Author: Multibagger News

Top Investment Manager Reveals Key Events Impacting Wall Street This Week As the new week begins, the main Wall Street indices are expected to be in a consolidatory mood after strong gains last week. Investors are eagerly awaiting the release of the minutes from the last Federal Reserve meeting and the upcoming Jackson Hole symposium. Additionally, the four-day Democratic National Convention kicks off this week. 1. Focus on Jackson Hole Meeting The Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, starting on Friday, will be the highlight of the week. Investors are looking for clues about the pace and…

As the world’s best investment manager and financial market’s journalist, I bring you the latest update on gold prices. Gold is holding near record levels on Monday, fueled by expectations of a Federal Reserve rate cut and a softer dollar. Recent data shows that gold prices have surged due to the anticipation of a potential interest rate cut by the US Federal Reserve in September. At 05:12 ET (0912 GMT), gold was down 0.2% to $2,031.78 an ounce, while silver was up 0.1% to $2,540.65 an ounce, close to the all-time high of $2509.65 reached on Friday. This recent spike…

European Market Update: Mixed Signals as Investors Eye Jackson Hole for Fed Rate Cues By Pranav Kashyap (Multibagger) – After a stellar performance last week, European shares experienced volatility on Monday. Investors are gearing up for a week packed with crucial economic data and the much-anticipated speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, which could provide insights into potential rate cuts. Market Performance The pan-European STOXX 600 index oscillated between -0.1% and 0.1% during the morning session, last noted up by 0.1% at 512.05 points. This comes after the index recovered all losses from…

Sweden’s Central Bank Expected to Cut Policy Rate by 0.25% on August 20, Analysts Predict Further Cuts Before Year-End In a recent poll of analysts by Multibagger, all 16 experts anticipate a 0.25% cut in Sweden’s policy rate on August 20, with expectations for the rate to end the year at 3.00% and potentially fall even lower in early 2025. Adrian Prettejohn, Europe Economist at Capital Economics, stated that weaker-than-expected inflation and activity data may prompt the central bank to make the initial cut from 3.75% to 3.50%, with indications of additional cuts totaling at least 50 basis points later…

New Indonesian Cabinet Ministers Appointed by Outgoing President Jokowi to Ensure Smooth Transition In a strategic move to facilitate a seamless transition of power, outgoing Indonesian President Joko Widodo has appointed new cabinet ministers with close ties to his successor Prabowo Subianto. This decision comes two months before Widodo’s departure and aims to maintain influence after a decade in charge. The newly appointed ministers include key positions such as energy, investment, and law, with most individuals having supported Prabowo during the recent election. Bahlil Lahadalia, the investment minister, will now serve as the energy minister, while Rosan Roeslani, a former…

Amazon Pay to Launch Standalone App in India, Boosting Financial Market Potential Amazon is making waves in the Indian market by considering the launch of a standalone app for its popular payment service, Amazon Pay. This move comes as the e-commerce giant aims to increase the usage and visibility of Amazon Pay in the country. Currently housed within the main Amazon e-commerce app in India, Amazon Pay offers a wide range of services including money transfers, bill payments, insurance purchases, travel ticket bookings, mutual fund investments, and digital gold purchases. However, some executives at Amazon believe that Amazon Pay is…

JD Health International Inc (6618:HK) Stock Outlook Updated by Jefferies – Buy Rating Maintained with Lowered Price Target Jefferies recently updated its outlook on JD Health International Inc (6618:HK) stock, reducing the price target to HK$32.00 from the previous HK$40.00 while still recommending a Buy rating. The firm predicts a 10-15% year-over-year revenue increase in the second half of 2024, following a spike in respiratory diseases in November and December 2023. The growth is expected to be driven by a 20% year-over-year increase in pharmaceutical sales, double-digit growth in nutraceuticals, and single-digit growth in medical devices. JD Health also aims…

World Stocks Edge Up as Dollar Slides on Expectations of Interest Rate Cuts By Nell Mackenzie and Wayne Cole World stocks edged up and the dollar slid on Monday after global equities enjoyed their best week in nine months on expectations the U.S. economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts. The prospect of lower borrowing costs saw gold hover near historic highs and the dollar dip against the euro, while the yen made a sudden lunge higher that weighed on the market. Analysis: – Global equities had their best week…

Nvidia’s Q2 2025 Earnings Preview: Wall Street’s Bullish Outlook Amid Robust AI Chip Demand Wall Street is gearing up for another impressive quarter from Nvidia (NASDAQ: NVDA), as the premier chipmaker readies itself to unveil its fiscal Q2 2025 results on August 28. The company, renowned for its high-end graphics processing units (GPUs) critical for generative AI workloads, is anticipated to post solid performance metrics driven by unrelenting demand. Despite murmurs of potential delays in the Blackwell chip, which may stir short-term volatility in Nvidia’s fundamentals, analysts at Goldman Sachs remain optimistic. They believe Nvidia’s management insights and supply-chain data…

Wall Street Poised for Consolidation as Investors Await Jackson Hole Symposium and Fed Minutes As the new week begins, the main Wall Street indices are expected to consolidate after last week’s strong gains. Investors are eagerly anticipating the release of the minutes from the latest Federal Reserve meeting and the upcoming Jackson Hole symposium. Additionally, the four-day Democratic National Convention is set to kick off this week. 1. Jackson Hole Meeting in Focus: The highlight of the week will be the Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, starting on Friday. Investors are looking for more insight into…