#MarketNews

👋 Hello, dear traders! Today is Thursday, March 7, 2024. Let's quickly delve into the key financial highlights of the day:

☄️ Federal Reserve Chair Jerome Powell emphasized the need for more assurance on inflation reduction before considering rate cuts, suggesting it might be appropriate to lower rates later this year.

🔥 Gold prices rose to a record $2157.5 an ounce this week, driven by investor interest amid expectations of interest rate cuts by global central banks and further price gains.

🇪🇬 The Egyptian pound's exchange rate plummeted following the Central Bank of Egypt's decision to allow its value to be determined by market mechanisms, resulting in a 63% increase in the dollar's value.

🍎 Apple's stock has fallen for six consecutive days, resulting in a $352 billion loss in market value this year, allowing Microsoft to surpass it as the largest US company. Apple (#APPLE) shares are down 0.59% today.

🚗 For the first time in 13 months, Tesla is no longer among the top 10 largest US companies by market capitalization, surpassed by Visa. Tesla (#TESLA) shares are down 2.35% for the day.

✈️ Lufthansa (#LHA) has lowered its 2024 operating margin target to 7.6% due to rising costs and labor disputes despite reporting a 76% increase in 2023 operating profits to €2.7 billion. Despite this, the stock is up 1.04%.

🇪🇺 The European Central Bank is expected to maintain the deposit rate at 4% for the fourth consecutive meeting, with new economic projections likely strengthening the case for initiating rate cuts later in the year.

🇬🇧 The UK's Office for Budget Responsibility reports the economy is on track for a 4% reduction in potential productivity due to Brexit, aligning with long-term predictions of a 15% decline in trade.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

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#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

☄️ In March, the People's Bank of China purchased 160,000 ounces of gold, increasing its reserves to 2,262 tons. The move was a response to tense relations and a move to diversify from US Treasuries.

💰 Bitcoin and Ethereum are falling amid stagflation fears, while the crypto market is caught between potential US Treasury liquidity injections and economic stagnation.

🛢 Oil prices steadied as Middle East ceasefire talks and progress in Israel-Hamas negotiations reduced risk premiums, with Brent crude near $88 after a 1.2% drop.

🇯🇵 Japanese stocks rose on strong corporate earnings after the market reopened, with the Nikkei 225 climbing 1.2%.

✈️ Lufthansa anticipates recouping its strike-related losses with a robust summer season, projecting a 16% increase in bookings compared to last year. Lufthansa (#LHA) shares are up 0.69%.

🖥 Microsoft's CEO announced a $1.7 billion investment in cloud and AI technologies in Indonesia, including the construction of data centers. Microsoft (#MICROSOFT) shares are down 1.00% today.

🚗 Elon Musk is cutting Tesla's senior management and laying off hundreds more employees amid falling sales and dissatisfaction with the pace of previous layoffs. Tesla (#TESLA) shares skyrocketed 15.31%.

🇫🇷 The French economy grew by 0.2% in the first quarter, slightly surpassing expectations and continuing its growth from the previous quarter.

That's it for today, guys! Click on 👍if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

🌤 Happy Thursday, dear traders! Let's check the news moving the financial markets today:

🛢 The global oil outlook faces challenges as China's demand softens. State refineries increased processing by 1.3% in July, and Saudi crude purchases dropped by 4 million barrels.

🇨🇳 Chinese electric vehicles maintained a 19% share of Europe's EV market despite a regional demand drop and looming tariffs.

🚗 Tesla (#TESLA) stock surged over 6%, extending a rally sparked by better-than-expected delivery data, boosting confidence in the company's outlook and CEO Elon Musk.

🇨🇭 Swiss inflation unexpectedly slowed to 1.3% in June, down from 1.4% in May, due to declining goods costs, easing concerns for the Swiss National Bank.

🇫🇷 France's final bond sale before the election aims to raise to €10.5 billion, testing investor sentiment amid market volatility

💰 Bitcoin slid close to levels last seen in February due to US political uncertainty and the potential sale of Bitcoins linked to the failed Mt. Gox exchange.

👀 Jeff Bezos plans to sell $5 billion worth of Amazon shares after the stock reached a record high, adding to the $8.5 billion he sold earlier this year, totaling $13.5 billion in sales for 2024. Amazon (#AMAZON) shares fell 1.21%.

✈️ Lufthansa is considering increasing its stake in Italy's ITA Airways to 90% by early 2025. Lufthansa (#LHA) stock is down 0.27%.

#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

☄️ In June, the US budget deficit fell 3.5 times from last year to $65.965 billion, and over nine months of the fiscal year, it decreased by 9% to $1.268 trillion.

🇪🇺 The European Central Bank will proceed cautiously with rate cuts, likely resuming in September, due to political uncertainties, including the November 2024 US presidential election.

🇨🇳 China's GDP growth likely slowed to 5% in Q2 from 5.3% in Q1, adding pressure on leaders ahead of a critical economic meeting to address the housing crisis and tech sector issues.

🇯🇵 The yen slipped 0.2% on Friday as the impact of suspected intervention faded, raising uncertainty about the Bank of Japan's July 31 policy decision. USDJPY is trading at 159.224.

✈️ Boeing has warned customers of potential three to six-month delays for 737 Max deliveries scheduled for 2025 and 2026. Shares of #BA rose to 183.91

🚗 Tesla's 11-day winning streak ended as its stock fell 8.4% after reports of a delay in its robotaxi event from August to October. Shares of #TESLA fell to 240.87 today.

🍎 Apple has agreed to allow rivals access to its tap-and-go payments technology, ending a four-year EU antitrust investigation, with changes to be implemented by July 25, 2024. #APPLE stock fell to 227.57 today.

✈️ Lufthansa plans to cut administrative costs by 20% and marketing spending by 10% due to decreased business travel and increased competition driving down fares. #LHA stock is up 0.33%.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics