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2024-12-13 23:53:03

Institution: Sweden's weak economic data highlights the need to further loosen monetary policy. Torbjorn Isaksson, chief analyst of Nordic United Bank, said that the weak economic data in October highlighted the fragility of Sweden's recovery and needed to further loosen monetary policy to support growth. He said that the decline occurred after the sharp decline in September, indicating that the fourth quarter started very weakly. Isaksson said that household consumption fell by 0.3% in the month, which was disappointing and would be a concern of the Swedish central bank. At the same time, the production of the commercial sector decreased by 0.8% in that month, the production of the construction sector increased, and the manufacturing orders remained basically unchanged. "Overall, the October data is weaker than we expected."Consumer prices in Ukraine rose by 11.2% year-on-year in November, with an estimated increase of 10.4%; In November, consumer prices rose by 1.9% month-on-month, and it is estimated to rise by 1.5%.Reuters survey: 56 out of 97 economists said that the Federal Reserve will cut the federal funds rate to 3.50%-3.75% or lower by the end of 2025 (70 out of 99 economists in November).


Spot gold hit $2,680 per ounce for the first time since November 25th, rising by 0.74% in the day.European Central Bank: Foreign exchange reserves increased by 500 million euros to 327.4 billion euros.Israeli Defense Minister: The Israeli navy destroyed the Syrian navy at night.


Finance Minister of Canada: It is expected that the government will reach the debt-to-GDP ratio predicted in the budget, and the economic report in autumn will show that the government is meeting its financial targets.EUR/GBP fell 0.3% to 0.8249, the lowest point since March 2022.Israeli Defense Minister: The Israeli navy destroyed the Syrian navy at night.

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