The dollar has traded near its lowest levels of the year on Monday, with a 67% probability that the Federal Reserve will make a 50 basis point cut in interest rates. The move could weaken the dollar against other currencies, especially the yen. The euro has held at $1.1123, while the British pound has reached $1.3203. The Dollar Index has settled at 100.7, near...
Economic Challenges for Norway
The recent increase in interest rates by the Federal Reserve (Fed) and the European Central Bank (ECB) has had a significant impact on financial markets and the global economy. Simultaneously, Norway faces similar economic challenges to Saudi Arabia due to its dependence on oil and its large sovereign wealth fund. The Norwegian...
Gold has reached record highs, surpassing $2,570 per ounce, driven by the expectation of interest rate cuts by the U.S. Federal Reserve and the recent tightening by the European Central Bank, which reduced rates by 25 basis points. This expansive monetary policy environment has favored gold, seen as a safe haven asset in times of economic uncertainty. In addition,...
European stock markets, boosted by the ECB's recent meeting, have managed to ward off the fears that plagued markets in early September. Although the recent rebound has helped the indices to stay away from the August lows, it is not yet a definitive recovery. The declines at the beginning of the month have proved too deep to be considered a simple consolidation,...
UniCredit SPA (Ticker AT: CRDI.IT) has taken a significant step by acquiring a 9% stake in Commerzbank AG (CBK.GE), sparking speculation about a possible merger between the two European giants. This move marks a milestone in UniCredit's ambition to consolidate its presence in the European banking market. Commerzbank’s shares have risen by more than 18% since the...
Roche (ticker: ROG.SW) is losing ground on the stock due to the side effects of its new weight loss pill, CT-996, which is still in the testing phase. After a rally that boosted its shares 40% between May and September, the Swiss drugmaker has seen an 11% drop in its shares in September alone, including a decline of up to 6.75% on the U.S. stock market.
The...
In the first presidential debate of 2024, Kamala Harris and Donald Trump highlighted their differences in economic policies. Harris proposed an "opportunity economy" approach, aiming to increase the child tax credit to $6,000 and offer tax deductions for small businesses. Trump defended his tariffs as necessary protection for the U.S. economy and linked...
The recent correction of the S&P 500 presents itself as a buying opportunity, with no signs of a 2000 dotcom-like bubble and projections to reach 6,000 points by the end of 2024. In this context of volatility, especially in the wake of Nvidia's results and doubts about artificial intelligence, it is recommended to adopt tactical strategies to manage...
Investors anticipate a more hawkish Fed policy compared to the ECB, which significantly impacts the EUR/USD. The euro has rebounded nearly 5% from April lows, reaching levels near $1.12, a level not seen since July last year. This rise reflects the expectation that the ECB will maintain a moderate stance, with a 25 basis point cut at the next meeting and possible...
Toyota, Nissan and Panasonic are adjusting their electric vehicle production strategies, reflecting the complex situation in Japan's auto industry. Toyota will reduce its global production of electric vehicles in 2026 to around one million units, down from its original plan of 1.5 million, underscoring the challenges in the transition to greater electrification...
Today, Thursday, investors are focused on gold and oil, two commodities that are experiencing significant moves. Gold prices have reached a record high above $2,500 per ounce in a trend that began on August 19, driven by the expectation that the Federal Reserve (Fed) will cut interest rates. Fed Chairman Jerome Powell's speech in Jackson Hole on August 23, which...
The DAX 40, which fell by 0.97 %, reflects the tension in various sectors of the German economy, not just the automotive sector. In addition to Volkswagen, other companies in the technology and manufacturing sectors are also under pressure. The TecDAX, which groups the main technology firms, fell by 1.50 %, affected by the fall of Infineon Technologies, whose...
The price of cocoa has risen 130% this year, making it the most revalued commodity, surpassing even copper. There are two times of the year when cocoa is harvested, and poor rains and crop diseases have dented the crop in Côte d'Ivoire and Ghana, responsible for more than half of the world's cocoa supply, pushing prices higher.
The latest estimates from the...
Elon Musk's companies, X (formerly Twitter), Starlink and Tesla, are in the spotlight on Wall Street, impacting risk perception and market volatility. X faces blockades in Brazil after refusing to remove profiles linked to the far right, which has led to regulatory tensions that extend to Starlink, whose satellite internet service has been affected by the blocking...
Today, Brent crude oil prices rise on growing supply concerns in the Middle East, especially in Libya and Iraq. Brent futures for October delivery are up 0.5%, trading at $80.33 per barrel, while the November contract is up 0.4% at $79.16. The chart shows the current checkpoint (POC) around $83, with the RSI at 50.03%, signaling balance and possible moves towards...
Money funds have reached an all-time high of $6.24 trillion in assets, evidencing investor caution in the face of an uncertain economic environment. Despite recommendations to rotate into longer duration bonds due to impending interest rate cuts by the Federal Reserve, many investors and companies are keeping their capital in money market funds for safety, with...
Today, Wednesday, investors are watching two key events that could influence the financial markets: Nvidia's (NASDAQ: NVDA) results and Bitcoin (BTC) volatility.
1. Nvidia's results: Nvidia will release its financial results today, with expectations of exceeding $28 billion in revenue. The company is crucial in the semiconductor sector, with its technology...
The Madrid Stock Exchange has recently stood out as the most bullish in Europe in 2024, with the IBEX 35 up 11.5% so far this year. This growth has been driven by expectations of global interest rate cuts and optimism around corporate earnings, especially in the United States. Shares of Spanish companies such as Iberdrola and Inditex have reached record highs,...
