INT
Upcoming elections lift short-run policies to the fore
Davos will discuss AI-generation information, climate change, living costs, armed conflict and political polarisation
InternationalLong Red Sea crisis would absorb shipping overcapacity
Shipping freight is in a cyclical downturn, but attacks on ships in the Red Sea cast the outlook in uncertainty
InternationalWashington will welcome doubts over Chinese chips leap
A teardown of latest Huawei hardware casts doubt over China's capabilities to produce the most advanced semiconductors
United StatesECB will be cautious about cutting rates too early
Headline inflation rose from 2.4% to 2.9% in December as energy price falls stabilised and services prices picked up
EUFood price slowdown will be very slow and very uneven
Food prices fell for the 19th month in 21 but remain 27% higher than at the start of 2019; sugar prices fell promisingly
InternationalPMIs signal services bottoming out above manufacturing
UK and euro-area services PMIs point to services gradually recovering after a shallow downturn
EUUS job market is slowing in line with Fed assumptions
Job vacancies, quits and hiring fell modestly in November, in line with the labour market slowing steadily
United StatesClimate finance will grow but huge challenges persist
The COP28 aims of “transitioning away” from fossil fuels and tripling renewable energy capacity require huge investment
International
