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2023-07-04 19:08:59
INSEE and Iedom presented on Friday the key figures for the territory’s economy for the year 2022 and trends for the first quarter of 2023. The economic recovery remains present despite inflation.
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2023-07-14 14:47:00
The Dow Jones Industrial Average rose at the open, 30.19 points
Dubai – Al Arabiya.net
Posted on: July 14, 2023: 06:47 PM GST Last updated: July 14, 2023: 07:10 PM GST
The main indices on Wall Street opened higher today, Friday, following 3 of the largest banks in the United States, including JPMorgan Chase and Wells Fargo, kicked off the season of second-quarter earnings announcements with strong results.
The Dow Jones Industrial Average rose at the open, 30.19 points, or 0.09%, to 34,425.33 points.
The Standard & Poor’s index opened up 4.57 points, or 0.10%, to 4,514.61 points, according to Archyde.com.
While the Nasdaq Composite Index increased by 28.09 points, or 0.20%, to 14,166.66 points at the open.
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2023-07-14 14:09:07
(Photo: Getty Images)
MARKET REVIEWS. European stocks are moving in mixed order on Friday, following a week of gains and signs of slowing inflation in the United States, the market hoping that the American central bank will not go beyond a final increase in its policy rate.
The futures contracts Dow Jones increased by +153.00 points (+0.44%) to 34,743.00 points. The futures contracts S&P 500 advanced by +5.25 points (+0.12%) to 4,548.75 points. The futures contracts Nasdaq fell by -2.75 points (-0.02%) to 15,708.75 points.
In London, the FTSE 100 collected +28.24 points (+0.38%) to 7,468.45 points. In Paris, the CAC 40 increased by +27.46 points (+0.37%) to 7,397.26 points. In Frankfurt, the DAX yielded -5.92 points (-0.04%) to 16,135.11 points.
In Asia, the Nikkei of Tokyo closed down -28.07 points (-0.09%) at 32,391.26 points. For his part, the Hang Seng Hong Kong rose by +63.16 points (+0.33%) to 19,413.78 points.
On the oil side, the price per barrel of American WTI was down -0.06$ (-0.08%) to 76.83$. The barrel of North Sea Brent fell -0.05$ (-0.06%) to 81.31$.
Global equities, measured by the MCSI World index, are experiencing their best week since the end of March.
Investors are delighted with the slowdown in inflation as well as the drop in producer prices in June in the United States, according to indicators published on Wednesday and Thursday.
These data reassure the markets, which are closely following the monetary policy decisions of the American central bank which, since March 2022, has been trying to bring inflation back to around 2% through rate hikes.
While the likelihood of another 25 basis point rate hike from the U.S. central bank (Fed) at the next July meeting “hasn’t changed much, the odds of another hike occurring beyond are now less certain,” continues Ipek Ozkardeskaya.
However, a senior Fed official, Christopher Waller, said Thursday that he was in favor of two further interest rate hikes, one in July and the other before the end of the year.
The Swedish telecom equipment giant Ericsson announced losses for its second quarter on Friday, while its Finnish competitor Nokia has revised its 2023 forecasts downwards due to a slowdown in their main market, the construction of 5G networks.
On the Helsinki Stock Exchange, the Nokia title fell by 7.81%. On the Stockholm Stock Exchange, the Ericsson title lost 8.33%.
Oil prices hesitated on Friday, the two global benchmarks catching their breath following their rise of the week, between the return of investors’ appetite for risk and questions regarding demand.
A barrel of Brent from the North Sea for September delivery lost some 0.13% to US$81.25. Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery in August, fell just 0.11% to 76.80 dollars.
The two world crude benchmarks, however, were moving close to their highest levels in two and a half months.
The euro still gained some ground once morest the dollar on Friday following several signs of slowing inflation in the United States, while in the euro zone, the European Central Bank (ECB) says it wants to continue its monetary tightening.
The euro was stable (-0.07%) at US$1.1218, following rising to US$1.1245, a high since February 2022. Over the week, the single currency gained nearly 2.5% , taking advantage of the slowdown in inflation in the United States.
On Friday, bitcoin dropped 0.88% to US$31,110 following hitting its highest level in thirteen months the day before.
On Thursday, the publication of a judgment contrary to the American market regulator, the SEC, in which some see a favorable precedent for cryptocurrencies, pushed bitcoin as high as $31,818 on Thursday, a first since the beginning of June 2022.
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2023-07-14 13:28:28
Proximus will also connect new customers of its Scarlet subsidiary to its new fiber optic network when it becomes available. However, the speed and price of the internet remains the same as the old VDSL cable.
Proximus waited a long time before offering fiber subscriptions to its daughter brand at low prices. This had unpleasant consequences for some customers. Indeed, five years following deploying its fiber optic network, Proximus is shutting down the old VDSL network. In neighborhoods where that deadline had already passed, Scarlet kicked out its subscribers. However, they might temporarily keep their rate if they went to Proximus.
Since July 12, Scarlet has been offering its services over fiber optics. Initially, this only concerns new customers, explains Fabrice Gansbeke, spokesperson for Proximus. “We are working to gradually offer fiber to existing customers.
In terms of price and offer, Scarlet does not differentiate between a connection to the old cable and a connection to the optical fibre. Scarlet subscriptions have rather modest surf speeds of 30 or 70 Mbps, while much higher speeds are possible with Proximus.
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