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Based on Investopedia’s sentiment indicators, Silver believes that, overall, the stock’s decline would not possibly have lasted long enough to literally sign on with individual investors. “Although we have had those kinds of breaks. . . This rotation is very healthy and I think investors who have gone through a few cycles know this. They know that expanding the breadth of the market is smart for the overall state of the bull market,” he said.
So what is Investopedia’s audience interested in right now? The election, though Silver points out that it’s not necessarily about who wins, but rather what kind of chaos we can expect before and in this election. He also notes that there is interest in debt levels consistent with the president, inflation rates consistent with the president, and investments in small cap companies.
For more information and the latest market actions, click here to watch this full episode of Asking For A Trend.
The FTSE 100 and European markets rose in early trading in London on Monday ahead of a mixed afternoon, while US indices fell as investors turned their attention to the Federal Reserve’s decision on interest rates, the information on employment and profits of large technology companies.
The FTSE one hundred (^FTSE) rose 0. 1% last bell, and the FTSE 250 (^FTMC), more focused on the domestic market, fell 0. 5%.
Germany’s DAX (^GDAXI) fell 0. 6% and Paris’ CAC (^FCHI) fell around 1%.
The pan-European STOXX Six Hundred Index (^STOXX) fell 0. 2%, after appearing earlier.
In the United States, the Dow Jones Industrial Average (^DJI) fell by around 0. 2%, following an issuance of more than 650 issues for the blue-chip index.
No resolution is expected from the Federal Reserve at the end of its meeting on Wednesday, despite signs that the US economy and inflation have reached a sweet spot. Many on Wall Street see other reasons why the central bank would wait until September to act. .
In the United Kingdom, Chancellor Rachel Reeves addressed Parliament on Monday to call for “immediate action” to tackle what Labour called a “cover-up” by the previous government in terms of public spending. It accompanied it by publishing a Treasury audit of public finances.
Visit our American page for more data on market developments.
Here’s the latest, following Rachel Reeves’ speech in parliament.
From our American colleagues:
Starbucks (SBUX) investors are wary of Tuesday’s earnings release.
Its shares are down just 28% from a year ago, when the coffee giant painted a picture of a resilient customer with 10% sales growth. Today, we have to have other expectations.
Third-quarter earnings are expected to rise 0. 37% to $9. 2 billion, according to Bloomberg consensus estimates. Percentage-consistent adjusted earnings are expected to be $0. 92, down from $1. 00 a year ago.
Same-store sales are expected to decline for the second quarter in a row, by 2. 71%, while overall foot traffic is expected to decline by 4. 27%.
The average check amount is expected to increase by up to 1. 98% as menu costs increase. This could also be boosted by new pieces introduced during the quarter, such as shiny boba-like pearls and frozen energy drinks. “pairing menu,” which allows consumers to get a small iced or hot coffee with a butter croissant or breakfast sandwich for $5 or $6.
Bitcoin rose to a six-week high, trading near the $70,000 mark on Monday, following former U. S. President Donald Trump’s revamp of the cryptocurrency over the weekend.
The world’s largest cryptocurrency was valued at $69,495 (£54,254) at the time of writing, up 2. 9% on the session.
Trump was the keynote speaker on Saturday at the Bitcoin 2024 conference, a gathering of industry heavyweights in Nashville, Tennessee. The Republican presidential nominee used the occasion to woo the electorate and inspire cross-donations from the tech community.
Trump has stated his goal of making the United States the “crypto capital of the world” if he is re-elected. He trusted that he would keep one hundred percent of the Bitcoin that the US government owns or acquires lately, proposing the creation of a “national Bitcoin inventory. “
In addition, Trump announced plans to “immediately appoint a Presidential Advisory Council on Bitcoin and Crypto,” bolstering his own for the industry. He also pledged to fire SEC Chairman Gary Gensler if elected.
“I think you’re still in your infancy,” Trump said at the meeting of crypto industry leaders. “I can see this happening. In just 15 years, Bitcoin has gone from an undeniable concept posted anonymously on a forum to the ninth most valuable asset in the world. “
Trump’s recent statements mark a significant change from his 2021 comments, when he called bitcoin a negative “scam” for the price of the US dollar.
Here’s our full version.
The biggest problem for the FTSE on Monday was client organization Reckitt Benckiser, which fell following a ruling against Abbott Laboratories in the United States on Friday, as investors considered the possible repercussions.
Abbott will pay $495 million after allegedly concealing the dangers of his premature infant formula. The litigation alleged that the formula caused a life-threatening intestinal disease.
Shares fell more than 9% in morning trading.
Again, from Pedro Gonçalves:
Heineken shares fell on Monday morning after the brewer missed profit expansion expectations for its first-half performance.
The company posted a net loss of €95 million in the first part of the year (£80. 3 million, $103. 1 million) compared to a profit of €1. 16 billion a year earlier, after amortising the value of its stake in Chinese brewer China Resources Beer. (0291. HK). , resulting in significant deterioration.
Heineken announced a one-time impairment rate of 874 million euros (£737. 5 million) after writing off its stake in China’s largest brewer.
The Dutch brewer attributed the writedown to concerns about the call for securities in mainland China. The deterioration prompted Heineken, the world’s second-largest brewer, to cut its full-year operating profit forecast to a variation of between four and eight percent.
Operating profit grew 12. 5% organically, below the company’s consensus forecast of 13. 2%. Beer sales, which were expected to grow 3. 4%, rose as much as 2. 1%.
