#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

🇺🇸 Congress has approved temporary funding to prevent a partial US government shutdown, with measures extending funds for specific departments until March 8 and others until March 22 while longer-term funding agreements are negotiated.

🇨🇳 Industrial activity in China slows down as weak demand hinders growth, with the manufacturing PMI contracting for the fifth consecutive month in February and mixed data indicating an uneven recovery.

💬 UBS analysts predict a 20% increase in the S&P 500 index in 2024, partially due to the impact of generative artificial intelligence technology.

🔥 Microsoft (#MICROSOFT) introduced an AI chatbot designed for financial professionals capable of working with Excel spreadsheets and the Outlook email manager. The stock is up 1.45%.

🥇 Gold is set for its highest close in a month, trading above $2,046 an ounce, following the Federal Reserve's inflation report that aligns with expectations, suggesting the possibility of interest rate cuts later this year.

⚡️ Deutsche Bank (#DBK) intends to file a lawsuit in Hong Kong to liquidate Chinese real estate developer Shimao Group over unacceptable debt restructuring terms. The bank shares are down 0.27% today.

📌 OpenAI, the creator of ChatGPT, plans to appoint new board members in March, ending a stalemate since the brief firing of CEO Sam Altman, as it seeks experts in technology, safety, and policy.

🇯🇵 Japan's tight labor market, with the unemployment rate dropping to its lowest in four years at 2.4%, continues to exert intense upward pressure on wages as companies negotiate annually with labor unions.

🇸🇪 Swedish bankruptcies surged by 62% in February, marking the worst month in three decades since the early 1990s financial crisis, impacting sectors like hotels, restaurants, and construction most severely.

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#MarketNews

☀️ Happy Wednesday, dear traders! Today, July 24, we're bringing you the day's most thrilling news highlights:

🇯🇵Japan's economy is showing mixed signals, with a rise in service sector PMI to 53.9 and a contraction in manufacturing activity to 49.2 ahead of the BOJ meeting.

🇨🇳 Goldman Sachs reports that China is likely conserving fiscal resources to mitigate potential economic fallout if Donald Trump, who has threatened 60% tariffs on Chinese imports, wins the US presidency​.

🇨🇦 The Bank of Canada is expected to cut interest rates for a second consecutive meeting to 4.5% to avoid a recession while managing inflation risks.

🚗 Tesla reported its fourth consecutive quarter of disappointing profits at $0.52 per share, with revenue at $25.5 billion and #TESLA shares dropping 8%. CEO Elon Musk urges patience as new products are delayed.

📊 Google reported Q2 earnings of $1.89 per share on $84.74 billion revenue, beating estimates, but YouTube ad revenue fell short. #GOOGLE stock is up 0.14%

🧡 Orange SA reported a 0.9% rise in Q2 revenue to €9.99 billion after resisting price cuts. French revenue gained 0.3%. Shares of #ORA rose 1.54 %.

🇩🇪 Deutsche Bank posted its first loss in four years, with a net loss of €143 million in Q2 after setting aside €1.3 billion for a lawsuit over its Postbank acquisition​​​​. #DBK stock is down 7.22%.

☄️ African nations, including South Sudan, Zimbabwe, and Nigeria, are increasing their gold reserves to protect against currency losses amid rising geopolitical tensions.

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

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☀️ Happy Wednesday, dear traders! Today, October 23, we're bringing you the day's most thrilling news highlights:

☄️ The IMF projects global growth at 3.2% for 2024, with inflation expected to fall from 9.4% in 2022 to 3.5% by the end of next year, but warns of risks from geopolitical conflicts and fiscal instability.

🇩🇪 Deutsche Bank plans to restart buybacks after trading revenue rose 11% and advisory income jumped 24%, offsetting higher loan-loss provisions and a 3% drop in corporate banking. #DBK stock is down 2.54%.

🇪🇺 ECB policymakers are debating whether to lower rates below neutral as weak growth threatens inflation, which is now projected to fall below the 2% target.

📣 JPMorgan predicts US stocks will return 6.7% annually over the next 10-15 years, while Goldman Sachs warns of a much lower 3% return due to high valuations and rising Treasury yields.

✂️ Starbucks (#SBUX) shares dropped over 3% after the company reported a 7% decline in same-store sales and suspended its 2025 outlook.

#MarketNews

📆 CALENDAR FOR TODAY - 2024.10.23

🔥 Wednesday:

🇨🇦 BOC Monetary Policy Report - 16:45 GMT+3
🇨🇦 BOC Rate Statement - 16:45 GMT+3
🇨🇦 Overnight Rate - 16:45 GMT+3
🇨🇦 BOC Press Conference - 17:30 GMT+3
🇬🇧 BOE Gov Bailey Speaks - 21:45 GMT+3

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

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@fbsanalytics