IlluMyFi

Rolling coverage of the latest economic and financial news, on the final trading day of the year

2024 has also been a strong year for the US dollar, whcih is on track to record strong gains in 2024 against most currencies.

The dollar index, which measures the greenback against a basket of rival currencies, is up 6.5% over the last year.

This, in turn, is likely to result in stronger US growth, higher inflation, and, subsequently, higher interest rates, all of which contribute to a stronger US dollar.

Furthermore, Trump’s election victory is anticipated to result in tariffs on imports from countries, including China. Mexico, Canada and the EU which will dampen growth expectations outside the US and weigh on commodity prices.

Sentiment

0.55

Bearish/Bullish

100

02.01.25 04:52

by theguardian.com

Early phase-out of full hybrid vehicles may be a political risk too far for UK m...

Pragmatism will win over purism, unless the government favours early closure for car manufacturers

The main timetable is set: no new petrol and diesel cars will be allowed to be sold in the UK after 2030, and sales of all new hybrids will be forbidden from 2035. But that phasing still leaves open the critical matter – for the automotive industry, and for a couple of manufacturers in particular – of which new hybrids will be allowed to be sold until the last day of 2034.

Just the variety that comes with a socket – plug-in hybrid electric vehicles (PHEVs)? Or should old-style hybrids, such as the Toyota Prius, which have smaller batteries charged by a main internal combustion engine, also be permitted?

United States of America