Author: Multibagger News

The Dollar Downtrend: Relief for Economies as USD Falls Over 2% in August In a significant turn of events, the dollar has experienced its largest monthly drop this year, falling more than 2% against other major currencies in August. This decline comes as a relief to economies that have struggled under the weight of dollar strength. The driving force behind the dollar’s downtrend is the expectation that the U.S. Federal Reserve will cut interest rates amidst a weakening economy. Market experts, like Guy Miller, chief market strategist at Zurich Insurance Group, predict that the dollar will continue to face pressure…

Aluminium vs. Copper: Which Metal Will Reign Supreme in the Market? – Morgan Stanley Analysis In recent times, aluminium prices have surged ahead of copper, but Morgan Stanley analysts predict a potential shift in favor of copper in the near future. While aluminium prices have seen an 11% jump due to rising input costs, strong demand from key sectors in China, and supply disruptions, copper is believed to be better positioned for growth. The surge in aluminium prices is attributed to the increase in alumina costs, a key ingredient in aluminium production. This cost increase has been passed on to…

Hedge Funds Intensify Short Bets on Financial Stocks Amid Job Cuts and Reduced Dealmaking – What It Means for Your Investments By Nell Mackenzie LONDON (Multibagger) – In a significant move last week, hedge funds ramped up their short positions against financial stocks, as reported by a Goldman Sachs note accessed by Multibagger. This comes amidst ongoing job cuts and a slowdown in dealmaking across the sector. Key Highlights: Financial Sector Most Net Sold: Goldman Sachs’ prime brokerage trading desk, catering to global hedge funds, identified financial stocks as the most net sold sector for the past week. Consistent Selling…

Breaking News: Italian Manufacturing Shows Signs of Recovery in August – Analysis and Insights ROME, Italy – As the world’s top investment manager and financial market journalist, I bring you the latest update on Italian manufacturing activity. A recent survey has revealed that Italian manufacturing contracted for the fifth consecutive month in August, but at a slower pace than in July. This indicates that the long-running factory slump may finally be coming to an end. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing in Italy rose to 49.4 in August from 47.4 in July. While the index remains below…

Israeli Forces Kill 48 Palestinians Amid Polio Vaccination Campaign in Gaza – Analysis by Top Investment Manager By Nidal al-Mughrabi Israeli forces killed at least 48 Palestinians in the past 24 hours across the Gaza Strip as they battled Hamas-led militants, Palestinian officials said on Monday, while medics conducted a second day of polio vaccinations for children in the enclave. Palestinian and UN officials said more than 80,000 children were vaccinated in central areas of Gaza on Sunday, the first day of the campaign. Hamas and Israel have agreed to brief pauses in fighting to allow the campaign to vaccinate…

Breaking News: U.S. Dollar Hits Lowest Level of the Year as Federal Reserve Expected to Cut Rates – UBS Predicts Further Declines Ahead In a recent turn of events, the U.S. dollar has plummeted to its lowest level this year amid growing speculation that the Federal Reserve will soon implement interest rate cuts. According to UBS analysts, this downward trend is expected to continue in the coming months, citing various factors such as high valuation, deficits, slow economic growth, and higher unemployment rates. UBS forecasts a mid single-digit decline for the greenback over the next 12 months, positioning it in…

The August Jobs Report: A Critical Test for Market Recovery Investing.com — In a recent note, analysts at Morgan Stanley highlighted the sharp correction in stocks in July and early August, attributing it to softer-than-expected economic growth data and a weak employment report on August 2. The upcoming release of the August jobs report on September 6 is anticipated to have a significant impact on the market’s direction. Morgan Stanley analysts predict that this report will play a crucial role in determining whether the recent market rebound can be sustained or if concerns about economic growth will lead to further…

Global Thermal Coal Prices Surge Due to Rising Demand and Natural Gas Prices – UBS Analysts Predict Stabilization In recent months, global thermal coal prices have experienced a significant increase, driven by factors such as rising energy prices and heightened cooling demand during a heatwave. However, analysts at UBS foresee this surge as temporary, with prices expected to stabilize or even decrease as coal supply rises and seasonal demand subsides. Late August 2024 saw a spike in European and Asian coal prices, with European thermal coal prices (API2) jumping by $20 per ton to over $120 per ton, and Asian…

European Markets Dip Amidst Weak Economic Data and Political Uncertainty: Investment Insights and Financial Implications Investing.com – European stock markets opened the week on a downward trajectory, as investor sentiment was dampened by underwhelming regional economic data and mounting political uncertainty. As of 03:55 ET (08:55 GMT), Germany’s DAX index slipped 0.1%, France’s CAC 40 dropped 0.3%, and the UK’s FTSE 100 declined 0.1%. Eurozone Manufacturing Activity Falters August saw Eurozone manufacturing activity remain in contraction, with the final Purchasing Managers’ Index (PMI) from S&P Global recording a reading of 45.8. Although marginally above the preliminary estimate of 45.6, it…

By the World’s Best Investment Manager & Financial Market’s Journalist, Alun John and Karin Strohecker LONDON (Multibagger) – Witness the dollar’s unprecedented fall of over 2% against major currencies in August, its largest monthly decline this year. This decline brings relief to economies burdened by dollar strength. The dollar’s downward spiral, long predicted, is fueled by expectations of U.S. Federal Reserve interest rate cuts amidst a weakening economy. “The dollar is under pressure and will continue to be so for the rest of the year,” said Guy Miller, Chief Market Strategist at Zurich Insurance Group (OTC:). Let’s delve into where…