The Governor of the Bank of Latvia and a member of the European Central Bank, Martins Kazaks has indicated that interest rate cuts in the Eurozone will not be necessary in the first half of 2024. This stands in stark contrast to market expectations, which aggressively expect the first cuts as early as next spring. Kazaks stressed that his position could change in the future if risks to price stability are more balanced.
Daily Summary: Chips lift Wall Street on Election Day, oil drops amid progress in negotiations (03.11.2026)
Economic Calendar - Global series of industrial PMI indicators and tech giants' results
📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?