Author: Multibagger News

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Investors and farmers are feeling the heat in the Balkans as a scorching summer takes a toll on agriculture and wine production. Rastislav Pucovski, a farmer in Serbia, is facing crop failures due to drought and record-breaking temperatures. With corn and soy crops withering in the fields, the region is experiencing a strain on its power grid and water reserves. The hot weather has boosted sugar content in grapes, making Balkan wine growers potential winners in the face of climate change. However, the agricultural sector is not faring…

European Markets Reach Record Highs, Investors Eye Central Bank Policies LONDON (Multibagger) – The European stock markets soared to unprecedented intraday highs this Friday, fueled by expectations of a shift in monetary policies from major global central banks. This surge comes despite a turbulent August where the markets experienced significant sell-offs. The robust economic growth and resilient labor market are key drivers behind this optimistic outlook. The pan-European benchmark index climbed by 0.2% to reach 525.63 points, surpassing its previous intraday record of 525.59 points set on June 7. Additionally, the European blue-chip index also achieved new record highs on…

French Consumer Price Inflation Eases in August, INSEE Data Shows As the world’s best investment manager and financial market journalist, I bring you the latest insights on French consumer price inflation. According to preliminary data from statistics agency INSEE, inflation in France eased in August compared to a year ago, primarily due to lower petroleum product prices and electricity costs. France’s EU-harmonized inflation, which allows for comparisons with other eurozone countries, rose by 2.2% year-on-year in August, down from 2.7% a year earlier. Economists polled by Multibagger had expected a rise of 2.1% on average. INSEE reported that over the…

Macquarie reaffirms confidence in Hyundai Motor stock, maintaining Outperform rating with a price target of KRW325,000.00. The firm highlights Hyundai’s shift towards a return on equity (ROE)-focused capital management strategy and updated shareholder return policy, including share buybacks and cancellation plans. Hyundai sets ambitious ROE target range of 11-12% for 2025-2027, commits to 25% payout ratio, and announces buyback and cancellation program of Won4 trillion over next three years. Company’s strategic buyback approach considers cost of equity and potential higher allocation to preferred shares. InvestingPro Insights Hyundai Motor demonstrates commitment to shareholder returns with market cap of $47.78 billion, attractive…

Tesla Recall Alert: 870 Imported Model X Vehicles in China Flagged for Potential Safety Hazard HONG KONG (Multibagger) – In a recent announcement, China’s market regulator has revealed that Tesla Motors (NASDAQ: TSLA) will initiate a recall of 870 imported Model X vehicles starting from October 8th. This decision stems from concerns regarding the adhesive used to attach the roofs of these vehicles, which may pose a significant safety risk. Why This Recall Matters The Scope of the Recall The recall affects 870 Model X vehicles imported into China. These vehicles will undergo inspections to ensure the adhesive used in…

Euro Zone Inflation Falling as Predicted by ECB Board Member Isabel Schnabel In a recent lecture in Tallinn, Estonia, European Central Bank (ECB) board member Isabel Schnabel stated that Euro zone inflation is decreasing as anticipated by the ECB. This development reduces the risk of further rate cuts negatively impacting disinflation. Schnabel emphasized that recent data align with the ECB’s projection of inflation gradually returning to the 2% target by the end of 2025. She also noted that with indications of a potential slowdown in global economic growth, there is less concern that a slight easing of policy measures would…

China’s State Banks Buy Dollars to Curb Surging Yuan: What It Means for You SHANGHAI/BEIJING (Multibagger) – In a strategic move to temper a rapidly appreciating yuan, China’s major state-owned banks intervened in the onshore foreign exchange market on Friday, purchasing dollars to slow the currency’s ascent. This action, confirmed by four insiders who spoke on the condition of anonymity, underscores the delicate balancing act China faces in managing its currency. Yuan Hits Eight-Month High The yuan surged to an eight-month peak of 7.0895 per dollar, breaking past the significant resistance level of 7.1 and reversing its year-to-date losses. This…

Australian Retail Sales Remain Flat in July Amid Pressure from Inflation and Interest Rates In a surprising turn of events, Australian retail sales stayed flat in July, defying market expectations of a 0.5% increase. This stagnation comes as consumer spending cools off due to persistent inflation and high interest rates. Despite this, the robust job market has managed to keep sales relatively stable. Retail sales in July did not see any growth compared to a 0.5% rise in June and a 0.6% increase in May, according to data from the Australian Bureau of Statistics. Ben Dorber, the ABS head of…

Japanese Stock Market Surges as Key Sectors Lead the Charge Tokyo, Japan – The Japanese stock market experienced a notable uptick on Friday, driven by strong performances in key sectors. The Nikkei 225 index closed 0.69% higher, marking a positive end to the trading week. Top Performers of the Day: Furukawa Electric Co., Ltd. (TYO:) Shares jumped by 4.71%, gaining 162.00 points to close at 3,600.00. Mercari Inc (TYO:): The e-commerce giant saw its shares rise 4.31%, adding 98.00 points to end at 2,373.50. Murata Manufacturing Co (TYO:): Shares increased by 4.16%, with a 121.00-point gain closing at 3,033.00. Underperformers:…

By Liangping Gao and Ryan Woo A recent Multibagger poll has shown that China’s home prices are predicted to decline at a faster pace than previously forecasted for this year and next. Analysts suggest that support policies from Beijing are struggling to stabilize the property sector. The poll indicates that home prices are expected to fall by 8.5% in 2024, compared to a 5.0% decline projected in May. Additionally, prices are likely to dip by 3.9% in 2025, down from the previous forecast in May. According to Ma Hong, a senior analyst at GDDCE Research Institution, “The actual source of…