EUR/USD
1.17740
0.118%
Gold
4460.45
0.387%
Oil
58.006
0.183%
USD/JPY
156.388
-0.406%
GBP/USD
1.34800
0.134%
GBP/JPY
210.759
-0.291%
Real-time News
The Atlanta Feds GDPNow model initially projects that real GDP (seasonally adjusted annualized growth rate) will be 3.0% in the fourth quarter of 2025. The U.S. Bureau of Economic Analysis reported a preliminary third-quarter real GDP growth of 4.3%, 0.8 percentage points higher than the final GDPNow model forecast.On December 24, the General Staff of the Armed Forces of Ukraine issued a statement on the 23rd, local time, stating that Ukrainian troops had withdrawn from the settlement of Seversko. The statement said that fierce fighting was still ongoing in the Seversko region, with Russian troops holding a significant advantage in manpower and equipment, and continuing their offensive despite suffering heavy losses. The Ukrainian side stated that in the fighting in Seversko, Ukrainian forces had inflicted heavy losses on Russian forces, and that Russia had paid a high price for its advance. The statement also said that Ukrainian forces continued combat operations in the Sloviansko direction and were taking various measures to weaken the Russian offensive capabilities.On December 24th, the French National Assembly passed a temporary budget bill for 2026 to ensure the country continues operating into January, as lawmakers failed to reach an agreement on a complete fiscal plan. This so-called "special budget law" (also used at the end of last year) allows the government to continue taxing and borrowing in the absence of a full budget. The bill essentially extends the 2025 fiscal plan into the new year and is expected to be approved by the Senate later this Tuesday. The French government warned last week that the currently agreed-upon fiscal bill would only reduce the deficit as a percentage of economic output to 5.3% in 2026, a slight decrease from this years 5.4%. Le Kohns initial plan set a deficit target of 4.7%, but he later indicated that the deficit ratio should be kept below 5%.Fitch Ratings: European mid-sized utility companies will maintain solid operating cash flow.U.S. Treasury Secretary Bessant supports reconsidering the Federal Reserves 2% inflation target. Bessant indicated that discussions would likely revolve around adjusting the inflation target to a range of 1.5%-2.5% or 1%-3%.
