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Rae Wee gives us a look at what the European and global markets will be like tomorrow. In the last month, there have been several instances where a rally in the market was suddenly halted due to sudden risk aversion. Sometimes this happened without any obvious cause. Shortly afterward, an upswing followed. Wednesday was another example of this. After a Monday drubbing, global stocks rose and bitcoin reclaimed its $90,000. It was at its highest level in almost two weeks. The European markets were also poised for a steady opening, as investors waited for the remarks of European Central Bank...

Tom Westbrook gives us a look at what the future holds for European and global markets. The dollar's weekly drop was the largest in four months, and traders were looking ahead to 2026 as markets slowed down for Thanksgiving in the U.S. The U.S. is looking to further ease interest rates, while the rest of world seems to be finishing off their rate cuts. South Korea is the latest country to adopt a hawkish stance, abandoning its easing bias. Bonds have fallen. Asahi Noguchi, a former Bank of Japan dove, also adopted a slightly hawkish tone in his speech to...

Gregor Stuart Hunter gives us a look at what the markets will be like in Europe and around the world. It is make-or-break for Britain's Finance Minister Rachel Reeves, who will unveil her budget later today. The budget could contain tens or hundreds of millions of pounds worth of new taxes. In Asian trading, the pound is up 0.2% to $1.3193, a rise of a fifth day in a row ahead of her speech at 1230 GMT. Sources say that after the meeting between the new Japanese Prime Minister Sanae Takayichi and BOJ governor Kazuo Ueda last week, the Bank...

The global stock market rose on Tuesday, and was on track for a third consecutive session of gains. Investors remained confident that the U.S. Federal Reserve will cut interest rates during its December meeting. Meanwhile, U.S. Treasury Yields fell. Alphabet and Meta Platforms led the gains on Wall Street. Google's parent company hit an intraday high of $328.83, and was up over 1% last as it approached $4 trillion market capitalization. This would make it the only fourth company to achieve this mark. The Information reported on Meta Platforms, which rose 3% and was the largest boost to the S&P...

Rae Wee gives us a look at what the European and global markets will be like tomorrow. The Asian markets were again a sea of red on Tuesday. This gloomy mood is expected to spread into Europe as investors prepare for the earnings report from artificial intelligence darling Nvidia, and the long-awaited U.S. employment report due later this week. The market sentiment leading up to the release was fragile. Nvidia had a high bar for delivering results that would blow the roof off and justify all the massive investments companies pour into AI. The semiconductor giant's AI chips have been...

Tom Westbrook gives us a look at what the future holds for European and global markets. On Monday, the U.S. economy will start to flow again with figures on construction spending for August. On Thursday, September's jobs data will be released. The next month will bring more up-to date figures on labour and prices. However, due to concerns over the quality of these data and hawkish comments from policymakers, expectations for a December rate cut are fading. The main event for markets this week is likely Nvidia earnings after the close on Wednesday, which are shaping as a test for...

The world stock market was looking to return to record levels on Thursday, following the end of the U.S. shutdown which is the longest ever recorded. Meanwhile, the Japanese yen, under pressure from the US dollar and the euro hit record lows. The STOXX 600 index in Europe had a difficult day. A near 1% increase from France's CAC 40 pushed both indexes up to their highest levels before profit-taking and a 5% drop by German engineering giant Siemens brought it down. The U.S. Stock Futures fluctuated from a slight negative to a 0.2% gain, but the 47-country MSCI All...

The world stock market was looking to return to record levels on Thursday, following the end of the largest government shutdown in history. Meanwhile, the Japanese yen, which is under increasing pressure due its devaluation against the euro and the dollar has reached a new record low. The STOXX 600 index in Europe made a steady debut with a nearly 1% increase from France's CAC 40, pushing both indexes up to their all-time highs and offsetting the more than 4% drop from German engineering giant Siemens reported disappointing earnings. The U.S. Stock Futures fluctuated from a slight negative to a...

