The EU and a 12-nation Indo-Pacific bloc are opening talks to explore forming one of the largest global economic alliances, according to sources cited by POLITICO
Newsquawk Staff ·
- Canada PM Carney is spearheading the discussions.
What it means
The initiation of talks between the EU and a 12-nation Indo-Pacific bloc to form a significant economic alliance could signal a strategic shift in global trade dynamics. This development may enhance cooperation in trade and investment, potentially impacting currencies and commodity markets as institutions and investors reassess their geopolitical exposures. Keep an eye on risk sentiment and the response from Asia-Pacific economies as these discussions unfold.
Sources
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)
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