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2024-01-25 16:12:21
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European Financial Markets React to ECB Decision on Interest Rates – STM, Snam, and Banks in Focus
The central institution did not change interest rates. STM limits flexion. Snam and banks are also in the red. Important insights among MidCap companies. The major Italian Stock Exchange indices and the main European financial markets recorded fractional declinesfollowing monetary policy decisions of the ECB. The central institute decided not to change interest rates, confirming […]
The post European Financial Markets React to ECB Decision on Interest Rates – STM, Snam, and Banks in Focus appeared first on World Today News.
https://www.world-today-news.com/european-financial-markets-react-to-ecb-decision-on-interest-rates-stm-snam-and-banks-in-focus/
European Central Bank Interest Rate Decision and Economic Analysis 2024
2024-01-25 16:24:00 Last update: 25.01.2024 | 18:24 Related topics: The European Central Bank left the interest…
The post European Central Bank Interest Rate Decision and Economic Analysis 2024 appeared first on TIme News.
https://time.news/european-central-bank-interest-rate-decision-and-economic-analysis-2024/
New Income, tomorrow check only for 288 thousand families
ROMA – Surprise tomorrow only 288 thousand families, former recipients of the citizen’s income, will be able…
The post New Income, tomorrow check only for 288 thousand families appeared first on Breaking Latest News.
https://www.breakinglatest.news/business/new-income-tomorrow-check-only-for-288-thousand-families/
Netflix Raises Prices and Phases Out Basic Ad-Free Plan in Some Countries
Netflix aggressively cracked down on non-resident shared accounts last year, and this year it has raised hidden prices once more, announcing that it will be phasing out the “basic ad-free plan” in some countries that provide advertising plans. Canada and the United Kingdom will be the first to implement them in the second quarter of this […]
The post Netflix Raises Prices and Phases Out Basic Ad-Free Plan in Some Countries appeared first on News Directory 3.
https://www.newsdirectory3.com/netflix-raises-prices-and-phases-out-basic-ad-free-plan-in-some-countries/
2024-01-25 15:43:10
Published on: 01/25/2024 – 4:43 p.m. Modified on: 01/25/2024 – 4:41 p.m.
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Around 3:25 p.m. GMT, the Dow Jones gained 0.49%, the Nasdaq index gained 0.59% and the broader S&P 500 index gained 0.54%. The S&P 500 remains on four records in a row.
Growth reached 3.3% in the fourth quarter at an annual rate, well above the 2% expected by economists, supported by consumption.
But operators above all noted the confirmation of a moderation in inflation, which stood at 2% at an annual rate over the quarter, excluding energy and food.
“It’s the perfect mix of solid consumption and decelerating inflation,” responded Jamie Cox of Harris Financial Group. “That’s exactly what you hope for if you’re the head of the Fed and you’re thinking regarding cutting rates this year.”
For the analyst, “the path is in sight” for a soft landing of the American economy.
The New York market also paid attention to the surge in new weekly unemployment registrations, the highest in a month.
“This suggests that the labor market is losing momentum, even marginally, which is important because we expect (…) that wages will stabilize,” commented Quincy Krosby of LPL Financial.
A sign that this series of data has not changed the central scenario adopted by Wall Street, bond rates have relaxed, despite the unexpected growth figure.
The yield on 2-year US government bonds, the most representative of market expectations in terms of monetary policy, stood at 4.33%, compared to 4.38% the day before at closing.
Operators now attribute almost the same probability to a reduction in the key rate from March as to a status quo, while the latter still largely prevailed on Wednesday (59%).
On the stock market, Tesla was harshly sanctioned (-10.02%) following warning that its growth this year would be “significantly lower” than that of 2023. The manufacturer published, Wednesday following the stock market, results below the expectations, penalized by repeated price drops.
Chief Executive Elon Musk said the company was in a transition phase before the launch, expected in the second half of 2025, of a new consumer vehicle priced lower than the brand’s existing models.
Investors welcomed the results of American Airlines (+8.97%), whose profit, modest ($19 million), was reduced by exceptional items and nevertheless came out above expectations. The company was spared by the 737 MAX 9 saga and was pleased with a low cancellation rate over the past financial year.
The companies Alaska Airlines (+3.69%) and United Airlines (+4.57%), which have the largest fleets of 737 MAX 9s, moved forward following the American civil aviation regulator, the FAA, defined a protocol which should allow the resumption of flights of these aircraft, three weeks following a major in-flight incident.
