Putin's Russia
Russian oil company signs agreement with Indian company
Russia's state oil company Rosneft has signed a ten-year supply agreement with the private Indian company Reliance to deliver 500,000 barrels of oil per day, several sources told Reuters.
According to the news agency, the agreement should be worth around SEK 140 billion per year and is the largest energy deal between the two countries to date. India has no sanctions against Russia.
Russian oil company signs agreement with Indian company
Russia's state oil company Rosneft has signed a ten-year supply agreement with the private Indian company Reliance to deliver 500,000 barrels of oil per day, several sources told Reuters.
According to the news agency, the agreement should be worth around SEK 140 billion per year and is the largest energy deal between the two countries to date. India has no sanctions against Russia.
Strategist: Fed may be forced to raise interest rates in 2025
As early as next year, the Fed may have to raise interest rates again. This is what Nordea strategist Mikael Sarwe tells DI.
He points out that rising company margins in combination with a stronger economy should lead to a tighter labor market and higher real wages.
- Then we will probably return to a situation where inflation becomes a problem for the Fed, we may even have an interest rate increase scenario that is not at all in the pricing now, he says.
In addition, the stock market is highly valued, he adds, and warns that it "could be difficult" if the US goes into recession.
As early as next year, the Fed may have to raise interest rates again. This is what Nordea strategist Mikael Sarwe tells DI.
He points out that rising company margins in combination with a stronger economy should lead to a tighter labor market and higher real wages.
- Then we will probably return to a situation where inflation becomes a problem for the Fed, we may even have an interest rate increase scenario that is not at all in the pricing now, he says.
In addition, the stock market is highly valued, he adds, and warns that it "could be difficult" if the US goes into recession.
ECB vs inflation
The ECB chief: The fight against inflation is on the right trackThe fight against inflation is on the right track, says ECB central bank chief Christine Lagarde at a press conference after the announcement that the deposit rate will be cut by 25 points to 3.0 percent, she believes.
The latest underlying measures now point to inflation stabilizing around the ECB's target of 2 percent, according to Lagarde.
At the same time, the ECB lowers its growth forecast slightly compared to September, as a result of reduced activity in the third quarter. Lagarde further points out that risks to growth "remain on the downside".
The ECB chief also repeats the previous message that the central bank does not commit to a specific interest rate path.
The decision in the council was unanimous, while there was "some discussion" about a double reduction, she further states.
The interest rate decision means the ECB's fourth reduction this year.
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