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EMERGING MARKETS: Global News: November 26

EMERGING MARKETS
  • US (BBG) – President-elect Donald Trump vowed additional tariffs on China as well as US neighbours Canada and Mexico, roiling markets with his first specific threat to curb global trade flows since his election win. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday.
  • US (BBG) – Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg TV in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year.
  • EU (MNI) – Speaking in a public hearing at the Finnish parliament, Bank of Finland Governor Rehn said that the ECB "can cut rates in December if data, forecasts support it". Rehn also suggests he could support another rate cut in late January as he mentions "moving from restrictive toward neutral in late winter", though we would caution over-interpretation from just the headline at this stage.
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  • US (BBG) – President-elect Donald Trump vowed additional tariffs on China as well as US neighbours Canada and Mexico, roiling markets with his first specific threat to curb global trade flows since his election win. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday.
  • US (BBG) – Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg TV in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year.
  • EU (MNI) – Speaking in a public hearing at the Finnish parliament, Bank of Finland Governor Rehn said that the ECB "can cut rates in December if data, forecasts support it". Rehn also suggests he could support another rate cut in late January as he mentions "moving from restrictive toward neutral in late winter", though we would caution over-interpretation from just the headline at this stage.