Political and Geopolitical Impact:
The gold metal has rallied 40% so far in 2024 and gold prices remain near record highs due to growing risk aversion triggered by political uncertainty in the US and geopolitical tensions in the Middle East. With the U.S. presidential election just two weeks away, the race between Donald Trump and Kamala Harris appears to be very...
In a recent announcement, the BRICS alliance (Brazil, Russia, India, China and South Africa) has confirmed that the XRP and XLM cryptocurrencies will be the cryptocurrencies of choice to power its new cross-border payments system. The move underscores BRICS' focus on creating an efficient, decentralized alternative to current legacy systems such as Swift.
XRP...
ASML Holding N.V., one of the leading technology suppliers in the semiconductor industry, has reported its financial results for the third quarter of 2024, reporting solid growth despite the challenges faced. The company achieved net sales of €7.5 billion, representing a 20% increase over the previous quarter. This growth was driven mainly by demand for its...
The S&P 500 Index has set a new record by completing its sixth consecutive week of gains, a feat that underscores its strength in 2024. With this performance, the index has recorded its 46th and 47th highest closes of the year, underscoring the market's resilience amid challenging economic conditions.
Continued S&P 500 Successes
The S&P 500's positive streak...
The global energy market is undergoing dramatic changes, with oil and lithium playing a crucial role. As oil prices face a significant weekly drop, the extraction of lithium in oil fields, such as the Smackover Formation in the United States, offers a revolutionary opportunity for the energy industry. These developments reflect the current dilemma: the same...
The Ibex 35 has performed remarkably well in recent sessions, reaching an intraday high of 12,000 points, thanks to the solid performance of several market sectors.
Telecommunications
The telecommunications sector has been the main driver of the index, led by Telefónica. The company experienced a strong boost following a favorable European court decision...
The European Central Bank (ECB) is under pressure to cut interest rates for the third time this year, prompted by the surprise 50 basis point cut announced by the U.S. Federal Reserve (Fed) in September. Although the ECB had planned to wait until December to make another cut, recent economic data, such as weak PMIs and falling inflation in the Eurozone, have...
The S&P 500 has reached new all-time highs, and with it, several of its components are also achieving record highs. Among these stocks, two tech giants stand out: Oracle and Netflix. Although they belong to different sectors, both have demonstrated solid growth and present great potential for investors looking for opportunities in this boom time.
Netflix: The...
The S&P 500 has reached record highs, boosted by solid results from the U.S. financial sector. Companies such as JPMorgan and Wells Fargo posted gains of 4% to 5%, strengthening the market and positioning U.S. banking at one of its highest points in history. As the earnings season progresses, investors are looking to maximize their portfolio returns in an...
European stock markets started the week little changed due to the disappointing update on China's stimulus, which generated uncertainty among investors. Although the technology and telecommunications sectors showed slight gains, luxury, leisure and travel stocks, especially those linked to the Chinese market, fell significantly. French companies LVMH and Hermes...
The recent release of the U.S. Consumer Price Index (CPI) showed that core inflation unexpectedly rose from 3.2% to 3.3% in September, raising concerns about a possible reaction from the Federal Reserve (Fed). Investors fear that this increase could pressure the Fed to adopt a less dovish stance, even if that means hurting the labor market and the broader economy....
Berkshire Hathaway (NYSE: BRKa), the investment firm led by Warren Buffett, has raised 281.8 billion yen ($1.9 billion) through a Samurai bond issue, strengthening its position in the Japanese market. This is the company's largest yen bond issue in five years, with maturities ranging from 3 to 30 years. The most significant tranche was the 3-year tranche,...
McDonald's - NYSE: MCD , has sued major meat companies, including JBS - BVMF: JBSS3,), Tyson Foods - NYSE: TSN, Cargill - (private, not publicly traded) and National Beef - (private, not publicly traded) accusing them of manipulating meat prices since 2015. According to the lawsuit, these companies would have intentionally reduced the supply of cattle to increase...
Gold and oil prices have been affected by the uncertainty surrounding U.S. interest rates, as markets anticipate the Federal Reserve's (Fed) next moves and inflation data. These expectations have generated volatility in both assets, with specific factors impacting their trends.
Gold: Fed and Interest Rate Uncertainty
Gold has seen a decline in Asian markets,...
Key Points:
• Dollar Highs: The U.S. dollar approaches seven-week highs, boosted by a strong jobs report that raises expectations for U.S. interest rates.
• Expectation Adjustment: Traders have trimmed the odds of dramatic rate cuts by the Federal Reserve (Fed), lowering the chance of a November cut to 86%.
• Dollar Index: The dollar index currently stands...
Ubisoft, the famous video game developer responsible for sagas such as Assassin's Creed and Far Cry, is in the midst of a financial crisis that has caused a 50% drop in its shares over the last year. Faced with this situation, Tencent and the Guillemot Brothers, the company's founding family, are considering acquiring full control of the company, according to...
Chinese markets are poised for a major rebound after the Golden Week holiday, buoyed by expectations of further economic stimulus measures from the government. Among the indices expected to lead this recovery is the China A50, which groups the top 50 companies on the Shanghai and Shenzhen stock exchanges. The optimism comes on the back of the announcement of more...
Financial giant BlackRock has received approval from the Spanish government to acquire 20% of Naturgy, consolidating its position as a reference shareholder in the energy company. This stake comes from the purchase of alternative asset manager GIP, which had held that position in the gas company's capital since 2016. The transaction marks a major change in...
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