The €500bn plan could be a game-changer if spent wisely on growth-enhancing projects

Eurozone data has been trending slightly stronger, but dollar weakness had been the key driver of the euro rally

Relative calm in France and the imminent formation of a new German government bring more positive outlook

EU has window of opportunity to strike a deal with US administration

Overarching sense is all will proceed cautiously with rate cuts in the current uncertain environment

With the EU in the crosshairs for Trump’s next round of tariffs, the European Commission must act with urgency to implement the measures to kick-start the moribund economy

Bond markets are now adjusting to the relatively new environment of quantitative tightening

Of the 19 voting members on the FOMC, 15 judged the risks to the inflation outlook to be tilted to the upside, compared to just three in September, with President Trump’s policies widely expected to boost inflation further in the coming years

Majority of central banks have opted for interest rate cuts in their pre-Christmas meetings

Easing inflationary pressures should also support household real incomes and, in turn, consumer spending in the coming year