2024-12-14 00:32:42
Royal Bank of Canada: The European Central Bank may move towards negative real interest rate. Royal Bank of Canada BlueBay Asset Management said that the European Central Bank may cut the interest rate below 2% next year, which the agency estimated to be a short-term neutral interest rate. Kaspar Hense, senior portfolio manager of the institution, said in a report that the core inflation rate is expected to be around 2.5% in the first half of 2025, which means that the real interest rate will be negative. He said that under the influence of unfavorable factors such as trade, continuous competitive pressure from other countries and financial problems, this should play a moderate supporting role in the economy.European Central Bank President Lagarde: Since July 2023, the flexibility of the Emergency Anti-epidemic Bond Purchase Program (PEPP) has not been used, and the transmission protection tool (TPI) has not been discussed.Private exporters reported that they sold 334,000 tons of soybeans to unknown destinations, and the United States Department of Agriculture (USDA) released data. Private exporters reported that they sold 334,000 tons of soybeans to unknown destinations and delivered them in 2024/2025. The annual soybean market in the United States began on September 1st.
Spot gold fell 1% to $2,690.81. COMEX silver futures fell 1.5% in the day to $32.47 per ounce.WTI crude oil futures fell below $70/barrel, down 0.43% in the day; Brent crude oil fell 0.43% in the day to $73.05/barrel.Government statement: British Prime Minister Stamer will attend the informal meeting of EU leaders in Brussels on February 3rd.
US President-elect Trump: We will reduce the corporate tax to 15%.European Central Bank President Lagarde: Labor cost growth will slow down.Germany's current account surplus in October was 12.497 billion euros.