Mon, May 06, 2024
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Mon, May 06, 2024
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Microsoft’s $1B Investment in OpenAI to Rival GooglePayPal’s Strong Start in 2024: $403.9B Payment Volume SurgeSnapchat’s Q1 2024 Revenue Hits $1.2B, Up 9.09%, EPS at $0.03Natural Gas Prices Climb Amid Geopolitical TensionsRay-Ban Meta x Ferrari Smart Glasses Launch at $499
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economy

amazon office

Amazon Joins Dow: A $90.8B AWS Boost & 15.75% Stock Surge

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Quick Look Amazon replaced Walgreens Boots Alliance in the Dow Jones Industrial Average, marking significant index reshuffling. This inclusion aligns with Amazon’s stock split, echoing a trend of tech dominance alongside Microsoft and Apple in the Dow. AMZN leads the cloud infrastructure sector with AWS, showcasing robust financial performance with $90.8 billion in revenue. Jeff …

Amazon Joins Dow: A $90.8B AWS Boost & 15.75% Stock Surge Read More »

European countries vs companies

€18B Boost Amid Bonds in France & Qatar Investment

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Quick Look France announces a €8 billion ultralong bond issuance with a maturity date in May 2055, showcasing strong market confidence. Despite high investor demand, French consumer confidence dips further in February, reflecting ongoing economic concerns. Qatar pledges a substantial €10 billion investment in France’s economy, targeting key future-oriented sectors. In a remarkable show of …

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$218M Odysseus: Lessons from Moon’s Economic Frontier

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Quick Look NASA and Intuitive Machines sponsored the Odysseus Moon Lander. It marks a significant milestone as the first-ever privately owned US lander on the moon since 1972. Odysseus experiences a sideways touchdown due to an uneven lunar surface. However, the mission’s technical challenges offer parallels to navigating the global economy. With a combined investment …

$218M Odysseus: Lessons from Moon’s Economic Frontier Read More »

U.S. economy and Labor Department

Nikkei Peaks, CSI Gains Amid Global Economic Tensions

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Quick Look Asia’s markets open with mixed expectations amid key economic data anticipation. Japan’s Nikkei 225 Index hits a historic peak, reflecting strong investor confidence. China’s CSI 300 Index extends gains, while South Korea’s Kospi faces setbacks. Global trade policies, including Trump’s tariff proposals, pose potential challenges. Upcoming trade meetings in Abu Dhabi to discuss …

Nikkei Peaks, CSI Gains Amid Global Economic Tensions Read More »

Joe Biden and his economic plan

U.S. Economy Grows: 2% GDP & Key Market Surges

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Quick Look The S&P Global composite index indicates a slight economic expansion in February, with manufacturing output at a ten-month high. GDP growth is projected at 2% annually, signalling continued economic expansion. Fed officials highlight optimism and caution, pointing to geopolitical risks and inflation concerns. Mortgage rates have reached a new high since mid-December, potentially …

U.S. Economy Grows: 2% GDP & Key Market Surges Read More »

EU and economy

Eurozone’s PMI at 48.9: Signs of Economic Resilience

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Quick Look Eurozone’s composite PMI rose to 48.9 in February, hinting at a less severe economic downturn. France and Germany’s PMI figures reflect ongoing economic contractions, with France showing slight improvement. Manufacturing output continues to decline, while service sector inflation raises concerns. Germany faces a technical recession, with growth forecasts significantly cut. Upcoming economic data …

Eurozone’s PMI at 48.9: Signs of Economic Resilience Read More »

China and its Dependence on Coal

Metallurgical Coal Price Rockets 40.3% to $315/Ton

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Quick Look Australian metallurgical coal price leaps to $315 per metric ton, marking a 40.3% increase from its 2023 low. India and China exhibit robust import growth, contributing to a dynamic global demand. Australia dominates the global supply, with exports reaching near-record levels in February. The metallurgical coal market faces challenges from environmental concerns and …

Metallurgical Coal Price Rockets 40.3% to $315/Ton Read More »

Basket Trading Strategy: Simplifying Diversified Investments

Basket Trading Strategy: Simplifying Diversified Investments

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A basket trader, in the context of portfolio management, refers to an investment strategy that involves the simultaneous buying or selling of a group of securities. It is important to gather more information about basket trading.  A basket trade usually encompasses the transaction of 15 or more securities, primarily utilized for acquiring stocks. These baskets …

Basket Trading Strategy: Simplifying Diversified Investments Read More »

gas

2024 Global Oil Market: A Dynamic Outlook

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Quick Look Standard Chartered forecasts a significant call on OPEC at 1.8 million barrels per day. OPEC Secretariat estimates even higher at 2.7 million barrels. On-land inventory levels have dropped to their lowest since 2016, indicating tightening market conditions. The U.S. oil data index reveals a close balance between bullish and bearish readings, signalling market …

2024 Global Oil Market: A Dynamic Outlook Read More »

Russia

2.6% GDP Growth: Russia Defies Sanctions in 2024

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Quick Look Russia’s GDP is on the way to grow by 2.6% in 2023, surpassing previous years’ forecasts. The defence and security budget in 2024 constitutes 40% of total expenditure amid rising inflation and labour shortages. Economic resilience is attributed to strategic preparation for financial sanctions and lucrative oil and gas earnings. Sanctions have led …

2.6% GDP Growth: Russia Defies Sanctions in 2024 Read More »

Dollar surged forward

Global Currency Shifts: Dollar Inflation & Yen’s 6% Dive

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Quick Look U.S. inflation remains persistent, complicating the Federal Reserve’s easing cycle timeline. The yen struggles around 150 per dollar, facing a significant yearly decline amidst speculation. The dollar index exhibits resilience, climbing 3% this year amid changing rate cut expectations. Economic indicators highlight ongoing inflationary pressures, with mixed signals from retail sales and jobless …

Global Currency Shifts: Dollar Inflation & Yen’s 6% Dive Read More »

China has set a growth target of more than 6% for 2021

China’s Economy Surges 5%: A Dragon’s Challenge Ahead

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Quick Look China exceeded its modest growth target by over 5% last year. The crisis in the property market, subdued exports, and regulatory pressures on private sectors mark key challenges. Record withdrawals by international investors from Chinese stocks signal waning confidence. Deflation streaks and high debt-to-GDP ratios underline systemic economic pressures. Government strategies aim at …

China’s Economy Surges 5%: A Dragon’s Challenge Ahead Read More »

stock Markets and various factors

China’s Markets Rise & Pivot Amid Global Strains

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Quick Look CSI 300 Index sees a 0.5% rise as markets reopen post-Lunar New Year, with tourism stocks up by 1.2%. People’s Bank of China holds the policy rate at 2.5%, signalling stability amidst economic recalibrations. Global markets exhibit mixed responses, highlighting the interplay of economic policies and geopolitical tensions. Thailand’s economy contracts, fueling rate …

China’s Markets Rise & Pivot Amid Global Strains Read More »

The U.S. current account deficit hit 14-year high in Q1

Divergent Global Recoveries: U.S. Thrives, Others Struggle

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Quick Look Japan and the UK entered technical recessions with negative GDP growth for two consecutive quarters. Germany’s economy also reports consecutive quarterly declines in GDP. China’s economic slowdown, particularly in its property sectors, raises concerns. The U.S. economy showcases resilience with strong credit-driven consumption despite a decline in January retail sales. The global energy …

Divergent Global Recoveries: U.S. Thrives, Others Struggle Read More »

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