{"id":135642,"date":"2024-11-26T07:45:19","date_gmt":"2024-11-26T05:45:19","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/geopolitical-risks-weigh-heavily-as-markets-move-to-safe-haven-assets\/"},"modified":"2024-11-26T07:45:19","modified_gmt":"2024-11-26T05:45:19","slug":"geopolitical-risks-weigh-heavily-as-markets-move-to-safe-haven-assets","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/geopolitical-risks-weigh-heavily-as-markets-move-to-safe-haven-assets\/","title":{"rendered":"Geopolitical risks weigh heavily as markets move to safe haven assets"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/135642\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The European Central Bank\u2019s (ECB) Chief Economist, Philip Lane, stated that \u201cmonetary policy should not remain restrictive for too long.\u201d However, he emphasised that the fight against inflation is not yet over, as services prices remain elevated. Despite heightened political risks in Europe and global geopolitical uncertainties, the ECB Council expects inflation to decline to their 2% target by mid-2025. Lane also noted that the council will adjust borrowing costs on a meeting-by-meeting basis.<\/p>\n<p>The Pound began the week on a firm note, with markets anticipating that the Bank of England (BoE) will reduce interest rates at a slower pace than the ECB or the Federal Reserve. Meanwhile, UK retail sales dropped by 0.7% in October as taxpayers curbed spending ahead of the UK budget announcement on October 30. Additionally, the Composite PMI\u2014a key measure of manufacturing and services activity\u2014fell below 50, signaling a contraction in UK economic output.<\/p>\n<p>In the US, former President Donald Trump nominated Scott Bessent as the new Treasury Secretary. Bessent is regarded as a \u201csafe pair of hands,\u201d which reassured markets after he announced plans to \u201crestrain US borrowing.\u201d This move suggests that US interest rates may not fall as quickly as previously anticipated, boosting the US Dollar late last week. Markets will closely monitor upcoming appointments from the Trump administration for further insights into future monetary policy.<\/p>\n<p>The German IFO business climate index fell to 85.7 in November from 86.5 in October. The current economic assessment also fell to 84.6 highlighting the economic and political weakness in Europe presently. The deteriorating trend has alarmed policymakers and markets now expect European interest rates to come down faster and deeper in an attempt to shore up the current economic activity across Europe. This could keep the single currency under pressure as we move toward year end.<\/p>\n<p>The Bank of England\u2019s Deputy Governor for Monetary Policy, Clare Lombardelli, said she supports a \u201cgradual removal of monetary policy restriction\u201d. She added that certain components of UK inflation remain elevated and need to be monitored closely and that Monetary Policy will be decided meeting by meeting as the council evaluate economic activity after the UK\u2019s recent budget.<\/p>\n<p>The US Dollar has started off the week slightly weaker as the newly appointed Treasury Secretary, Bessent, said that their priority will be to deliver on Trump\u2019s tax-cut pledges. He added that \u201cenacting tariffs and cutting spending will also be a focus as will maintaining the US Dollar\u2019s status as the World\u2019s reserve currency\u201d. The week ahead sees the US celebrating Thanksgiving and so markets will likely remain subdued.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.eubusiness.com\/finance\/currency-daily\/\">EUbusiness<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/geopolitical-risks-weigh-heavily-as-markets-move-to-safe-haven-assets\/\">Geopolitical risks weigh heavily as markets move to safe haven assets<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,17070],"class_list":["post-135642","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-geopolitical-risks"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/135642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=135642"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/135642\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=135642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=135642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=135642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}