China Surprise Retail Consumption Slowdown; France Government Talks | Bloomberg The Pulse 12/16/24
December 16, 2024
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43:07Now PlayingChina Surprise Retail Consumption Slowdown; France Government Talks | Bloomberg The Pulse 12/16/24
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as posted by the channelChina’s retail sales growth unexpectedly weakened in November despite signs of improvement in the housing market. Retail sales rose 3% from a year ago, the slowest pace in three months and undershooting even the most bearish of forecasts. Industrial output increased 5.4%, keeping momentum as the manufacturing side of the economy continues to outperform consumer spending. In Europe, France’s new Prime Minister Francois Bayrou is meeting with far-right leader Marine Le Pen on Monday, kicking off an effort to form a government that can push a budget through a divided Parliament. The effort to form a government and craft a budget took on added urgency, after Moody’s Ratings over the weekend cut France’s credit rating, citing its weak finances and political gridlock.
Today's guests: Ozan Tarman, Deutsche Bank Global Macro Vice Chair; Jean-Pierre Clamadieu, Engie Chairman; Nadia Calvino, European Investment Bank President
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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