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In the World 8th January 2026

Brent falls 1.3% below $60/bbl after Trump announces Venezuela to sell 30-50 million barrels to US at market prices

Norbolsa | The price of Brent has fallen 1.3% in two sessions and dropped below $60/b after Trump announced his plan to sell 30-50 million barrels of blocked Venezuelan oil to the US ($2.8 billion). On the other hand, it is likely that Trump will meet with American oil companies on Friday to discuss entry and investment in Venezuela. While the market believes that reviving the sector in Venezuela will…

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In the World 31st December 2025

Fed minutes reflect wide division among board members amid above-target inflation

Bankinter | Fed minutes reflected a wide division among board members. They correspond to the meeting held on 9-10 December and acknowledge a wide-ranging internal debate regarding the decision to cut rates. A few board members who had supported the cut acknowledged that they could also have supported the option of maintaining rates, given the various risks facing the economy. Specifically, six of them could have opposed the cut, although…

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In the World 23rd December 2025

China keeps one-year and five-year rates at 3% and 3.5% for seventh consecutive month

Bankinter | Commercial banks have kept one-year and five-year rates unchanged for the seventh consecutive month at 3.0%, in line with consensus expectations. These rates are used as a benchmark for short-term corporate loans. Five-year rates remain at 3.50%, also in line with estimates. These five-year rates are the benchmark for mortgage loans. The last time cuts were made was in May. Analysis team’s view: The deterioration of the economy…

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In the World 22nd December 2025

Bank of England lowers rates to 3.75% in first cut since last August

Link Securities | The Bank of England’s (BoE) Monetary Policy Committee approved by five votes to four a quarter-point cut in its benchmark interest rate to 3.75%, the first cut since last August. The four members who voted against the move argued for keeping rates unchanged. On this occasion, BoE Governor Andrew Bailey supported the decision to cut rates. The BoE’s benchmark rate is now at its lowest level since…

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In the World 18th December 2025

US employment figures reflect labour market weakness, non-farm job losses hit 105k

Bankinter | Non-farm payrolls (November) came in higher than expected at 65k versus 50k expected. Private payrolls surprised on the upside, reaching 64k versus 50k. However, October figures reflected notable weakness in the labour market, with non-farm payrolls down by 105k. The unemployment rate rose unexpectedly by two tenths of a percentage point to 4.6% (versus 4.5% expected and 4.4% previously), as a result of a proportionally higher increase in…

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In the World 16th December 2025

Tankan index, measuring confidence of large Japanese manufacturing companies, improves despite weak economic growth

Bankinter | The Tankan index, which measures the confidence of large manufacturing companies, improves to 15 points in Q4 2025 (compared to the expected 15 and the previous 14). In the case of Services, it fell slightly to 34 points, in line with expectations (compared to 35 expected and 34 previously). Small manufacturing companies also improved somewhat compared to the previous quarter and recorded better-than-expected figures (6 compared to 2…

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In the World 16th December 2025

Retail sales in China grow 1.3% year-on-year in November, lowest rate since pandemic

Link Securities | According to data from China’s National Bureau of Statistics, retail sales in China grew by 1.3% year-on-year in November (2.9% in October), the lowest rate since the COVID-19 pandemic. The reading was below the 2.9% expected by the FactSet analyst consensus. There was a sharp 19.4% drop in sales of household appliances during the month. Car sales also declined, and sales of essential goods fell slightly. In…

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In the World, Uncategorised 16th December 2025

Empire State Manufacturing Index enters contraction territory in December, falling to -3.9 points against 18.7 in November

Bankinter | Empire Manufacturing (December) below expectations: -3.9 compared to +10.0 expected and +18.7 previously. The indicator, which surveys 200 executives in the manufacturing sector in New York State, is below expectations and enters contraction territory (<0), affected by the fall in New Orders. With regard to prices, the components of prices paid and prices charged declined, pointing to an improvement in inflationary pressures. Also on the positive side, the…

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In the World 11th December 2025

Fed cuts benchmark interest rates by quarter point to 3.5%/3.75% amid apparent split over economy

Bankinter | The Fed cuts benchmark interest rates (Fed Funds) by a quarter of a point to 3.5%/3.75% as expected. The decision was not unanimous, with one vote in favour of cutting by 50bp (Miran) and two in favour of maintaining rates (Goolsbee and Schmid). They announced that from 12 December they will increase their balance sheet again by purchasing treasury bills, not as part of their monetary policy, but…

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In the World 11th December 2025

Unemployment remains stable in more than half of OECD countries in October

Unemployment remains stable in more than half of OECD countries in October 11 December 2025 CdM | In October, the unemployment rate remained stable in 21 of the 32 OECD countries with available data. Seven OECD countries experienced an increase and four a decrease. Specifically, Mexico, Korea, Japan and Israel recorded unemployment rates of 3% or less. In contrast, Spain maintained a double-digit unemployment rate of 10.5%, while Finland reached…