#MarketNews

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

☄️ The ECB is expected to cut rates by 25bps to 3.5% but remains cautious about further actions amid sticky inflation and a weakening economy.

💬 JPMorgan maintains its forecast for a 50bp Fed rate cut next week despite the CPI report and a weakening labor market, while JPM Asset Management favors a 25bp cut.

🇨🇳 China has urged its carmakers to keep key EV technology within the country, encouraging the export of knock-down kits for local assembly in foreign markets like India and Turkey.

💵 Commerzbank is preparing a defense strategy against a potential takeover by UniCredit, which recently disclosed a 9% stake, and has hired Goldman Sachs as its defense adviser. #CBK stock is up 16.59%.

🔥 Intel faces difficult choices as its strategy to regain relevance nears its limit. The company has shrinking sales, a 60% stock drop, 15,000 job cuts. #INTEL shares up 3.48% today.

⛽️ European gas prices fell 1.9% as Ukraine's gas nominations signaled expected flows, easing supply concerns after a 2.4% price jump on Wednesday.

💡 BlackRock and Partners Group are collaborating to offer retail investors access to private markets through a diversified portfolio, aiming to capitalize on the $1 trillion annual growth in private markets. Shares of #BLK fell 0.76%.

📱Despite internal discussions, Google kept its 20% ad exchange fee, as revealed in the US antitrust trial, accusing it of overcharging $36-$37 per $100 spent. #GOOGLE stock is up 1.68%.

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#MarketNews

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

🥇 Gold prices surged to a record high of $2,638.31 an ounce, driven by optimism over US interest rate cuts and global economic uncertainty.

☄️ Federal Reserve officials left the possibility open for another large interest-rate cut following their recent half-percentage point reduction.

🇨🇳 China's central bank introduced a stimulus package, including a 0.2 percentage point cut to policy rates, a 0.5 percentage point reduction in the reserve requirement ratio, and ¥800 billion in liquidity support.

🇦🇺 The Reserve Bank of Australia left its cash rate unchanged at 4.35%, emphasizing the need to maintain restrictive policy as inflation remains above target.

🇯🇵 BOJ Governor Kazuo Ueda signaled no rush to raise rates beyond 0.25%, stressing the need to assess global risks and market conditions before further hikes.

📈 #TESLA stock has surged 36% in the past three months, and with buy-side investors expecting over 450,000 deliveries next week, there is optimism for further gains.

❎ Chancellor Olaf Scholz condemned UniCredit's move to raise its stake in Commerzbank to 21%, calling it an "unfriendly" and inappropriate approach without consultation. #CBK stock is up 0.91%.

🛩 Boeing proposed a final offer with a 30% pay increase over four years to over 32,000 striking workers, but the union rejected a vote, citing unmet demands on retirement and wages. #BA stock is up 1.96%.

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics