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ECB Decision: Lagarde on Inflation, Interest Rates, Global 'Drag'
Bloomberg Television· 2025-10-30 15:40
Monetary Policy Stance - The ECB decided to keep the three key interest rates unchanged [1][24] - The ECB will follow a data-dependent and meeting-by-meeting approach to determine the appropriate monetary policy stance [3][24] - The ECB is not pre-committing to a particular rate path [3][25] Inflation Assessment - Inflation remains close to the 2% medium-term target [1][2][13][14][24] - Annual inflation increased to 2.2% in September, up from 2% in August, mainly due to energy prices [11] - Inflation excluding energy and food rose to 2.4% from 2.3% in August [12] Economic Outlook - The economy grew by 0.2% in the third quarter [4] - Unemployment at 6.3% in September remains close to its historical low [6] - Bank lending rates for firms averaged 3.5% in August [21] - The average interest rate on new mortgages stood at 3.3% in August [23] - Growth in mortgage lending ticked up to 2.6% in September from 2.5% in August [23] Risks and Uncertainties - Ongoing global trade disputes and geopolitical tensions create uncertainty [2][16] - A volatile global trade environment could disrupt supply chains and dampen exports [15] - Geopolitical tensions, particularly Russia's war against Ukraine, remain a major source of uncertainty [16]
Trump and Xi Shake Hands Ahead of Bilateral Meeting
Bloomberg Television· 2025-10-30 14:52
the president of the People's Republic of China. >> Good to meet you. >> Great pleasure to see you again. >> Good to see you again.>> Me, too. >> And we're going to have a very successful meeting. I have no doubt.But he's a very tough negotiator. That's not good. We know each other well.>> Mr. . President, do you plan to sign a trade deal today. >> Could be.>> I think we have. >> We'll have a great understanding. >> We have a great relationship. We've always had a great relationship.Will you discuss what I ...
Oaktree’s Marks on US-China Trade, Markets
Bloomberg Television· 2025-10-30 14:51
Oz. We've been keeping an eye, a close watch on the US-China trade deal. I mean, is that a game changer. Well, it is potentially a game changer.Of course, you're speaking with someone who is no expert on foreign affairs. But I think we already did so sell the impact on investor sentiment. Well, it can have a profound impact.I just don't know what. Well, we've been seeing a lot of posturing. President Trump talking about, you know, a deal is coming.He's looking for a complete deal. How much of that has alrea ...
Key outcomes from the Xi-Trump meeting in South Korea
Bloomberg Television· 2025-10-30 13:43
and we're going to have a very successful meeting. I have no doubt. >> US President Donald Trump met with Chinese President Xiinping here in Busousan, South Korea.It was a highly anticipated meeting to try and solidify a fragile truce and ease a trade war that has really roiled global markets. The talks resulted in China agreeing to resume buying US soybeans and halting some of the rare earth controls for one year. Earlier, Trump had threatened to impose an additional 100% tariff on China, saying he'd retre ...
BOE Interest-Rate Decision | Live Special Coverage
Bloomberg Television· 2025-10-30 11:21
The Bank of England is set to announce its decision on interest rates. Bloomberg Television will have special live coverage of Bank of England Governor Andrew Bailey's press conference following the decision, along with analysis from guests speaking from Bloomberg's London headquarters. ...
Trump and Xi Reach Trade Truce
Bloomberg Television· 2025-10-30 08:53
Heat up here. Thank you. Thank you very much.It's great to have you all. Thank you very much. Yes, me too.>> And we're going to have a very successful meeting. I have no doubt. >> But he's a very tough negotiator.That's not good. Given our different national conditions, we do not always see eye to eye with each other. And it is normal for the two leading economies of the world to have frictions now and then.[Music]. ...
AI Is the Only Theme That Matters: 3-Minutes MLIV
Bloomberg Television· 2025-10-30 08:41
Mark, we just talked to Marty about just what we kind of got out of this raid. But the markets are shrugging their shoulders. Is that because the positivity was earlier this week or is this a nothing burger.I think you're absolutely right, Katie. I think that this week has seen a big development in the US-China relationship. As Marty outlined, things haven't gotten worse.If anything, there's a slight kind of improvement at the margins situation. But most of the actual positives, which Trump confirmed today, ...
Trump's Former Trade Chief Calls for 'Substantial' China Tariffs, Tech Curbs
Bloomberg Television· 2025-10-30 08:11
Trade Balance & Tariffs - Maintaining substantial tariffs is crucial to address the unbalanced trade relationship and wealth transfer to China [2] - The US should not send China $200 billion to $400 billion in trade surplus, especially in technology [15] - Soybeans are an important part of the US agricultural sector, accounting for about half of total US exports [12] National Security & Technology - Technology is a key consideration in both economic and national security contexts [1] - The US needs to avoid concessions that could harm its long-term interests, particularly in technology [3] - Strategic decoupling is necessary to ensure security and technological independence [24][25] - The US should not ease restrictions on Chinese investments, especially in technology and data-related sectors [17][18] Fentanyl - The US loses approximately 100,000 people a year to fentanyl, with most of it originating from China [9] - China has the ability to stop the flow of fentanyl if it chooses to do so [10] Investment - Low-tech, low-data manufacturing could be a conceivable area for Chinese investment, but it should not be encouraged [19] - There is no reciprocity in investment, as China restricts US investment to areas that serve its interests [20] Sovereign Wealth Fund - With a $35 trillion national debt, establishing a sovereign wealth fund may not be the priority [21]
Dutch Election Results: Geert Wilders' Far-Right Falls, Centrists Set to Win
Bloomberg Television· 2025-10-30 07:32
I'd like to begin with just getting sort of your reaction to what we got and what kind of government you think we're going to get out of the Netherlands. Yeah, well, obviously it's still very much up in the air. What we will get, how we see it for quite some shifts already since the exit polls last night.It's the first question is who will become the biggest party. We see far right party governing in the last coalition stepping out of being quite losing quite some seats. Important signal also for the rest o ...
'I'm not very hopeful about the future of Russia right now,' says Finland's President #politics
Bloomberg Television· 2025-10-30 07:01
Where do you see Russia going. >> Oh, it's not looking good. >> Putin has repeatedly expressed concern about Moscow's diminished role in the world.The invasion of Ukraine follows other conflicts involving Russia and its neighbors over the years, and efforts to end this war continue. President Stub may be a key player in negotiations. He leads a country that's lived under Russia's threats for centuries.I'm really excited about this new episode and relaunch of leaders. you know, very honest with you, with the ...