#MarketNews

👋 Hello, dear traders! Today is Thursday, February 8, 2024. Let's quickly delve into the key financial highlights of the day:

☄️ Morgan Stanley has been fined for leaking information about blockchain trading to favored clients. This case highlights the complex interplay between privacy, market fairness, and legal boundaries in financial trading.

🔔 The German court ruled, setting Intel (#INTEL) in patent mode by prefacing some chips with the R2 semiconductor overvoltage regulator. Intel shares fell 0.2%.

➡️ Disney (#DISNEY) reported better-than-expected earnings, buoyed by cost cuts and theme park success, despite mixed results in streaming and media, and announced a bullish profit outlook and strategic investments. Shares rose 6.71%.

🇰🇪 Kenya launched a $2 billion bond buyback and announced plans for a new bond sale to refinance debt as yields on existing Eurobonds fell significantly.

🇨🇳 China's passenger car sales fell 14.1% in January from the previous month, while sales of battery electric vehicles fell 37% amid ongoing price wars between automakers.

✨ Siemens (#SIE) beat first-quarter profit expectations thanks to solid performance from its Mobility and Smart Infrastructure divisions amid the global economic slowdown. Siemens shares rose 0.47%.

🔥 Microsoft (#MICROSOFT) has partnered with Indian startup Sarvam AI to develop voice-based generative artificial intelligence tools. Microsoft shares jumped 2.11% after the news.

🛢 Oil prices rose thanks to gains in global stocks and tensions in the Middle East. Brent crude approached $80, marking the longest winning streak since September amid geopolitical risks and OPEC+ supply cuts.

🥇 Gold prices remain between $2,000 and $2,050, awaiting further cues on interest rates amid robust US economic data and hawkish comments from the Federal Reserve.

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

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#MarketNews

☀️ Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's look at our end-of-week news:

⚡️ A resurgence in the yen led to a 1.78% drop in the JP225 index, impacting broader global equity recovery despite positive US jobless claims data.

🌐 Yesterday, the S&P 500 rose by 2.3%, its most substantial daily gain since November 2022, with such increases occurring only 3.36% of the time since 1994.

🇬🇧 The Bank of England's rate cut has left the pound vulnerable, contributing to a significant drop of over 2% from its July high of $1.30, reflecting intensified market recalibration.

🇨🇭 The Swiss franc has surged approximately 5% since May, reaching its highest level in nearly 10 years. This surge was driven by strong safe-haven demand amidst global market volatility.

🇨🇳 China's consumer inflation rose by 0.5% in July, driven mainly by seasonal weather rather than increased demand, underscoring persistent concerns about weak domestic consumption.

📈 TSMC's revenue surged 45% in July to NT$256.95 billion ($7.9 billion), driven by robust demand for AI chips, suggesting potential outperformance against its projected third-quarter growth of 37%. #TSM stock is up 6.13%.

💬 According to JPMorgan, three-quarters of global carry trades have been unwound, resulting in a significant 10% decline in returns since May and erasing the gains accumulated earlier this year.

🏰 Disney plans to invest $5 billion over the next five years in film and TV production across the UK, Europe, the Middle East, and Africa, allocating at least $1 billion annually. Shares of #DISNEY rose 0.30%.

❓How was your trading week? Share your opinion in the comments.👇

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