October 24, 2024 10:16 GMT
EMERGING MARKETS: Global News: October 24
EMERGING MARKETS
- US - Vice President Kamala Harris deepened her closing argument to undecided voters that Donald Trump is unfit to serve a second term, classifying her opponent as a fascist in response to a question during a CNN town hall in key swing-state Pennsylvania. In the town hall Wednesday, Harris aimed to paint a stark contrast with her Republican rival, questioning his fitness to serve, part of an effort to put the focus on the former president and urge voters to turn the page on him.
- JAPAN - Finance Minister Katsunobu Kato said he is raising the level of urgency for monitoring currency moves, after the yen hit an almost three-month low against the dollar. “We are seeing one-sided, rapid moves” in the FX markets, Kato told reporters after attending G-20 finance chiefs and central bankers meetings in Washington Wednesday. “We will closely monitor the foreign exchange market with a stronger sense of urgency, including watching for speculative trading.”
- EU - The ECB will most likely lower interest rates by another 25bp this year even as upside inflation risks linger, said Governing Council member Robert Holzmann. At the same time, neither a larger step nor a pause can be excluded, the Austrian central-bank chief said in an interview in Washington. “I’d say a quarter-point step is probable in December,” Holzmann said.
218 words