China Surprise Retail Consumption Slowdown; France Government Talks | Bloomberg The Pulse 12/16/24

/ 8 hours ago December 16, 2024

From Bloomberg Markets and Finance.

China’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.

Chapters:
00:00:00 – Market check
00:02:00 – The Pulse with Francine Lacqua
00:02:26 – France new PM Bayrou to meet Le Pen
00:04:39 – China retail sales growth weakened unexpectedly
00:07:07 – Ozan Tarman, Deutsche Bank Global Macro Vice Chair
00:12:58 – EXCLUSIVE: Jean-Pierre Clamadieu, Engie Chairman
00:21:09 – Headlines
00:22:03 – Nadia Calvino, European Investment Bank President
00:30:25 – Germany’s Scholz faces no-confidence vote
00:34:58 – South Korean court begins review of Yoon impeachment
00:39:11 – European equities 2025 outlook
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