November 20, 2024 11:24 GMT
EMERGING MARKETS: Global News: November 20
EMERGING MARKETS
- RUSSIA / US (RTRS) – Vladimir Putin is open to discussing a Ukraine ceasefire deal with Donald Trump but rules out making any major territorial concessions and insists Kyiv abandon ambitions to join NATO, five sources with knowledge of Kremlin thinking told Reuters. In the first detailed reporting of what President Putin would accept in any deal brokered by Trump, the five current and former Russian officials said the Kremlin could broadly agree to freeze the conflict along the front lines.
- US (BBG) – President-elect Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to lead the Commerce Department, a central position in an administration that will likely be shaped by proposals for sweeping tariff increases. One of Trump’s most prominent Wall Street supporters and a co-chair of his transition, Lutnick had been a candidate to become Treasury secretary, a selection that the president-elect has yet to announce.
- EU (MNI) – The ECB Bank sees elevated financial stability vulnerabilities from the “volatile environment” with growth risks to the downside, geopolitical uncertainty, high valuation and risk concentration and debt sustainability concerns in some countries, the November Financial Stability Review said on Wednesday. The report noted that high valuations and risk concentration “make markets more susceptible to sudden corrections”.
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