Gregor Stuart Hunter gives us a look at what the future holds for European and global markets. The U.S. Government is about to reopen, restoring potential pay for unpaid federal employees and ending the drought of economic data which has left the Federal Reserve virtually blinded for more than one month. The latest sign that normalcy is returning could be Congressmen taking advantage of the free publicity. Thousands of flights have been delayed or cancelled due to the shutdown. Some Congressmen are carpooling with their colleagues, or taking a 16-hour Harley Davidson across the country to return to Washington D.C....

Tom Westbrook gives us a look at what the future holds for European and global markets. The longest U.S. Government shutdown in history appears to be nearing an end. Traders are riding a wave that started late last week. The Senate has approved a compromise which would restore funding to the U.S. Government. The bill now heads to the House where Speaker Mike Johnson said he wanted to pass it by Wednesday. The Nasdaq and gold have both posted their best gains for months. Gold is trying to regain the momentum it had in October, when it reached record highs....

Tom Westbrook gives us a look at what the future holds for European and global markets. The tech stocks are headed for a shaky finish in what could be the biggest market decline since the turmoil around U.S. Tariffs seven months ago. Softbank Group shares, the Japanese investment conglomerate known for its high-risk and high-reward technology bets, are down by around 20% this week, the largest one-week decline since the pandemic. The Nasdaq has fallen more than 2% in this week, and futures have been under pressure during the Asia session. Japan and South Korea, which are tech-heavy markets, fell....

The global stock market was poised to post its third consecutive week of gains, and seventh consecutive month of growth on Friday. Earnings from Apple and Amazon eased concerns over lofty valuations. Meanwhile, the dollar rose after comments by some Federal Reserve officials. Amazon's stock soared by more than 10% following the announcement that cloud revenue grew at the fastest rate in almost three years. This helped the company to forecast quarterly sales exceeding estimates. Apple shares fell 0.3%, to $270.52, after hitting an intraday high of $277.32, after the company reported its quarterly earnings. It also forecasted holiday quarter...

Marie Jaroni is the head of Thyssenkrupp’s steel division. She estimates that a restructuring agreement, which will result in the loss or outsourcing of 11,000 jobs, will cost the company three digit million euro, according to the Frankfurter Allgemeine Zeitung. Thyssenkrupp Steel Europe said this week it had reached an agreement with the IG Metall to reduce or outsource 40 percent of its workforce. It will also reduce production to a level of shipping of 8,7 million to 9,0 million tons from 11.5 millions at present. The restructuring costs us about a million euros. In an interview published Wednesday, Jaroni...

Gold prices rose by more than 1% on Wednesday to a two-week-high after positive U.S. data boosted expectations for a Federal Reserve rate cut in the coming month. This supported non-yielding gold. At 1208 GMT spot gold rose 1% to $4,172.18 an ounce, its highest level since November 14. U.S. Gold Futures for December Delivery were up 0.7% to $4,168.70 an ounce. Market participants are beginning to price again a U.S. interest rate cut for December," stated UBS analyst Giovanni Staunovo. Bullion is a non-yielding investment that tends to do well in environments with low interest rates. Staunovo stated that...

Mitsubishi Materials, a Japanese company, said it would shift its focus to secondary smelting in order to increase profitability. Due to a tight supply of concentrates and the expansion of smelting capacity by China, Japanese copper smelters face a tumbling treatment charge and refining charge (TC/RC) as well as shrinking smelting profits. Mitsubishi Materials announced in October it would cut the refined copper production at its Onahama Smelter & Refinery in the period October-March by a quarter. It plans to integrate its copper products sales and procurement of copper concentrates with rival Pan Pacific Copper owned by JX Advanced Metals...

Gold prices reached a two-week-high on Wednesday after positive U.S. data reinforced expectations for a Federal Reserve rate cut in the coming month. This supported non-yielding gold. At 1019 GMT the spot gold price was up by 0.8% at $4,161.57 an ounce, its highest level since November 14. U.S. Gold Futures for December Delivery were up 0.4% to $4,157.40 an ounce. Market participants are beginning to price again a U.S. interest rate cut for December," stated UBS analyst Giovanni Staunovo. Bullion is a non-yielding investment that tends to do well in environments with low interest rates. Staunovo stated that "we...

