Author: Multibagger News

Oil Prices Slip on Concerns of China Demand Growth and Potential Supply Boost Oil prices saw a slight decrease on Monday, as worries about slowing demand growth from major oil importer China and a potential supply increase from top producers weighed on the market. By 06:35 ET (10.35 GMT), futures for crude oil were down 0.1% at $73.45 a barrel, while the Brent crude contract dropped 0.1% to $76.81 a barrel.  China’s Economic Uncertainty A recent private sector survey showed that China’s manufacturing activity grew in August, but concerns remain about future consumption as a separate report indicated a decline…

Breaking News: European Central Bank Expected to Ease Monetary Policy Again, Goldman Sachs Predicts In the latest update from Goldman Sachs, analysts anticipate that the European Central Bank will continue its rate-cutting cycle during its upcoming meeting. The central bank has been gradually lowering policy rates since June, with expectations for further easing in the near future. Recent data has supported the case for additional rate cuts, as policymakers believe that continued disinflation and downside risks to economic growth warrant further monetary stimulus. The recent cooling in wage growth has been viewed positively, reinforcing the argument for a more accommodative…

Discover Why Gree Inc. (3632:JP) Faces Stock Downgrade and Price Target Revision to RMB40.00 | Latest Financial News In a recent development, a leading financial services firm has downgraded Gree Inc. (3632:JP) (OTC: GREZF) from Buy to Hold, along with a significant downward revision of the price target to RMB40.00 from the previous RMB72.00. This shift comes on the heels of Gree’s second-quarter financial results, which revealed a forecasted decline in air conditioner (AC) volume growth for the upcoming fiscal year, with an anticipated decrease of 5-10% year-over-year. The analyst from the financial services firm pointed out several challenges facing…

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…