#MarketNews
βοΈ Happy Wednesday, dear traders! Today, June 12, we're bringing you the day's most thrilling news highlights:
βοΈ Businesses and consumers, expecting rate cuts, are delaying purchases because the Fed is keeping rates at a 23-year high. Capital investments are dropping from 6.7% to 3.9%, and bankruptcy cases are up 40%.
π₯ China's central bank is expected to resume gold purchases if prices drop to $2,200 per ounce from the current $2,300, following 18 months of consecutive buying.
π Apple's (#APPLE) stock surged 7.3% Tuesday, adding $215 billion to its market cap, bringing it closer to surpassing Microsoft as the largest US company.
πͺ KKR raised an A$500 million private credit loan from Blackstone and Goldman Sachs Asset Management to fund its acquisition of Perpetual Ltd.'s corporate trust unit. KKR (#KKR) shares are up 1.16%.
π Oracle's (#ORACLE) stock surged over 9% after strong results and new deals with Microsoft and OpenAI, with cloud unit sales expected to grow by 50%.
π¨π³ China's falling export prices are helping many countries fight inflation, but the US isn't benefiting due to weakening trade ties and higher tariffs.
π This week, Tesla shareholders will vote on restoring Elon Musk's $56 billion pay package, which could significantly impact the company's stock price. Tesla (#TESLA) stock is down 1.80%.
π©πͺ German inflation was confirmed at 2.8% in May, up from 2.4% in April, driven by higher service prices.
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π Apple's (#APPLE) stock surged 7.3% Tuesday, adding $215 billion to its market cap, bringing it closer to surpassing Microsoft as the largest US company.
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#MarketNews
βοΈ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:
β‘οΈ Morgan Stanley predicts the euro will fall 7% to near parity with the dollar by year-end as the European Central Bank accelerates rate cuts to combat economic weakness.
π¨π³ China's $6.5 trillion stock market rout worsens Xi Jinping's economic challenges as declining equities and deflation erode confidence.
π Apple launched the iPhone 16, banking on future AI features to boost demand and sustain its flagship product, which generates about 50% of its annual revenue. #APPLE stock is up slightly by 0.04%.
π₯ Top oil traders are facing diminished profits as market volatility, fueled by events like COVID-19 and the Russia-Ukraine war, subsides. Oil prices are on track for their narrowest range since 2004.
π Despite a slight slowdown from July's growth rate, TSMC's August revenue surged 33%, driven by strong demand for AI chips. #TSM stock is up 3.80%.
π― Platinum is set for a record deficit of over 1 million ounces in 2024, yet prices have been slow to recover despite rising demand from ETFs and China.
π #ORACLE shares surged 9% after the company reported better-than-expected profits and a 21% rise in cloud revenue, driven by growing AI demand and a new cloud agreement with Amazon Web Services.
π #ALIBABA (+0.32%) shares outperform the broader Hong Kong Tech Index after securing a primary listing in Hong Kong, which could attract billions of dollars from Chinese investors.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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#MarketNews
βοΈ Happy Wednesday, dear traders! Today, October 2, we're bringing you the day's most thrilling news highlights:
πͺπΊ ECB's Martins Kazaks leans toward an October rate cut, with markets seeing a nearly 90% chance of a move on October 17 due to growing economic risks
π―π΅ Japanese investors are gradually unwinding their $4.4 trillion carry trade, shifting Β₯28 trillion ($192 billion) into domestic bonds as the interest rate gap with foreign markets narrows.
π’ Oil prices have surged by over 5% due to fears of supply disruptions after Iran launched a ballistic missile attack on Israel in response to the killing of key figures.
π #NIKE withdrew its full-year guidance and postponed its investor day as it prepares for a CEO transition. This follows a mixed fiscal quarter in which revenue fell 10% to $11.59 billion, with shares dropping 5% in extended trading.
π± The Philippines has imposed a 12% value-added tax on Netflix, which is expected to generate 79.5 billion pesos ($1.4 billion) in revenue over the next four years. #NETFLIX shares are down 0.44%.
π Oracle plans to invest $6.5 billion to establish a cloud services hub in Malaysia, marking its latest push into Southeast Asia's growing AI infrastructure market.#ORACLE stock is down 1.90%.
π₯€ PepsiCo is acquiring tortilla chip maker Siete Foods for $1.2 billion, marking its first food acquisition in five years. Shares of #PEPSICO were up 0.78%.
π General Motors reported a 2.2% decrease in third-quarter sales, but EV sales surged by 60%, making up 4.9% of total sales, with #GM stock closing at $32.50, down 1.2%.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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#MarketNews
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