#MarketNews

☀️ Happy Wednesday, dear traders! Today, August 21, we're bringing you the day's most thrilling news highlights:

☄️ Bond traders have reached 23 million Treasury futures contracts, equivalent to about $1.5 billion per basis point, as they bet on Federal Reserve rate cuts before the Jackson Hole symposium.

🥇Gold prices soared to record highs above $2,530 as traders bet on US rate cuts, driven by a weaker dollar and lower Treasury yields.

📉 Warren Buffett continues to sell Bank of America shares, reducing Berkshire Hathaway's stake to 12% after selling $550 million worth of stock. #BAC stock is down 2.47%.

🇬🇧 The UK budget deficit reached £51.4 billion in the first four months of the fiscal year, increasing pressure on the government to raise taxes or cut spending to manage the growing financial gap.

🇨🇭The Swiss National Bank and SIX Stock Exchange have launched an instant payment system that covers 95% of retail transactions. Full bank participation is expected by 2026.

🇯🇵 Japan should target dynamic interest rates and prices to address economic distortions, with public debt at 250% of GDP and potential further rate hikes following the July increase.

🛒 Walmart raised $3.6 billion by selling its stake in JD.com, marking the end of an eight-year partnership and contributing 11% drop in JD.com's Hong Kong-listed shares. #WALMART stock is up 1.11%.

✈️ Stellantis CEO will visit Detroit this week to devise a plan for reversing the company's 40% drop in first-half operating income and 33% decline in vehicle sales in North America. Shares of #STLA.US are up 0.86% in premarket.

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

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#MarketNews

🌥 Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week.

☄️ Bank of America recommends selling gold against silver due to stronger bullish momentum in silver, technical signals favoring silver's growth, and gold's overextended speculative positioning.

🇨🇳 China's factory activity improved slightly in September, with the official PMI rising to 49.8, but it remained in contraction for the fifth consecutive month.

🇬🇧 UK economic growth for the second quarter was revised to 0.5%, indicating a slowing recovery amid cautious consumer spending and financial uncertainty.

🛢 OPEC+ focuses on member compliance with output cuts after postponing a planned production increase of 2.2 million barrels per day until December.

📈 Chinese stocks soared by 9.1% on Monday, marking the biggest rally since 2008 and pushing the CSI 300 into a bull market fueled by government stimulus.

📉 The JP225 slumped by 2.3% as Shigeru Ishiba's unexpected victory in the ruling party's leadership race unsettled investors.

🚗 Stellantis cut its annual outlook, lowering its profit margin forecast to 5.5-7% and industrial free cash flow to -€5 to -€10 billion, citing global market issues. #STLA.US shares are up 2.69%.

📉 In three months, Volkswagen issued its second profit warning, cutting its 2024 vehicle delivery forecast to 9 million units and slashing its operating margin outlook to 5.6%. #VOW stock is down 3.65%.

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

➡️ Start Trading with FBS
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@fbsanalytics

#MarketNews

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

🚗 Shares of European automakers have plunged again, this time following warnings from Stellantis. #STLA.US dropped by 12%.

🛩 According to Reuters, Boeing suppliers fear the strike may impact long-term jobs. #BA shares declined by 2.72%.

🇺🇸 According to Reuters, this week's US Non-Farm Payroll report will test hopes for a "soft landing" of the economy. The UsDollar corrected to 100.80.

🇨🇳 Chinese stocks closed with intense FOMO and greed ahead of the week-long holiday in China starting October 1st, with markets closed for the entire week. HK50 rose to 20,770.

🛢 Reuters' September survey revised 2024 oil price forecasts: Brent at $81.52 (down from $82.86) and WTI at $77.64 (down from $78.82). XBRUSD trades at 71.74.

🇯🇵 Japan's government resigned, with Kishida stepping down amid low ratings and scandals. Shigeru Ishiba is the new Prime Minister.

🔥 European gas prices have risen by 21% over the past nine months, according to ICE data. XNGUSD climbs to 3.05.

📉 According to Bloomberg, currency traders are steering clear of the US dollar as elections approach, with long positions shrinking rapidly. The US Dollar has risen to 100.75.

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