CAC 40 index hits key price as LVMH, Hermes, Kering stocks lead
The CAC 40 index soared this week, thanks to ongoing stimulus measures by the Chinese government and actions by the Federal Reserve and the European Central Bank (ECB). It soared…
FTSE MIB forms a rare bullish pattern; is an all-time high coming?
Italian stocks bounced back this week as investors embraced a risk-on sentiment. The blue-chip FTSE MIB index rose to a high of €34,400, its highest point since July 24. It…
Steel rebar futures jump to CNY 3,170: Chinas’ stimulus measures boost market optimism
In September, the futures for steel rebar experienced a notable increase, reaching CNY 3,170 per tonne. This spike represented the highest price seen in a month, largely driven by the…
US GDP grows 3% in Q2 2024: private inventory investment drives upward adjustment
In the second quarter of 2024, the US economy expanded at a 3% annualized rate, demonstrating its resiliency. This figure is consistent with the prior estimate and represents a significant…
China’s industrial profits fall 17.8% in August amid weak economic growth and property slump
China’s industrial profits plunged 17.8% in August compared to the previous year, signaling growing concerns over the country’s economic slowdown. The sharp decline, reported by the National Bureau of Statistics…
Chinese stocks soar, posting best weekly gains since 2008 amid stimulus optimism
Chinese stocks surged on Friday, on track to close their best week since the 2008 global financial crisis, driven by optimism over new government stimulus measures. The CSI 300 Index,…
Chinese stocks soar, posting best weekly gains since 2008 amid stimulus optimism
Chinese stocks surged on Friday, on track to close their best week since the 2008 global financial crisis, driven by optimism over new government stimulus measures. The CSI 300 Index,…
FTSE MIB forms a rare bullish pattern; is an all-time high coming?
Italian stocks bounced back this week as investors embraced a risk-on sentiment. The blue-chip FTSE MIB index rose to a high of €34,400, its highest point since July 24. It…
China’s New World Development shares up 23% after CEO resignation: here’s why
Shares of Hong Kong’s major property developer New World Development surged by 23% after the unexpected resignation of CEO Adrian Cheng, a prominent figure from the company’s founding family. The…
IBEX 35 just soared to a record high: more upside ahead?
Spanish stocks are firing on all cylinders. The closely followed IBEX 35 index has risen for three consecutive weeks, rising to a record high of €12,000, bringing the year-to-date gains…