Author: Multibagger News

France’s Manufacturing Sector Contracts at Fastest Pace Since January, HCOB France Manufacturing PMI Drops to 43.9 in August In a recent survey by S&P Global, France’s manufacturing activity saw a sharp decline in August, with the HCOB France Manufacturing Purchasing Managers’ Index (PMI) dropping slightly to 43.9 from 44.0 in July. This indicates a contraction in the sector, as any reading below 50 signals a decline. Economist Norman Liebke from Hamburg Commercial Bank AG commented on the situation, noting that the state of the French manufacturing sector is deteriorating. The recent drop in output and new orders suggests that what…

Saudi Arabia Stocks Dip Amid Sectoral Downturn: Key Insights for Investors Investing.com – In a volatile session, Saudi Arabian stocks closed lower on Monday, primarily driven by declines in major sectors. The Tadawul All Share Index (TASI) slid by 0.18%, as the market grappled with mixed performance across various industries. Top Performers of the Day Saudi Cable Company (TADAWUL: 2110) emerged as the standout performer, rocketing 9.87% to close at 75.70 SAR. This surge can be attributed to the company’s robust quarterly earnings and optimistic future prospects. Saudi Automotive Services Co. (TADAWUL: 4050) also experienced significant gains, rising 7.16% to…

Breaking News: Russia’s Central Bank Set to Raise Interest Rates to Combat Inflation – Analysts Predict 7% Inflation Rate for 2024 In a recent Multibagger poll, analysts have predicted that Russia’s central bank will increase its benchmark interest rate by 100 basis points to 19% at its upcoming meeting on Sept. 13. This move is aimed at tackling inflation and cooling down the overheated economy. The consensus forecast also suggests that annual inflation is expected to end 2024 at 7%, slightly higher than the previous forecast of 6.9%. The central bank is looking to keep inflation in check by aiming…

By Jonathan Landay WASHINGTON (Multibagger) – Uncover the mystery behind Russia’s new nuclear-powered missile with an almost unlimited range, the 9M370 Burevestnik, known as the SSC-X-9 Skyfall by NATO, touted by President Vladimir Putin as “invincible.” Discover the potential deployment site of this strategic weapon, its test record, and the risks it poses to global security. Analysis: Russia’s development and deployment of the Burevestnik missile at a site near Moscow signify a significant shift in global nuclear capabilities. Despite its checkered past and design limitations, the missile’s unique features pose a threat to international security, raising concerns among experts about…

Uncover the Best Google Search Alternatives for Privacy, Sustainability, and AI-Powered Results Are you tired of Google’s data collection practices and looking for alternatives that offer more privacy, sustainability, or AI-powered features? Look no further than these new and lesser-known search engines that are shaking up the market. DuckDuckGo: If privacy is your top concern, DuckDuckGo is the search engine for you. With no tracking, personalized results, or data collection, DuckDuckGo offers a safe search feature and access to various AI models without compromising your privacy. Ecosia: For those who want to make a positive impact on the environment, Ecosia…

Tesla’s China-Made EV Sales Surge: What This Means for Investors and the Future of Electric Vehicles BEIJING (Multibagger) – In an impressive display of market strength, Tesla’s (NASDAQ: TSLA) China-made electric vehicle sales saw a 3% year-on-year increase in August, according to the latest data from the China Passenger Car Association (CPCA). This growth is further underscored by a significant 17% rise in deliveries of the Model 3 and Model Y from the previous month. Meanwhile, Tesla’s primary competitor in the Chinese market, BYD (SZ: 002594), continues to dominate with its Dynasty and Ocean series of EVs and plug-in hybrids.…

By Maria Martinez BERLIN (Multibagger) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 42.4 in August from 43.2 in July, above a preliminary flash estimate of 42.1 but remaining below the 50 level that separates growth from contraction. “August saw an even steeper drop in incoming orders, killing off any hope for a quick bounce back,” said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. An…

Major Tech Stocks See Declines Amid AI Cost Concerns and Recession Fears: A Comprehensive Analysis Understanding the Market Movements in August In August, the stock market witnessed significant fluctuations among some of the biggest names in the tech industry. These movements were driven by heightened concerns over the escalating costs of artificial intelligence (AI) infrastructure and rising recession risks. Let’s break down the key developments: Alphabet Inc. (NASDAQ: GOOGL) Alphabet experienced a 4.7% drop in its market value. This was largely due to a slowdown in YouTube’s advertising sales, which spurred worries about the company’s earnings. Additionally, a U.S. judge’s…

Title: Bank of America Urges Investors to Hedge Against Potential Volatility in Nonfarm Payrolls Report Investing.com – In a recent note, analysts at Bank of America Securities highlighted the importance of hedging against the possibility of a hot nonfarm payrolls figure in the upcoming week. With the payrolls report now being the main source of volatility for stocks, investors should consider taking precautions to protect their investments. The second print of second quarter U.S. GDP growth exceeded expectations, driven by strong consumption growth of 2.9%. While concerns about the labor market persist, a 2.9% spending growth indicates a promising outlook…

UBS Initiates Coverage on Arcadium Lithium PLC with Neutral Rating and $3 Price Target UBS recently initiated coverage on Arcadium Lithium PLC (NYSE:ALTM) with a Neutral rating and set a price target of $3.00. This move reflects the firm’s cautious outlook on the company, which is a major player in the global lithium market. Arcadium Lithium has a strong asset base that positions it well for future low-cost capacity expansions. However, expected lower lithium prices are likely to delay these expansion plans until later in the decade. UBS’s revised view on the lithium market suggests that prices in China could…