News updates from November 8: Trump asks Lightizer to run US trade policy; Israel sends aircraft to Amsterdam after violence

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Financial Times 5d ago

News updates from November 8: Trump asks Lightizer to run US trade policy; Israel sends aircraft to Amsterdam after violence - Financial Times

Quick Summary:

The onshore yuan fell by as much as 0.4 per cent, below 7.17 to the dollar as the market digested the stimulus announced by Chinese officials on Friday.

Policymakers had increased their forecast for year-end 2024 inflation to 44 per cent, compared with a previous estimate of 38 per cent, central bank chief Fatih Karahan said on Friday as he unveiled the bank’s quarterly inflation report.

The yield on the 10-year Treasury slipped as low as 4.27 per cent — below the level where it closed on November 5, the day before the US election result sent “Trump trades” tearing across global financial markets, before rebounding slightly to 4.3 per cent.