Europe
Trump’s win heralds a dangerous new phase for markets
Uncertainty about Trump’s economic agenda in his second term is fuelling market volatility as well as ‘Trump trades’
United StatesGas supply risks are higher than oil supply risks
Gas prices have risen on supply risks but oil prices remain near USD70 per barrel on successive cuts to demand forecasts
InternationalAlbanian opposition’s legal troubles mount
Two leading opposition figures are facing corruption charges ahead of next year’s elections
AlbaniaClimate action disagreements will endure at COP29
Azerbaijan is hosting this year’s COP29; its president has opened with an attack on foreign governments
InternationalMigration will fuel institutional tensions in Italy
Italy’s policy of processing migrants in Albania has suffered a second major setback
ItalyProspects for the euro-area in 2025
The euro-area enters next year against a backdrop of a tighter fiscal environment and heightened trade uncertainty
EULithuanian government formation takes a sharp turn
The victorious Social Democrats signed a coalition agreement with a right-wing party
LithuaniaGermany’s centrists face risks in early elections
Germany is expected to hold its next federal elections in February, following the government’s collapse
Germany