one world currency coming soon- Top Overview

2024-12-14 11:31:47

British Prime Minister's Spokesperson: The leaders of the Group of Seven agreed that the territorial integrity, independence and sovereignty of Syria must be respected.Porsche: It is confirmed that as of December 31, 2024, the net debt forecast is 5 billion to 5.5 billion euros.The European Bank for Reconstruction and Development has provided Ukraine with over 5.4 billion euros in financing. The European Bank for Reconstruction and Development issued a statement saying that it will provide Ukraine with 267 million euros in funds for emergency repair of Ukraine's highways leading to the border between Hungary and Slovakia. It is reported that since the conflict between Russia and Ukraine, the European Bank for Reconstruction and Development has provided Ukraine with more than 5.4 billion euros in financing.


Market News: Belarusian President Lukashenko approved the budget of Belarus in 2025.Economists predict that the Fed will only cut interest rates three times next year. Economists surveyed by Bloomberg expect that the Fed will cut interest rates for the third time in a row this month, and lower the expected number of interest rate cuts next year. The market expects Federal Reserve Chairman Powell and his colleagues to cut interest rates by 25 basis points next week. If the expectation is true, it means that interest rates have been lowered by 1 percentage point since September. Next year's interest rate cut will slow down faster than officials expected three months ago. Most economists predict that interest rates will be cut only three times in 2025 because of the small progress in fighting inflation.The Brazilian real fell by 1% against the US dollar, the worst among emerging market currencies.


Dennis Shen, an economist at Scope Ratings: The reasons for the Fed to cut interest rates further after December are obviously reduced. Inflation is still sticky, the economic and financial markets are overheated, and the slight increase in unemployment rate earlier this year has been reversed. The Trump administration may bring more inflation risks in the short term.The total number of wells drilled in the week of December 13th in the United States was 589, with the previous value of 589.U.S. stocks continued to fall, with the Dow Jones index dropping 104.99 points, or 0.24%. The Nasdaq Composite Index recently fell 59.41 points, or 0.3%. The S&P 500 index recently fell 13.86 points, or 0.23%.

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