemicals lobby VCI expects the industry's orders and sales to stagnate in 2026, due to uncompetitive production costs, high regulatory uncertainty and slow approval process. The association, which represents around 1,900 compan...Reuters
Wed, Dec 10
CAD: BoC expected to hold rates at 2.25% amid global hawkish shift – ING
The Bank of Canada (BoC) is widely expected to keep its policy rate steady at 2.25% today, as cautious policymakers weigh global uncertainties, USMCA renegotiation in 2026, and part-time driven job gains, leaving the CAD vulnerable to near-term weakness, ING's FX analyst Chris Turner notes.
Fxstreet
Wed, Dec 10
