MILANO – European stock markets are attempting to rebound after a declining start on a day that focuses mainly on the American inflation data arriving in the afternoon. A key barometer, that of prices, to define the company’s next moves Fed while among analysts the belief of a possible pause on rate cuts at the December meeting is strengthening. The Trump effect continues to be felt on Asian stock markets: despite the weakening of the yen, Tokyo closes with a heavy -1.66% while the other Asian indices move in no particular order.
11:01
Frankfurt stock exchange: +16% Siemens Energy, 2024 profit and increase in targets to 2028
Siemens Energy celebrates on the Frankfurt stock exchange the return to profit in the 2024 financial year and the increase in medium-term objectives. Around 11am, the stock of the energy technology group recorded a 16% increase to 45.26 euros, the highest on the DAX index (+0.45%) and also on the Stoxx Europe 600. Since the beginning of the year, the price has improved overall by almost 280%, after having been affected for a long time by the negative performance of the Spanish wind power subsidiary Gamesa.
10:54
Asian stock markets: close in no particular order, fear of duties weighs heavily
Asian stock markets close in no particular order, with Chinese markets improving towards the end and reversing losses due to improved sentiment. Shanghai rose by 0.51% to 3,439 points and Shenzhen by 0.4% to 11,359 points. However, investors were left on edge following reports that US President-elect Donald Trump will appoint ‘hawks’ including Marco Rubio, Mike Waltz and Kristi Noem to key Cabinet positions. Investors also continued to assess the economic outlook in China amid weak data and a disappointing stimulus package. There is anticipation for today’s key data on inflation in the US, which could determine the Fed’s next policy moves. Hong Kong reduces losses at the end and drops 0.12% to 19,823.45 points.
10:52
Spotify, in the third quarter revenues rose 19% to 4 billion
In the third quarter of this year, Spotify’s total revenues grew by 19% compared to last year, reaching 4 billion euros; gross margin was a record 31.1% (473 basis points higher year-on-year) and gross profit continued to exceed 1 billion euros for the second consecutive quarter. Operating income also improved, reaching a new quarterly peak of 454 million euros. This can be read in a note which specifies that monthly active users have grown by 11% compared to last year, reaching 640 million, while subscribers have grown by 12% compared to last year, reaching 252 million.
10:51
The rally in cryptocurrencies has come to a halt, after the strong increases recorded with the election of Donald Trump to the White House. Bitcoin, despite remaining at high levels, lost 1% to 87,432 dollars, after having almost reached 90 thousand dollars on the eve. Ethereum (-3.8%), Binance (-2.9%) and Cardano (-7.2%) also fell. Dogecoin drops to 0.3737 (-2.01%), after yesterday’s jump to 0.4394.
10:22
EU stock markets improve
European stock markets attempt a rebound and turn higher, less than an hour after the start of trading. London gains 0.05%, Frankfurt rises by 0.16%, Paris by 0.13% and Madrid by 0.12%. Piazza Affari marks +0.24%.
Investors’ focus is on US inflation, due in the early afternoon, which could influence the Fed’s next monetary policy move. Traders also continue to assess the potential impact of President-elect Donald Trump’s policies on economies and financial markets Europeans. On the macro front, the day is sparse, while the quarterly reporting season continues.
09:10
Europe opens slowly
European stock markets were weak at the start of the session, after the sharp drop on the day before. Investors’ attention is focused on inflation in the United States, which is expected to accelerate in the total component and remain stable in the core component. However, the increase in prices would not be a surprise for the Fed. Fears continue on the markets regarding the decisions of the new American administration, in particular on the tariff front. Declining opening for Paris (-0.13%). There was little change in London (+0.09%) and Frankfurt (-0.05%).
08:43
Volkswagen strengthens joint venture with Rivian
German automotive giant Volkswagen has officially launched a joint venture with US electric vehicle maker Rivian, committing to an investment of 5.8 billion euros ($6.2 billion), 800 million euros more than planned previously, to accelerate the transition to electric vehicles. The partnership is expected to produce its first models based on Rivian’s advanced electric car technology starting in 2027, VW Group CEO Oliver Blume said at the joint venture’s launch in Palo Alto, Northern California. Volkswagen, Europe’s largest automaker, aims to leverage Rivian’s innovative electrical and software architecture to streamline its electric vehicle lineup. The collaboration will focus on a range of technologies, including software systems, control computers and network architecture
08:35
Oil stable
The price of Brent is stable this morning. The barrel is in fact traded at 71.98 dollars, with an increase of 0.13%.
