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RBC Capital Reaffirms Their Hold Rating on ING GROEP (0RIC)
Unusual Options Activity: ING, WDAY and Others Attract Market Bets, ING V/OI Ratio Reaches 89.3
Analyst: Trump's tariff plan could cost every American consumer up to $2400 per year.
ING's James Knightley stated in a report that if elected president, Donald Trump's proposed tariff plan could increase inflation and result in each American consumer losing up to $2400 per year. Trump announced a more specific tariff plan today. Knightley previously mentioned that the increase in cost of goods, coupled with labor restrictions from the proposed immigration policy, could lead to a one percentage point rise in the US inflation rate. While tariffs can generate significant revenue, he added, the broader economic impacts and the consequent
Morgan Stanley Downgrades ING Groep to Equalweight, Reduces PT
European Equities Traded in the US as American Depositary Rise in Friday Trading, Up Over 1% for Week
ing groep: Inflation in the service industry remains high, the central bank of the united kingdom will continue to cut interest rates.
Service sector inflation is expected to rebound by about 5% before entering winter, while the overall CPI in January may approach 3%. This reduces the likelihood of a rate cut in December, but in spring, the ing groep believes that the Bank of England is still very likely to accelerate its easing cycle. In October, the service sector inflation in the united kingdom was slightly higher than the general expectations of economists, but 5% was just slightly higher than in September, which is in line with the Bank of England's forecast. However, interestingly, when delving into the details, it is found that the recent stickiness largely lies within categories that the central bank seems to consider less important / less indicative of "persisting" inflation. For example, rent, in October.
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