Residents of Pari Island sue Swiss Cement Maker Holcim Climate change is blamed for higher temperatures and warmer seas Indonesian coastline is being eroded by mangroves. By Leo Galuh The Women's Group of Pari Island is hoping that mangroves will protect its coastline from rising sea levels, tidal flooding, and stronger waves. Mangroves absorb greenhouse gases, which are harmful to the planet. The sea has changed. "It's hotter and rougher. It scares us," Asmania, a mom of three, said as she dug her hands in the sand below the shallow sea. Pari Island, near Jakarta's capital, is home to only...

Bosch said that thousands of employees are facing production interruptions due to a global shortage of chips caused by a dispute with the manufacturer Nexperia. China and the Netherlands are locked in a fight for control of Nexperia. However, there is hope that the standoff will ease with the Dutch government sending an official delegation to Beijing to try to reach a compromise. Bosch reported that it was experiencing disruptions at three of its sites: Ansbach, Salzgitter and Braga (both in Germany) and Braga (Portugal). It said: "We continue to do everything possible to serve our clients and to avoid...

Liontown Resources announced on Wednesday that it has partnered with German digital commodity platform Metalshub for online auctions of spodumene from its Kathleen Valley Lithium project in Western Australia. After the announcement, shares of the Australian lithium mining company soared up to 5.7% to A$1.31, their highest level since the middle of 2024. This outperformed a 0.2% increase in the benchmark S&P/ASX 200. This tie-up aims to digitalise and streamline spot sales while promoting market pricing, as lithium buyers and producers adopt auction formats. The project will see the first 10,000 metric ton digital sale on November 19. Liontown plans...

The U.S. Government has added copper to its list of critical mineral - metals that are vital to the economy and national security of the United States. The United States, however, has amassed the second-largest copper stockpile in the world, after China's reserves. The federal government has not spent a single dollar on this project. The copper market did all the work by creating a huge arbitrage gap between U.S. prices traded at the CME and international prices traded on the London Metal Exchange. Price differentials have already brought massive quantities of copper to the United States. The market is...

The U.S. Government has added copper to its list of critical mineral - metals that are vital to the economy and national security of the United States. The United States, behind China, has accumulated the second-largest copper stockpile in the world. The federal government has not spent a single dollar on this project. The copper market did all the work by creating a huge arbitrage gap between U.S. prices traded at the CME and international prices traded on the London Metal Exchange. Price differentials have already brought massive quantities of copper to the United States. The market is still betting...

BMW, the German automaker, increased its core profit margin for the third quarter following further reductions in research and development expenditure on electric vehicles. It is banking on its all-electric series as a growth booster amid fierce competition in China. BMW reported on Wednesday that its automotive division had an operating margin in the period of July to September of 5.2%, compared with 2.3% one year ago. This is higher than the forecast of 4.9% in a poll conducted by the company. Oliver Zipse, BMW CEO, said: "In the third-quarter we have once again proven that our business model has...

The German Engineering Federation VDMA warned on Wednesday that more than half of German machinery exports and European equipment to the United States may be subject to new tariffs in December if Washington increases its list. It also urged the European Union (EU) to renegotiate their tariff agreement. Steel and aluminum tariffs may affect 56% of exports, up from 40% in August, when the initial increase was made. This affects almost all branches of mechanical technology. There is good reason to be concerned that the US will keep up this bad behavior," VDMA President Bertram Kawlath stated in a press...

Dennis Grimm has left Thyssenkrupp’s steel division, according to two sources familiar with the situation. The unit is now without its leader, as the talks about a possible sale to India’s Jindal Steel International are still ongoing. Grimm is the spokesperson of Thyssenkrupp Steel Europe (TKSE), or its defacto CEO, as of August 30, 2024. This was after former CEO Bernhard Osburg resigned following a conflict with Thyssenkrupp leadership regarding strategy. TKSE declined to comment. Sources say that Grimm's departure coincides with Thyssenkrupp deepening its talks with Jindal Steel International about a possible sale of TKSE. A delegation from the...