Institutions: Inflation in the eurozone may decline next year.
ING economist Bert Colijn wrote in a report that due to weak demand, inflation in the eurozone may decline next year. In November, consumer prices increased by 2.3% year-on-year, exceeding the European Central Bank's target. However, core inflation (excluding volatile energy prices) remains stable, and with weakening demand in the 20 member currency union, it is expected to decline in the coming months, Colijn stated. 'The labor market is softening, and we expect wage growth to slow next year.'
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
