Chinese stocks are poised to experience significant gains in the near future as authorities signal their commitment to providing support. Marko Papic, partner and chief strategist at Clocktower Group, predicts that the Chinese stock market will climb by at least 10% in the coming days. This assertion is backed by Bloomberg’s report, which indicates that
Finance
Swiss banking giant UBS has announced that it narrowly beat fourth-quarter earnings expectations. The company posted a net loss of $279 million, which was better than the anticipated net loss of $372 million. This positive outcome comes after UBS reported a significant loss in the previous quarter due to expenses related to the integration of
Federal Reserve Chair Jerome Powell recently sat down for an interview with “60 Minutes” during which he discussed the central bank’s plan for interest rate cuts this year. Powell emphasized the need for caution and expressed confidence in the strength of the economy. However, he also acknowledged the importance of gathering more evidence before making
The market dominance of Big Tech companies has raised concerns among investors, leading them to consider alternative investment options. VettaFi’s Todd Rosenbluth suggests that the concentration of money in a few stocks within broader ETFs, such as those tied to the S&P 500 or the Nasdaq 100, is making investors uneasy. As a result, many
Superdry, the British fashion retailer, experienced a surge of more than 100% in its shares on Friday, following the confirmation that its co-founder and CEO, Julian Dunkerton, is considering taking the company private. This announcement comes amidst a recent slump in sales and a decline in share prices, leading to speculation that Superdry may become
Deutsche Bank surprised analysts by reporting a net profit of 1.3 billion euros ($1.4 billion) in the fourth quarter, surpassing expectations of 785.61 million euros. While this marked a nearly 30% decline from the previous year, it demonstrates resilience in a challenging financial landscape. The bank’s net profit for the full year amounted to 4.2
DoubleLine Capital CEO Jeffrey Gundlach believes that the Federal Reserve’s recent actions have shattered the hopes for a “Goldilocks” economic scenario. This scenario, which would have benefited risk assets, was characterized by an economy that was not too hot or too cold. However, Gundlach argues that the market’s faith in this perfect balance was blindly
The International Monetary Fund (IMF) has recently revised its global growth forecast upwards, citing the unexpected strength of the U.S. economy and fiscal support measures in China. This positive development signals an improved outlook for the global economy as a whole. Despite the ongoing challenges posed by commodity price spikes and supply chain disruptions in
President Volodymyr Zelenskyy of Ukraine made a significant move towards promoting transparency and combating corruption by publicly disclosing his income for the first time. This comes as Ukraine endeavors to gain European Union (EU) membership, facing stringent conditions on addressing its historical corruption problem. Zelenskyy’s income, as outlined in the declaration on the presidential website,
According to Fairlead Strategies market technician Katie Stockton, small cap stocks may be poised for a comeback. Despite the Russell 2000’s underperformance in the early part of this year, Stockton believes that it is only a temporary setback. In an interview with CNBC’s “Fast Money,” Stockton stated, “We’re kind of convinced that we’ll see small