Author: Multibagger News

Kenya Private Sector Bounces Back in August After Protests: Stanbic Bank PMI In a recent survey, Kenya’s private sector activity showed signs of improvement in August following disruptions caused by anti-government protests the previous month. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 50.6 in August from 43.1 in July, indicating a return to expansion. According to Stanbic Bank Kenya, the impact of protests faded in August, allowing businesses to resume normal operations. Output increased in services, wholesale & retail, and construction sectors, while manufacturing and agriculture experienced declines. However, despite the uptick in activity, the survey revealed…

Belarusian President Alexander Lukashenko Grants Pardon to 30 Protesters – What Does This Mean for Financial Markets? Belarusian President Alexander Lukashenko has granted a pardon to 30 individuals convicted for protest activity, according to state news agency Belta. This move comes amidst ongoing unrest in the country, with human rights activists reporting approximately 1,400 people imprisoned for voicing dissent against Lukashenko, who has been in power since 1994. This latest pardon follows a previous batch of 30 prisoners, which included individuals who were sick and elderly, granted last month by the veteran leader who recently celebrated his 70th birthday. From…

ASML Holding NV (AS::NA) Stock Downgraded by UBS: What Investors Need to Know UBS recently downgraded ASML Holding NV (AS::NA) stock from Buy to Neutral, citing expectations of a deceleration in the company’s earnings per share (EPS) growth rate. The price target was also lowered to €900 from €1,050. While ASML has been a standout in the European technology sector, UBS anticipates a compound annual growth rate (CAGR) of 13% from 2025 to 2030, compared to the 24% CAGR observed from 2018 to 2025. UBS suggests that the anticipated growth rate justifies a normalization of ASML’s stock multiples relative to…

Zscaler’s Q4 Earnings Beat Expectations but Stock Takes a Hit: What Investors Need to Know Investing.com – Zscaler (NASDAQ: ZS), the cloud security titan, delivered impressive fourth-quarter results, yet its stock nosedived over 15% in premarket US trading on Wednesday. The culprit? Disappointing profit guidance for the upcoming fiscal year. Key Financial Highlights: Adjusted EPS: $0.88, outpacing analyst expectations of $0.70. Quarterly Revenue: $592.9 million, marking a 30% year-on-year surge and exceeding the $567.46 million consensus estimate. FY 2025 EPS Guidance: $2.81 to $2.87, falling short of the anticipated $3.01. FY 2025 Revenue Guidance: $2.60 billion to $2.62 billion, aligning…

German Exporters Face Recession in Foreign Trade: BGA Trade Lobby Group In a recent report by the BGA trade lobby group, German exporters are bracing for a recession in foreign trade, with sentiment in the sector turning increasingly bleak. The Federation of German Wholesale, Foreign Trade and Services (BGA) predicts a 0.3% contraction in exports and a 2.0% decline in imports for 2024. BGA president Dirk Jandura has sounded the alarm, calling the forecasts a wake-up call for the German government. He highlights that around 70% of surveyed businesses believe that Berlin’s measures are inadequate or misguided, indicating a pressing…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Kamala Harris, the Democratic presidential candidate, is set to unveil a groundbreaking $50,000 tax deduction plan for new small businesses in New Hampshire. This move aims to stimulate economic growth and win over independent voters and Republicans who may be skeptical of former President Donald Trump. Small businesses play a crucial role in the economy, being major employers and responsible for creating 70% of net new U.S. jobs since 2019. Harris is targeting independent voters in New Hampshire, where registered independents outnumber Democrats and Republicans. Recent polls indicate…

As the World’s Best Investment Manager and Financial Market Journalist, I present to you the latest news in the world of blockchain and entertainment. POPG, the revolutionary Web3 ecosystem, is making waves with its innovative projects like POP.VIP, POP.GAME, and POP.LIVE. These projects aim to offer a rewarding and engaging experience for entertainment enthusiasts, allowing them to earn rewards and access exclusive events. POPG’s community-driven approach sets it apart, with fans actively participating in the development process. The recent meetup in Dubai brought together industry professionals and influencers to share insights and elevate the project. With plans to attend Blockchain…

Berenberg Lowers Price Target on Sopra Steria Group Stock to €232 – Is It Time to Buy? In a recent update, Berenberg adjusted its price target on Sopra Steria Group (SOP:FP) (OTC: SPSAF) stock, lowering it to €232 from €238 while maintaining its Buy rating. This change comes after the completion of the sale of the Sopra Banking Software (SBS) business to Axway, which brought in over €410 million in cash inflow for Sopra Steria. Despite a slowdown in organic growth in the first half of 2024 and a subsequent profit warning, Berenberg remains positive about the company’s future. The…

Title: "Blackstone’s $16 Billion Acquisition of AirTrunk: A Game-Changer in the Data Center Market" In a monumental move shaking the financial and technology sectors, Blackstone Inc. has announced its intention to acquire Australia’s leading data center provider, AirTrunk, in a deal valued at a staggering $16 billion. This acquisition underscores Blackstone’s strategic expansion into the rapidly growing data center market, a sector that has seen unprecedented growth due to the global surge in digitalization and cloud computing. Blackstone’s Strategic Expansion Blackstone, one of the world’s premier investment management firms, is no stranger to large-scale investments and strategic acquisitions. By purchasing…

Boost in Euro Zone Business Activity After Olympics, But Weak Demand Looms: Survey LONDON – Euro zone business activity received a boost from France hosting the Olympic Games last month, according to a survey. However, the bloc’s malaise is expected to return once the Paralympics wrap up, as demand remains weak. HCOB’s composite Purchasing Managers’ Index for countries in the currency union, compiled by S&P Global, rose to 51.0 in August from July’s 50.2. While this marks the sixth consecutive month above the growth threshold of 50, it was slightly below the initial estimate of 51.2. “The Olympic Games in…