IMF hikes U.S. FY outlook

IMF hikes U.S. FY outlook

The IMF hikes its U.S. forecast for 2024 but Germany weighs on the European outlook. The IMF’s Director of the Monetary and Capital Markets department, Tobias Adrian tells CNBC there are reasons for optimism. The S&P 500 suffers its first back-to-back session loss since September as investor attention turns to the dollar. Markets are now increasingly pricing in the outcome of a Trump victory in the U.S. election next month. Speaking to CNBC, IIF CEO Tim Adams believes the fight against inflation could be compromised as a result. French cosmetics giant L’Oréal misses Q3 sales targets as consumer demand in China wanes but the company pins its hopes on the market and on further stimulus from Beijing. Asian markets warmly welcome new listings Tokyo Metro – Japan’s largest in 6 years, while China Resources Beverages also gains on its debut in Hong Kong. And in banking news, Deutsche Bank notches a €2.3bn Q3 profit beat, thanks partly to the release of Postbank-related litigation provisions.

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Brent surpasses $70bbl as Iran tensions heighten

Brent surpasses $70bbl as Iran tensions heighten

Crude prices move higher with Brent now surpassing $70 a barrel after President Trump warns of potential consequences should Iran fail to reach a deal over its nuclear programme. U.S.-based private cr...

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Stoxx 600 notches new high on  ECB top job conjecture

Stoxx 600 notches new high on ECB top job conjecture

News of a potential choreographed change at the top of the ECB has pushed Europe’s Stoxx 600 to another record close. Wall Street also closed in the green even though FOMC minutes signal a rate cut pa...

19 Helmi 27min

Mistral CEO warns AI will disrupt more than half of SaaS sales

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We are live at the A.I. Impact summit in New Delhi where Mistral CEO Arthur Mensch tells CNBC that a large proportion of enterprise software could end up heavily disrupted by artificial intelligence. ...

18 Helmi 26min

A.I. fears continue to loom over Wall Street

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European equities futures point south as Wall Street is set to return to trading following the President’s Day holiday. A.I. concerns remain with the Nasdaq stuck deep in the red. Eurogroup ministers ...

17 Helmi 24min

Rubio assures trans-Atlantic ties during keynote speech at MSC

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U.S. Secretary of State Marco Rubio insists that Washington wants to reform rather than abandon the trans-Atlantic alliance. We speak exclusively to German foreign minister Johann Wadephul at the Muni...

16 Helmi 24min

 'AI Scare Trade' engulfs new sectors, geopolitics centre stage in Munich

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AI disruption fears hit equity markets once again, sending the S&P 500 and Nasdaq lower with transport, commercial real estate and software stocks all under pressure. Meanwhile, global leaders gather ...

13 Helmi 26min

NFP, global earnings in focus

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U.S. stocks give up an initial bounce as investors digest a mixed jobs report - the headline figure more than double expectations but growth for last year revised lower. German industrial giant Siemen...

12 Helmi 27min

U.S. nonfarm payroll data in focus

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