European stock markets edged lower Friday, as investors digested the latest ECB interest rate cut as well as growth data from China, the world’s second-largest economy.

At 03:40 ET (08:40 GMT), the DAX index in Germany traded 0.1% lower, the CAC 40 in France fell 0.1% and the FTSE 100 in the U.K. dropped 0.4%.

ECB cuts interest ...

Gold prices hit record high above $2,700 on election uncertainty, rate cut hopes

Gold prices hit a record high in Asian trade on Friday, benefiting from safe haven demand with just weeks left to a closely contested U.S. presidential election, ...

China GDP grows as expected in Q3, remains below 5% annual target

The Chinese economy grew as expected in the third quarter, gross domestic product data showed on Friday, although the economy’s pace of growth remained below Beij...

ECB survey shows quicker return of inflation to target

FRANKFURT (Reuters) - Euro zone inflation could return to the European Central Bank's 2% target sooner than earlier thought and will likely hover around this leve...

Compelling Headline: IMF's Georgieva: High Prices Are Here to Stay

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), stated that high prices are persistent, contributing to economic pain driven...

Markets are pricing in Trump win, surging GOP sweep probability: JPMorgan

Markets are beginning to price in the so-called "Trump trade,” with betting odds increasingly favoring a Republican sweep in the upcoming elections, JPMorgan stra...

Intriguing Move: Privatization Tender Announced for Vehicle Inspection Services in Two Regions

The Treasury and Finance Ministry's Privatization Administration has opened a tender for the privatization of the "Construction, Maintenance, and Operation Servic...

Headline: Fed's Daly: No Indication Yet to Halt Interest Rate Cuts

San Francisco Fed President Mary Daly mentioned that she sees no indication that the U.S. central bank will halt the reduction of interest rates, which remain "de...

Headline: Fed/Schmid: Advocating a Cautious and Informed Approach to Interest Rate Cuts

Kansas City Fed President Jeffrey Schmid expressed his preference for a "cautious and measured" approach to interest rate cuts as inflation progresses towards the...

Intriguing Tender Announced: Privatization of Vehicle Inspection Services in Two Regions by ÖİB

The Ministry of Treasury and Finance's Privatization Administration (PA) has issued a tender for the privatization of "Construction, Maintenance, and Operation Se...

Fitch Anticipates Accelerated Rate Cuts from ECB

According to updated forecasts by Fitch Ratings, the European Central Bank is expected to lower interest rates more quickly than previously anticipated. In a publ...

Headline: Fed's Kashkari: Sharp Deterioration in Labor Markets Could Prompt Swifter Rate Cuts

Minneapolis Fed President Neel Kashkari reiterated a call for "modest" interest rate cuts over the "next few quarters," advocating for a gradual approach to rate ...

Headline: "Stripe Acquires Bridge: Expanding Horizons with Stablecoin Infrastructure"

Fintech giant Stripe has announced its acquisition of stablecoin infrastructure provider startup Bridge. According to a report last week from Forbes, citing sourc...

Citi Research Raises Price Forecasts for Gold and Silver

Citi Research has raised its three-month forecast for gold prices, citing potential disruption in the U.S. labor market, expected Fed rate cuts, and ongoing physi...

Logitech Raises Full-Year Sales Forecast

Logitech International raised its full-year outlook following strong performance and increased demand in the second quarter. The company adjusted its full-year sa...

Headline: Citi Research Raises Gold and Silver Price Forecasts for China

Citi Research has raised its three-month gold price forecast, citing potential disruptions in the U.S. labor market, Federal Reserve rate cuts, and physical and E...

Intriguing Shift: Foreign Investors Reduce Holdings in China's Onshore Bonds for the First Time in a Year

Foreign investors reduced their onshore yuan bond holdings for the first time since August 2023, as a stronger yuan made hedged onshore bonds less attractive. Acc...

Headline: BOJ's Kato: Scrutinizing Risks Stemming from a Weaker Yen

The Bank of Japan (BOJ) Executive Director Takeshi Kato stated that the BOJ is carefully examining the upward risks stemming from rising import prices as the yen ...

Headline: Özata Shipyard Completes Comprehensive Repair and Maintenance for International Client

Özata Denizcilik has completed the repair, maintenance, and overhaul of a vessel under a contract with a foreign company. According to the company's disclosure, t...

Title: Kerem Kürklü Appointed as General Manager of Kalekim

Kalekim has appointed Kerem Kürklü as General Manager effective January 6, 2025. According to the statement made to the Public Disclosure Platform, during the com...

French Government Unveils Financial Plan to Parliament: Growth Forecasts Aim for 1.1% in 2025 and 1.5% by 2027

The French government has presented a long-term plan to parliament aimed at curbing the budget deficit in the coming years. The plan commits to reducing the defic...