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EMERGING MARKETS: Global news: October 07

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • Israel bombed Hamas targets across Gaza on Monday to prevent what it said was an “immediate” threat of rocket fire the group was planning to mark its devastating attack a year ago. The move, along with Israel sending troops back into parts of northern Gaza over the weekend, underlined the continuing danger from Hamas. That’s despite it suffering huge losses since the war erupted, with Israeli officials estimated around half its roughly 35,000 fighters are dead.
  • ECB (MNI) – The ECB will “very likely” cut interest rates again at its October meeting, as the balance of risks are "shifting” and dangers of undershooting the current inflation target are growing, Bank of France Governor Francois Villeroy de Galhu said in an interview with Repubblica published on Monday. Weak growth and a restrictive monetary policy for too long risks inflation going below 2%, with financial markets now seeing prices at 1.8% next year, he said, adding that core inflation will gradually come close to 2% too in 2025.
  • China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government. The briefing will include five senior officials from the National Development and Reform Commission, including Chairman Zheng Shanjie, according to a notice from the government on Sunday.
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  • Israel bombed Hamas targets across Gaza on Monday to prevent what it said was an “immediate” threat of rocket fire the group was planning to mark its devastating attack a year ago. The move, along with Israel sending troops back into parts of northern Gaza over the weekend, underlined the continuing danger from Hamas. That’s despite it suffering huge losses since the war erupted, with Israeli officials estimated around half its roughly 35,000 fighters are dead.
  • ECB (MNI) – The ECB will “very likely” cut interest rates again at its October meeting, as the balance of risks are "shifting” and dangers of undershooting the current inflation target are growing, Bank of France Governor Francois Villeroy de Galhu said in an interview with Repubblica published on Monday. Weak growth and a restrictive monetary policy for too long risks inflation going below 2%, with financial markets now seeing prices at 1.8% next year, he said, adding that core inflation will gradually come close to 2% too in 2025.
  • China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government. The briefing will include five senior officials from the National Development and Reform Commission, including Chairman Zheng Shanjie, according to a notice from the government on Sunday.