#MarketNews

🌤 Happy Thursday, dear traders! Let's check the news moving the financial markets today:

⚡️ Economists see Donald Trump's anti-inflation plan, which includes a 15% corporate tax rate, 10-60% tariffs, and immigration curbs, as potentially worsening inflation.

🇪🇺 The European Central Bank is expected to keep interest rates unchanged at 3.75% on Thursday, awaiting further data before considering another rate cut in September.

🇬🇧 UK wage growth fell below 6% for the first time in 20 months, indicating a weakening labor market as the Bank of England considers cutting interest rates.

☄️ Gold prices reached record highs, helped by expectations of lower interest rates in the US and demand for a haven amid deteriorating trade relations between the US and China.

💬 Novartis raised its 2024 profit forecast due to strong demand for its new blockbuster drugs. It expects core operating income to grow in the mid-to-high teens, with second-quarter core earnings per share rising to $1.97. #NVS stock is up 0.16%.

📈 TSMC raised its full-year revenue growth forecast above the previous mid-20% maximum, projecting up to $23.2 billion this quarter after a 36% rise in quarterly net income driven by the AI boom. Shares of #TSM fell 2.43%.

✈️ United Airlines forecast adjusted earnings to $3.25 per share in the current quarter, below analysts' expectations. The company plans to cut domestic capacity by 3%. Shares of #UAL are trading at 46.94.

⚫️ Blackstone Inc. is upping its commercial mortgage bond offering size to $2.95 billion, from an initial $2 billion, to fund part of its $10 billion acquisition of AIR Communities. #BX stock is down 1.58%.

That's it for today, guys! Click on 👍 if you liked our review, and see you soon!

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#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

🇨🇳 Chinese regulators ordered Jiangxi rural banks not to settle recent bond purchases as yields dropped to a record low of 2.12%, aiming to curb excessive interest-rate risk exposure.

🛢 Oil prices surged over 3% Monday due to fears of conflict in the Middle East, impacting the region's oil supply stability.

🇯🇵 JP225 surged 3.45% Tuesday, leading Asia-Pacific markets as tech and financial stocks boosted gains ahead of US inflation data.

🇬🇧 The UK is reviewing its 7 a.m. pre-market data releases, implemented in 2020, amid concerns that they fuel volatility and reduce liquidity in bond and interest-rate markets worth trillions of pounds.

🚗 Porsche SE, leveraging its strong finances, plans more investments, including a recent 35% stake in Flix SE, due to attractive market conditions. #PAH3 stock is down 0.03%.

💰 Middle Eastern sovereign wealth funds, managing nearly $4 trillion, are pressuring Wall Street firms like Blackstone to reduce fees and increase local investments to win their capital. Shares of #BX are down 1.26% today.

📉 A record 131,200 people left New Zealand in the year ending June 2024, driven by rising unemployment, high interest rates, and sluggish economic growth. NZDUSD trades at 0.6037.

™️ Donald Trump and Elon Musk's interview on X, marred by a 40-minute delay due to tech issues, attracted over 1.3 million listeners.

That's it for today, guys! Click on 👍if you liked our review, and see you soon!

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