Markets price in 80% chance of a 25bp rate hike to 2.50%. Higher oil prices and rising inflation expectations support a hawkish outcome. Resilient growth offsets trade-related risks. BoC decision due Wednesday at 13:45 GMT; Macklem speaks at 14:30 GMT. Rate hike largely priced in The Bank of Canada is widely expected to raise its […]
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Shares of Nu Holdings (NU), the parent company of Brazilian digital bank Nubank, plunged roughly 20% on Oct. 26, Monday, after President Luiz Inácio Lula da Silva won a surprise fourth term in Brazil’s presidential Read more…
Stopping at a gas station for a fill-up, coffee, or snacks has long been part of Americans’ daily routines. But those habits are changing, and some of the country’s most recognizable convenience stores are facing Read more…
Markets France avoided a Moody’s rating downgrade last Friday, while weekend protests were considered to have shifted into lower/less aggressive gear. Today, this proved to be sufficient to halt last week’s violent EMU credit spread Read more…