“Heineken gained momentum following upbeat comments at a recent conference, leading the market (and ourselves) to its estimates,” Barclays analysts said in a note on Monday.
“However, those effects did not meet forecasts, suggesting that there is a gap between the company’s messages and analysts’ expectations. This wants to close.
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Alice Haine, personal finance analyst at Bestinvest through Evelyn Partners, said:
“U. K. net loan approvals – an indicator of long-term borrowing – were largely unchanged in June compared to May, despite hopes of an interest rate cut this summer, which It would deserve to awaken more buyers, especially those waiting in the wings to obtain better debt conditions, to immerse themselves in the market. Interest rates have remained stuck at a 16-year high of 5. 25% since August last year, although this appears to have had an effect on net lending, which has more than doubled to £2. 7bn pounds in June, up from £2. 7 billion. 1. 3 billion in May.
“Affordability has been a major barrier for first-time buyers over the past few years. The toxic combination of high inflation, high borrowing costs and falling real wages has made it much more difficult for those who move to get the homes they want, forcing some to postpone their plans until the loan and others lower their aspirations.
“Those who already had a loan also suffered when their loans at a reasonable rate of constant interest ended and they had to apply for a new loan with particularly high repayments. While inflation has now fallen and employees are now reaping benefits from exceptional wage increases, and most families are managing to adjust their finances to the new reality of indebtedness, others have struggled as the burden of high pay costs dealt a severe blow to their family. budget.
Here are the highlights from the Bank of England’s latest lending data:
Individuals borrowed £2. 7 billion net of credit debt in June, with £1. 3 billion in May.
Net loan approvals for home purchases remained strong at 60,000 in June, while new loan approvals declined from 29,300 to 27,500 during the same period.
Net customer borrowing fell in June to £1. 2 billion, compared to £1. 5 billion in May.
Private non-financial companies (PNFCs) raised £6. 7 billion net in investments in June, up from £4. 2 billion in May. The construction surge was fueled by £4 billion in net bond issues and £3. 6 billion in loans from banks and building societies.
A dispatch from our reporter Pedro Gonçalves:
Education publisher Pearson has reported declining sales over the past six months, but has announced plans to leverage advances in synthetic intelligence (AI) to drive long-term growth.
The FTSE hundred (^FTSE) reported to shareholders a slight increase in profits during the period, implying “strong” performance in the first part of 2024 and “operational progress” in its business segments.
Pearson said sales fell to £1. 75 billion for the six months ended June 30, with £1. 88 billion for the same time last year. However, the company’s evaluation and qualification department saw its turnover grow by 2% in the first half of the year. By contrast, its virtual school business saw a 1% drop due to contract losses, and higher education sales declined 2%. On a positive note, Pearson enjoyed an 11% increase in its English learning sales.
The company also said adjusted operating profit rose 4% to £250 million in the period.
Despite the drop in sales, Pearson maintained its sales and profit forecasts for the year
Chief Executive Officer Omar Abbosh said: “Significant demographic shifts and immediate advances in AI will be drivers of the expansion of education and painting in the coming years, and this highlights Pearson’s strengths as a trusted provider of learning and assessment services.
“We are implementing plans across all of our businesses that will allow us to supply greater products and facilities with greater efficiency. We are also focused on opportunities to gradually increase our presence in specifically larger, higher-growth markets where we are well placed to succeed, with a specific emphasis on entrepreneurial and early career skills.
Shares in gambling empire Entain were among the biggest fallers on the FTSE 100 on Monday morning following a trading update that showed its 50%-owned BetMGM joint venture would continue to post losses for some time.
The losses come despite first-half revenue reaching $1 billion, a 6% year-over-year increase.
As for the explanation for the losses in the second part of the year, Entain cited a “larger than expected” investment in iGaming. Losses in the first part of the year reached 123 million dollars.
Inventory was down 2. 8% by mid-morning.
Last week, retail conglomerate John Lewis gave the green light to build 353 rental apartments on top of an existing Waitrose store in Bromley.
The 24-story construction will be a new source of profit for the company and is expected to include one- to three-bedroom units.
Although in particular the building authorization states that a tenth will be “affordable,” activists claim that this is not the case. John Lewis has already reneged on its promise that 35% would be affordable, in line with Bromley Council’s targets.
An update from our U. S. on Friday:
U. S. stocks closed a volatile week with a glimmer of optimism, as investors returned after promising insight into inflation and tighter expectations of interest rate cuts ahead.
The Dow Jones Industrial Average (^DJI) added 1. 6%, or more than 650 points. The S
Shares fell after a series of choppy sessions. The Nasdaq and S&P 500 have been hurt by gains from big tech corporations that have undermined confidence in AI trading, fueling a continued exodus from mega-cap stocks to small-cap stocks.
The Nasdaq lost 2% for the week, while the S
Asian stock indexes edged higher in Monday’s session, reflecting bullish sentiment in the United States on Friday. Investors are keeping an eye on the central bank meetings of Japan and the United States later in the week.
Hong Kong’s Hang Seng (^HSI) rose 1. 5%, while Japan’s Nikkei (^N225) rose 2. 1% and Korea’s Kospi (^KS11) jumped 1. 2%. %.
Japanese market watchers expect the central bank to raise its key interest rate from degrees near zero.
Hello from London. Here, Lucy Harley-McKeown brings you the latest market news as we kick off the week.
Today we are aware of customer credit and loan approvals in the UK, through the Bank of England. Tomorrow it will be the GDP of a multitude of European countries, as well as the EU.
The FTSE one hundred will open higher this morning; Let’s get to it.
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