Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.

With the ECB set to reduce borrowing costs for a fifth time while the Fed will leave rates on hold, the decisions will highlight the differing economic outlooks on either side of the Atlantic.

Rising global borrowing costs show that investors “are already pricing in” the economic impact of Trump’s policies.

European markets are heading for a positive open Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve's decision-making on interest rate cuts.

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.

Central bank independence is being challenged in parts of the world and greater political influence could undermined banks' ability to keep inflation down, risking economic volatility, European Central Bank President Christine Lagarde said on Monday.

European and US markets were in positive territory as investors continue to digest the potential impact of DeepSeek.

The US economy remained at a comfortable cruising speed in the final stretch of 2024, powered by healthy consumer spending and creating even more separation from its global

Negative interest rates occur when prices begin to start dropping to low levels as the value of a nation's currency increases. At these times, central banks may resort to negative interest rates. The purpose of negative interest rates is to fight deflation, discourage people from hoarding their cash, and encourage lending by financial institutions.

Gold prices held steady on Tuesday, anchored by stability in European equities and U.S. stock futures, a day after bullion's sharp decline amid a tech-led selloff. Spot gold

LONDON (Reuters) - It's a big week ahead as the U.S. Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Into the mix go earnings from heavyweights including Apple and Tesla, and likely market spikes from comments by new U.S. President Donald Trump - especially any on tariffs.