After decades in the wilderness, Anwar Ibrahim has finally landed the country’s top job leading a centralist government. But pro-Malay forces are already circling, ready to attack.AdvertisementASX futures up 14 points or 0.19 per cent to 7267 near 4.45am AEDTWall St closed for ThanksgivingBrent crude -0.5% to $US84.98 a barrelUnited StatesP 500 advance: “Trends remain pointed higher and US indices are likely to finish out the week at new highs for November.
Separately, ECB board member Isabel Schnabel, the most influential hawk, pushed back against recent calls from many of her colleagues for smaller interest rate increases, saying this was premature and could even prove counter-productive. “We currently expect the ECB to hike rates by 50bp in December and by another 25bp in February. The big question will be around quantitative tightening or in other words, the shrinking of the ECB’s balance sheet.”Germany has set out its plan to claw back 90% of the earnings from some clean power generators as the government seeks funding for its consumer aid package.
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