Boeing, on the other hand, was battered (-5.76%), following the FAA, in the same communication, indicated that it would not authorize an increase in the rate of production of the 737 MAX until further notice.
IBM soared (+10.99%) following publishing results which surpassed analysts’ projections. The group reported strong demand for its Watsonx generative artificial intelligence (AI) platform.
The cable operator Comcast was sought following (+5.00%) following reporting better than expected results, driven in particular by the film studio Universal, which benefited from several box office successes.
The specialist in chemicals and synthetic materials Dow paraded (+3.56%) thanks to results higher than forecasts and encouraging words for 2024. The group sees “positive signals” in the sectors of construction, automotive and consumer electronics.
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2024-01-25 14:43:15
(Photo: 123RF)
MARKET REVIEWS. The European stock markets fell on Thursday, nervous before the announcements from the European Central Bank, while on Wall Street, Tesla might weigh down the trend following its results below expectations.
Futures contracts Dow Jones dropped -3.00 points (-0.01%) to 37,976.00 points. Futures contracts S&P 500 posted an increase of +2.25 points (+0.05%) to 4,900.25 points. Futures contracts Nasdaq increased by +22.75 points (+0.13%) to 17,643.75 points.
In London, the FTSE 100 dropped -14.19 points (-0.19%) to 7,513.48 points. In Paris, the CAC 40 decreased by -41.72 points (-0.56%) to 7,413.92 points. In Frankfurt, the DAX fell by -82.72 points (-0.49%) to 16,807.20 points.
In Asia, the Nikkei of Tokyo increased by +9.99 points (+0.03%) to 36,236.47 points. For his part, the Hang Seng of Hong Kong advanced +312.09 points (+1.96%) to 16,211.96 points.
On the oil side, the price of a barrel of American WTI rose by +US$0.74 (+0.99%) to US$75.83. The barrel of North Sea Brent increased by +US$0.74 (+0.92%) to US$80.78.
Shares of American electric vehicle manufacturer Tesla fell 8% in pre-opening electronic trading. Its net profit, excluding exceptional tax benefits, stood at 2.48 billion US dollars (-39% over one year), well below the forecast of 2.69 billion from analysts surveyed by FactSet.
The manufacturer also warned that the rate of growth in volumes might be “significantly lower” during the current financial year compared to that recorded in 2023.
The session will be animated by the meeting of the European Central Bank (ECB), the publication of the first estimate of American growth in the fourth quarter of 2023 and company results.
For the third time in a row since October, the Frankfurt monetary institution is expected to keep its rates unchanged, but what will mainly interest investors is whether ECB members begin to discuss a timetable for lowering interest rates. rate.
Several ECB central bankers have said the chances are low that the Frankfurt institution will ease its monetary policy before the summer.
The President of the ECB, Christine Lagarde, considered a rate cut “likely” during this period, while emphasizing the importance of “data” still to come, in particular on the evolution of prices or wages.
“The increase in inflation in December provides a good reason for the ECB not to give in and to signal that it is not rushing to cut its interest rate at the next meeting,” underlines Neil Wilson, analyst by Finalto.
As for the gross domestic product (GDP) of the United States, it should increase slightly.
“The idea that the Federal Reserve would cut its rates before the ECB when Europe is probably in recession and the American economy is growing at a reasonable pace (…) seems rather counterintuitive when you think regarding it,” notes Michael Hewson, CMC Markets analyst. The markets hope to see the American central bank make a first rate reduction in March.
In the bond market, interest rates on sovereign debt have been very volatile since December in the face of changing expectations regarding the evolution of interest rates.
The yield on the ten-year German government bond stood at 2.35%, compared to 2.34% at Wednesday’s close.
On the Asian markets side, the Hong Kong (+1.96%) and Shanghai (+3.03%) stock markets continued to benefit from the announcements of new measures announced the day before by Beijing to support the economic recovery in China.
“The good news,” according to Swissquote Bank analyst Ipek Ozkardeskaya, is that China seems “ready to do whatever is necessary to reverse the trend of economic slowdown.”
Wizz Air unscrews
The low-cost airline Wizz Air lost 3.57% in London, following publishing an increased operational loss for the last three months of 2023, in particular because of the impact of the suspension of journeys to Israel following the start of the conflict with Hamas.
Oil prices continue to rise Thursday following a larger-than-expected reduction in U.S. crude inventories last week.
The barrel of Brent for delivery in March was worth US$81.08, up 1.31% and the American WTI US$76.23, up 1.50%.
The euro was stable (+0.04%) once morest the dollar at US$1.0889.
The bitcoin took 1.07% to US$40,190.
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