Today: The S&P 500 index closed above 6,000 points yesterday after giving up some gains and is now up 0.65% on the month, having regained most of the losses it saw immediately before Christmas. Asian and European stocks ticked up this morning. US futures called for some profit-taking today.
Moscow rejected Trump’s call for a ceasefire in Ukraine. “A ceasefire is a road to nowhere,” Russian Foreign Minister Sergei Lavrov said.
Europe’s competitiveness is “in a crisis”
Is 2025 going to be the year in which Europe becomes competitive again, after years in which it trailed both the US and China in economic performance? Not according to Philippe Ducom, President, Europe, of oil giant Exxon.
Europe’s competitiveness is “in a crisis”, he told me in a phone interview. And if in the next few years the EU keeps trying to regulate itself out of the crisis, “it’s not going to work.”
