{"id":51969,"date":"2025-08-14T04:08:47","date_gmt":"2025-08-14T08:08:47","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/"},"modified":"2025-08-14T04:08:47","modified_gmt":"2025-08-14T08:08:47","slug":"global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/","title":{"rendered":"Global Markets in Focus: Norges Bank Holds Rates, Foxconn Expands US AI Production, Turkey Maintains Inflation Outlook"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/#Norges_Bank_Holds_Steady_Signals_Future_Cuts\" >Norges Bank Holds Steady, Signals Future Cuts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/#Foxconn_Deepens_US_AI_Production_Boosts_Capex\" >Foxconn Deepens US AI Production, Boosts Capex<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/#Turkeys_Inflation_Outlook_Unchanged\" >Turkey&#39;s Inflation Outlook Unchanged<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/#JPMorgan_Sees_Departures_in_Hong_Kong\" >JPMorgan Sees Departures in Hong Kong<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-in-focus-norges-bank-holds-rates-foxconn-expands-us-ai-production-turkey-maintains-inflation-outlook\/51969\/#Europe_Gas_Prices_Remain_Range-Bound\" >Europe Gas Prices Remain Range-Bound<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Norges Bank<\/strong> maintained its benchmark interest rate at <strong>4.25%<\/strong>, defying some expectations of a cut, but signaled that the policy rate will be reduced further in the course of <strong>2025<\/strong> if the economy evolves as projected.<\/li>\n<li><strong>Foxconn<\/strong> (<a href=\"\/stock\/2317.TW\">2317.TW<\/a>) is significantly expanding its <strong>AI server production<\/strong> in the U.S., particularly in Texas and Wisconsin, and has identified <strong>NVIDIA<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) as a very crucial partner.<\/li>\n<li><strong>Turkey&#39;s Central Bank<\/strong> held its year-end inflation estimate steady at <strong>24%<\/strong> for 2025, despite recent market volatility.<\/li>\n<li><strong>JPMorgan<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) experienced key personnel departures in its Hong Kong credit trading and sales division.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Norges_Bank_Holds_Steady_Signals_Future_Cuts\"><\/span>Norges Bank Holds Steady, Signals Future Cuts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Norges Bank, Norway&#39;s central bank, announced today that it would keep its benchmark interest rate unchanged at <strong>4.25%<\/strong>, a decision that was largely anticipated by market analysts. This follows a previous reduction from 4.5% to 4.25% in June 2025. Despite the current hold, the central bank indicated a clear path towards further monetary easing, stating that the policy rate is expected to be reduced further over the course of <strong>2025<\/strong>, provided the economic outlook develops broadly as currently projected.<\/p>\n<p>The central bank&#39;s policy rate forecast suggests a decline to just below <strong>4%<\/strong> by the end of 2025 and approximately <strong>3%<\/strong> by the end of 2028. This cautious approach aims to ensure inflation returns to its target without unduly restricting economic activity, even as underlying inflation has shown signs of decline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Foxconn_Deepens_US_AI_Production_Boosts_Capex\"><\/span>Foxconn Deepens US AI Production, Boosts Capex<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology giant <strong>Foxconn<\/strong> (<a href=\"\/stock\/2317.TW\">2317.TW<\/a>) is making substantial strategic moves, affirming <strong>NVIDIA<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) as a &quot;very important partner&quot; as it ramps up its artificial intelligence (AI) server production in the United States. The company plans to continue expanding its AI server manufacturing operations in <strong>Texas<\/strong> and <strong>Wisconsin<\/strong>, with new facilities in the U.S., Mexico, and Taiwan coming online. Foxconn is also actively seeking better production locations for its Model C in the U.S. market, aligning with its broader investment strategy.<\/p>\n<p>To support these ambitious expansion plans, Foxconn intends to increase its capital expenditure by more than <strong>20%<\/strong> in <strong>2025<\/strong>. The company is leveraging <strong>NVIDIA Omniverse<\/strong> for virtual integration and planning of its facilities, aiming for greater efficiency and faster deployment of AI-powered robotic factories. AI servers now constitute <strong>40%<\/strong> of Foxconn&#39;s total sales, and the company commands over <strong>40%<\/strong> of the global AI server market through its partnerships.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Turkeys_Inflation_Outlook_Unchanged\"><\/span>Turkey&#39;s Inflation Outlook Unchanged<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Turkey&#39;s Central Bank<\/strong> announced it is maintaining its year-end inflation estimate at <strong>24%<\/strong> for <strong>2025<\/strong>. This decision comes despite recent volatility in financial markets and ongoing global uncertainties. The bank&#39;s forecast range for 2025 remains between <strong>19% and 29%<\/strong>, reflecting the elevated uncertainty, particularly concerning global food and energy markets.<\/p>\n<p>Central Bank Governor Fatih Karahan reiterated the bank&#39;s commitment to a tight monetary policy stance until a sustained decline in inflation is achieved, with projections showing inflation decreasing to <strong>12%<\/strong> in <strong>2026<\/strong> and <strong>8%<\/strong> by the end of <strong>2027<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"JPMorgan_Sees_Departures_in_Hong_Kong\"><\/span>JPMorgan Sees Departures in Hong Kong<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>JPMorgan<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) has experienced personnel changes within its Hong Kong operations, with the departure of two credit traders and a sales head. This includes Sudhir Goel, who served as the bank&#39;s head of sales and marketing and platform services for APAC and CEO of Southeast Asia. The departures come amidst a dynamic period in Asia&#39;s credit trading and sales market, with significant activity reported across Hong Kong and Singapore.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Europe_Gas_Prices_Remain_Range-Bound\"><\/span>Europe Gas Prices Remain Range-Bound<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>European natural gas prices have continued to trade within a week-long range. This stability is observed ahead of anticipated talks between U.S. President Donald Trump and Russian President Vladimir Putin. Market participants are closely monitoring these geopolitical discussions, as their outcome could influence future energy trade policies and the region&#39;s supply balance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Norges Bank maintained its benchmark interest rate at 4.25%, defying some expectations of a cut, but signaled that 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