Subjects
Market Shenanigans: A Whirlwind of Stocks, Bonds, and Inflation Fears
MILANO – Well folks, it seems like European stock markets are trying their very best to rebound after a decidedly rocky start. Much like trying to get up after slipping on a banana peel—yes, I’m looking at you, Mr. Atkinson! The focus today is like a hawk on a mouse—through an American-shaped telescope—on the inflation data due to arrive in the afternoon. This will act as a key barometer for the company’s next moves Fed . What’s more, there’s a strengthening belief among analysts that they might just hit the pause button on rate cuts at the December meeting. Hold on to your hats, ladies and gentlemen, because this economy is doing its best impression of a soap opera! 🎭
Market Reactions: The Trump Effect Strikes Again!
Asian Markets: A Mixed Bag
Asian stock markets are closing with all the certainty of a teenager facing a math exam. Despite a weakening yen, Tokyo took a nosedive with a hefty -1.66%. Meanwhile, the rest of Asia seems to be moving in no particular order. Like they’re all on a page that’s fallen out of a book of ‘How to Approach the Stock Market,’ perhaps—because keep your head down and carry on seems to be the mantra today.
Siemens Energy: A Ray of Sunshine in Frankfurt
Now, let’s talk about good news coming from Siemens Energy, celebrating like it’s 1999 with a stunning 16% surge on the Frankfurt stock exchange. We’re talking about a comeback! The company’s return to profit in the 2024 financial year is almost as exciting as discovering a fiver in the pocket of your winter coat. With an increase in medium-term targets and a whopping 280% rise since the start of the year, they must be feeling as chipper as a bird on a spring morning. And the DAX index? Well, it’s clearly feeling the love too, ticking up +0.45%. How very generous of you, Siemens! 🎉
Spotify: Streaming Success!
In not-so-distant realms, Spotify has also decided to join in on the party! 🎶 With Q3 revenues climbing 19% to a cool 4 billion euros and a record gross margin of 31.1%, you’d think they were printing money over there. Operating income hit a peak of 454 million euros—just enough for a billionaire to buy a small country. And guess what? Monthly active users didn’t just show up; they brought friends! 640 million of them, no less. Talk about a buzz—it’s like trying to squeeze through the turnstile at a sold-out concert. Watch your toes, people!
A Quick Dive into Crypto World
Over in the wild realm of cryptocurrencies, we see Bitcoin losing a smidge—down 1% to $87,432. After flirting with $90,000, it’s now retreating faster than Lee Evans escaping a room full of quiet people. Other coins aren’t doing much better; Ethereum is down 3.8%, Binance loses 2.9%, and Cardano drops 7.2%. Meanwhile, Dogecoin, ever the drama queen, falls to 0.3737. Better luck next time, champ!
Oil Prices: A Stable Affair
In the oil world, the price of Brent traded at a stable $71.98, creeping up by 0.13%. Stability must be the name of the game here—it’s like watching paint dry in a well-manicured gallery. 🎨
What’s Cooking in the World of Autos?
Meanwhile, Volkswagen is feeling its 5.8 billion euros worth of electric a bit more than usual, strengthening its joint venture with Rivian. Yes, they’re really putting the pedal to the metal—aiming to roll out models by 2027 that could redefine your next road trip. Buckle up for a wild ride, folks! 🚗💨
Conclusion: Strap Yourselves In!
So here we are, folks, caught in a whirlwind of stock market shenanigans. As European markets attempt a little bounce back (with gains of 0.05% in London and 0.16% in Frankfurt), it’s clear that investors are holding their breath, not unlike waiting for that punchline in a Ricky Gervais stand-up! We’re all waiting for the US inflation data in the afternoon, which will likely have financial wizards conjuring up their forecasts faster than you can say “economic uncertainty.” Cheers to hoping it’s a good one! 🥂
MILANO – European stock markets are attempting to bounce back following a turbulent start, driven largely by the anticipation surrounding American inflation data set to be released later today. This critical inflation barometer is expected to play a significant role in shaping the Federal Reserve’s forthcoming monetary policy decisions. Analysts are increasingly leaning towards the belief that the Fed may pause its rate cuts in the upcoming December meeting. Meanwhile, Asian stock markets continue to feel the reverberations of the Trump administration’s influence; despite a weakening yen, the Tokyo Stock Exchange closed down sharply at -1.66%, while other Asian markets fluctuated without a clear direction.
Frankfurt stock exchange: +16% Siemens Energy, 2024 profit and increase in targets to 2028
Siemens Energy is celebrating a significant turnaround on the Frankfurt stock exchange, marking its return to profitability in the 2024 financial year along with an upward revision of its medium-term financial targets. By around 11 am, shares of the energy technology conglomerate surged by 16% to reach 45.26 euros, positioning it as the leading performer on the DAX index (+0.45%) as well as the Stoxx Europe 600. With an impressive year-to-date gain of nearly 280%, Siemens Energy’s stock has rebounded strongly after enduring prolonged struggles due to the poor performance of its Spanish wind energy subsidiary, Gamesa.
