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63.874
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Real-time News
On September 17th, after nearly a decade of negotiations, the European Union and Indonesia concluded trade agreement negotiations. This move is part of the EUs efforts to diversify its supply chains and expand into new markets. European Commission spokesperson Olof Gill stated that EU Trade Commissioner Maros Sefcovic will visit Indonesia on September 23rd to formally announce the agreement. Indonesian Trade Ministry spokesperson Kusuma Dewi stated that the two sides will issue a joint statement confirming the "substantial completion" of the negotiations. Before the agreement can enter into force, it must be ratified by a majority of EU member states, the European Parliament, and the Indonesian legislature.On September 17th, Convera strategist Antonio Ruggiero wrote in a report that while this weeks UK inflation and employment data further reduced the likelihood of further Bank of England rate cuts, the British pound remains vulnerable. He noted that structural headwinds persist for the pound, and that if the Federal Reserve cuts rates as expected but issues cautious guidance, the pound could face downward risks. Ruggiero said the Fed is likely to reiterate its willingness to cut rates, but given that price pressures remain a "real concern," uncertainty remains about the future policy path. In this scenario, he said, the pound could fall back below $1.36.On September 17, Slovakias Economy Minister Denisa Sakova stated that as an EU member state, Slovakia will resist Trumps demand to cut Russian oil and gas imports unless the country secures sufficient alternative energy supplies. The minister noted that sufficient infrastructure must first be built to support alternative energy transport routes. Her remarks came in response to Trumps latest pressure push: his demand that all EU countries stop importing Russian energy, a move that would impact Slovakia and Hungary. Sakova stated that she made Slovakias position clear during her meeting with US Energy Secretary Chris Wright in Vienna this week. She said the Trump administration official expressed understanding and acknowledged the need for increased US investment in energy projects in Europe.On September 17th, Bank of Americas September European Fund Manager Survey showed that as concerns about the impact of US tariffs subsided and expectations of US interest rate cuts boosted market sentiment, investors optimism about global economic growth was growing. Bank of America stated that the market expected the EU economy to accelerate growth. The survey noted that "the net percentage of respondents who believe the global economy will slow has fallen to its lowest level since February this year."Turkish Airlines Chairman: We are still in talks with Boeing (BA.N) about purchasing 250 aircraft.
