#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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