In the third quarter of this year, Spotify’s total revenues grew by 19% compared to last year, reaching 4 billion euros; gross margin was a record 31.1% (473 basis points higher year-on-year) and gross profit continued to exceed 1 billion euros for the second consecutive quarter. Operating income also improved, reaching a new quarterly peak of 454 million euros. This can be read in a note which specifies that monthly active users have grown by 11% compared to last year, reaching 640 million, while subscribers have grown by 12% compared to last year, reaching 252 million.
Asian stock markets close in no particular order, with Chinese markets improving towards the end and reversing losses due to improved sentiment. Shanghai rose by 0.51% to 3,439 points and Shenzhen by 0.4% to 11,359 points. However, investors remain jittery following reports indicating that US President-elect Donald Trump is likely to appoint ‘hawks’ like Marco Rubio, Mike Waltz, and Kristi Noem to pivotal Cabinet positions. As investors gauge the economic landscape in China amid lackluster data and a disappointing stimulus package, there is heightened anticipation for the significant US inflation data scheduled for release today, which could have a profound impact on the Fed’s policy direction. Hong Kong finished trading slightly lower, trimming its losses to close at down 0.12% at 19,823.45 points.
Bitcoin falls 1% to $87,432
The rally in cryptocurrencies has come to a halt, following the notable increases that coincided with Donald Trump’s election as President. Bitcoin, although remaining at elevated levels, saw a decline of 1% to $87,432, having almost touched the $90,000 mark just prior. Other major cryptocurrencies also experienced downturns, with Ethereum down by -3.8%, Binance falling 2.9%, and Cardano plunging 7.2%. Dogecoin dropped to 0.3737, down 2.01% after a notable gain to 0.4394 the previous day.
European stock markets attempt a rebound and turn higher, less than an hour after the start of trading. London gains 0.05%, Frankfurt rises by 0.16%, Paris by 0.13% and Madrid by 0.12%. Piazza Affari marks +0.24%. Investors’ focus is on US inflation, due in the early afternoon, which could influence the Fed’s next monetary policy move. Traders also continue to assess the potential impact of President-elect Donald Trump’s policies on economies and financial markets in Europe. On the macro front, the day remains relatively sparse, while the quarterly reporting season continues.
German automotive giant Volkswagen has officially launched a joint venture with US electric vehicle maker Rivian, committing to an investment of 5.8 billion euros ($6.2 billion), 800 million euros more than planned previously, to accelerate the transition to electric vehicles. The partnership is expected to produce its first models based on Rivian’s advanced electric car technology starting in 2027, VW Group CEO Oliver Blume said at the joint venture’s launch in Palo Alto, Northern California. Volkswagen, Europe’s largest automaker, aims to leverage Rivian’s innovative electrical and software architecture to streamline its electric vehicle lineup. The collaboration will focus on a range of technologies, including software systems, control computers, and network architecture.
The price of Brent is stable this morning. The barrel is in fact being traded at 71.98 dollars, with an increment of 0.13%.
Mark earlier. Ethereum also faced challenges, dropping 3.8%, while Binance Coin and Cardano fell by 2.9% and 7.2% respectively. Dogecoin, the perennial performer, slipped to 0.3737, maintaining its reputation for volatility. Investors are keeping a close eye on the crypto market as uncertainty looms, hoping for a rebound just like the stock markets are attempting.
In the world of oil, Brent crude prices remain stable at $71.98, inching up by a mere 0.13%. This slight increase reflects a steadying market, quite unlike the roller coaster rides seen in other sectors. With the global economy still on shaky ground, stability seems to be the order of the day for oil traders. They are likely thankful for a sense of normalcy amidst the market chaos elsewhere.
Automotive enthusiasts have something to cheer about as Volkswagen strengthens its collaboration with Rivian, throwing down 5.8 billion euros towards electric vehicle development. The German automaker looks set to unveil new models by 2027, signaling its commitment to the electrification trend that’s reshaping the automotive landscape. This joint venture aims to redefine road travel experiences and capitalize on the booming demand for electric vehicles. Buckle your seatbelts; the future of cars just got exciting!
we find ourselves in a whirlwind of stock market events, from spirited rebounds in Europe to the electric surge of Siemens Energy. Everyone is waiting with bated breath for the US inflation data that could shift the financial tides. As Seattle’s ‘seismic event’ unfolds in the form of the Fed’s potential decision, investors hope for clarity amidst the sea of uncertainty. Keep your eyes peeled and your portfolios diversified, folks! The market is as unpredictable as ever and these next few hours could prove pivotal for economies worldwide! 🥂
