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Gold
2701.58
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Real-time News
On January 16th, Deutsche Bank economist Sanjay Raja said that after the disappointing end of the British economy in 2024, it may continue to disappoint at the beginning of 2025. According to Deutsche Bank estimates, the British economy grew by only 0.1% in November after two consecutive months of contraction, which means that the UKs overall output may have stagnated in the second half of last year. Raja said that economic activity may pick up at the beginning of the new year as household budgets improve, housing demand rises and corporate investment increases. But he said that in the sluggish economic atmosphere, high expectations may still be disappointed. He told clients in a report: "Unless market sentiment picks up, we may see the recent GDP disappointment continue into the new year."Bank of America (BAC.N) Chief Financial Officer: We dont think this will have any material adverse financial impact on the company.Bank of America (BAC.N) Chief Financial Officer: We have been working closely with the U.S. Office of the Comptroller of the Currency over the past year to enhance our customer due diligence and anti-money laundering procedures.January 16, the minutes of the European Central Banks December meeting released on Thursday showed that policymakers concluded last month that the European Central Bank needs to cut interest rates cautiously and gradually, but further easing may be possible in the future. The ECB cut interest rates for the third time in a row last month and said that it would further ease policy in view of the slowdown in inflation, but the timing and speed of the rate cuts remain to be discussed. The minutes of the ECB meeting pointed out that "given the current uncertainty, this cautious approach is still reasonable, but if the benchmark forecast for inflation in the coming months and quarters is confirmed, it is considered appropriate to gradually relax policy restrictions." With almost no economic growth at present, the ECBs focus has shifted from excessive price growth to weak economic activity, and more and more policymakers now advocate that interest rates should at least be lowered to a level that no longer hinders economic growth. The central bank will hold its next meeting on January 30, and investors have fully digested its expectations of another 25 basis point cut. The benchmark interest rate is expected to fall further to 2% by the end of 2025.Ukrainian President Zelensky: Britain will provide Ukraine with $3 billion from frozen Russian assets.
