The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at “artificially low prices.” The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result. According to SEC rules, investors …
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Markets look ahead: US CPI and China’s GDP in the Spotlight
This week, attention will centre on inflation data from major economies, including the US, EU, and UK. Additionally, China’s forthcoming release of its Gross Domestic Product (GDP) growth figures for the final quarter will be a critical gauge for its economic trajectory. ADVERTISEMENT The European stock markets outperformed global peers last week, buoyed by expectations of a more accommodative monetary …
Read More »Rising energy and metal prices boost European stock markets
European stock markets outperformed their global counterparties this week, driven by the energy sector’s strong gains. ADVERTISEMENT Global stock markets are mixed this week with Wall Street on a retreat, and the European equities broadly higher. While surging government bond yields weighed down the US stock markets, rising energy and metal prices have buoyed the European counterparties. However, currencies moved …
Read More »Markets react to Germany’s surprise inflation climb to 11-month high
Germany’s inflationary pressures resurged strongly in December, exceeding forecasts and reaching an 11-month high, with latest data signalling a persistent challenge for policymakers at the European Central Bank. ADVERTISEMENT Germany’s inflation figure hit 2.6% in December, its highest level in 11 months and surpassing forecasts of 2.4%. Core inflation edged up to 3.1%. Markets reacted as Bund yields hit 2.45% …
Read More »Challenges facing European markets set to persist through 2025
Europe will continue facing challenges in 2025 amid domestic political uncertainties and global events, such as Trump’s tariffs threats and China’s slowdown. These factors are likely to continue weighing on market performance, particularly in the car manufacturing and banking sectors. ADVERTISEMENT The European stock markets have broadly underperformed their global peers, particularly Wall Street throughout the year. Several factors have …
Read More »Turkey’s Central Bank surprises markets with sharp rate cut
The Central Bank of the Republic of Turkey (CBRT) has cut its benchmark one-week repo rate by 250 basis points, bringing it down to 47.5%. The move exceeded economists’ forecasts of a 150-basis-point reduction and marked a shift in monetary policy after eight consecutive meetings. ADVERTISEMENT The decision comes amid a consistent decline in inflation, with November’s annual consumer price …
Read More »Festive rally for European markets? 10 stocks to watch for Christmas
December often sees robust equity market gains, particularly in the second half. Seasonal optimism, portfolio rebalancing, and reduced volatility make it one of the strongest periods for European stocks, especially during U.S. election years. ADVERTISEMENT The holiday season isn’t just a time for gifts and celebrations; it’s also one of the most promising periods for equity markets. The so-called Santa …
Read More »Weekly recap: Markets in sea of red as the Fed dims Santa Rally hopes
Global markets are set to end the week lower following the Fed’s hawkish rate cut on Wednesday, which sent government bond yields soaring, draining liquidities. ADVERTISEMENT Global stock markets ended Thursday in a sea of red following the Fed’s hawkish pivot, leading to a broad-based selloff not seen since August. The souring sentiment caused major benchmarks on both sides of …
Read More »European stock markets hit by Germany and France’s political upheavals
The euro has plunged against the dollar since November amid Trump’s victory in the US election, falling to 1.0330 at a two-year low on 22 November amid an unexpected contraction in the eurozone’s services sector. ADVERTISEMENT The equity markets across Europe kicked off the week on a negative note amid ongoing political turmoil in Germany and France. The German DAX …
Read More »European markets may face pressure following weak Chinese data
China reported disappointing retail sales data for November, underscoring ongoing challenges with sluggish consumer demands. The data will likely weigh on the European stock markets, particularly in consumer, energy, and mining sectors. ADVERTISEMENT After ending last week on a negative note, European stock markets are expected to remain under pressure following disappointing Chinese retail sales figures released on Monday. Retail …
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