Turkey's credit rating has been upgraded by S&P Global Ratings for the second time this year. This decision reflects the country's growing reserves, a decrease in inflation, and a better current account deficit. This upgrade signals increasing confidence in Turkey's economic stability.
Swiss inflation has unexpectedly slowed, raising concerns about the central bank potentially missing its target. This development strengthens the argument for further interest-rate cuts, as policymakers may seek to stimulate the economy amid decreasing price pressures. Investors and analysts are now closely watching for the central bank's next moves.
Oil prices stabilized today after two days of decline, as hopes grow for a reduction in hostilities in the Middle East. The market is now focusing on global supply balances and the production outlook from OPEC+.
Voters in Uruguay will head to the polls this Sunday for a crucial presidential election. However, the race is being overshadowed by a heated debate over a proposed pension overhaul. This issue has sparked significant controversy, influencing public opinion and candidates' strategies as they prepare to make their case to the electorate.
The European Central Bank needs to be flexible with interest rates, according to Governing Council member Klaas Knot. He emphasized the importance of adapting to changing economic conditions to maintain stability in the eurozone.
France's credit rating has been placed on a negative outlook by Moody's Ratings, marking the third warning in just two weeks. This decision highlights concerns over the nation's deteriorating public finances and ongoing political challenges in managing rising budget deficits.
European Central Bank President Christine Lagarde has urged policymakers to start discussions earlier on weeks when interest rate decisions are scheduled. This move aims to streamline the decision-making process, according to sources familiar with her plans.
