Month: December 2023

Japan Ups GDP Forecast

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🇯🇵 🇯🇵 Japan’s government raises its GDP growth estimates for FY2023/24 and FY2024/25. real economic growth rate for fiscal 2023/24 is estimated at 1.6%, up from 1.3%. fiscal 2024/25 economic growth projection was bumped up to 1.3%
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Citi Shuts Distressed Debt Business

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🇺🇸 🇺🇸 Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
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Developed Markets Outperform

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🌍 🌏 A stellar year on Wall Street is propelling the biggest rally since 2019 in the MSCI World Index of developed-market equities, pushing the gauge closer to its record high and leaving emerging-market peers trailing far behind
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Bill Gates: AI Will “Supercharge Innovation”

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🧠 🧠 Bill Gates predicts that 2024 will see significant AI adoption and usage, even for serious applications, in high-income countries. This will “supercharge” innovation
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MCD Has At Least 20% Upside

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🍔 🍔 HSBC singled out McDonald’s Corporation as one of the top restaurant stocks to own in 2024
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Euro Perks Back Up

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🇪🇺 🇪🇺 Euro perks back up as the dollar falls on declining Treasury yields
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S&P: Correction Due

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🚨 🚨 The daily RSI on the index is now trading at 82.2, one of the highest prints on record
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India: The Party Will Continue In 2024

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🇮🇳 🇮🇳 India’s booming market for equity sales is expected to remain buoyant into the new year as high valuations attract companies and shareholders seeking funds while stock-price gains entice investors avoiding China
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Big Pharma: History Made In 2023

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💊 💊 The weight loss drug market transformed into the pharmaceutical industry’s newest gold rush this year, as demand for costly but highly effective treatments surged. Patients and investors also saw that the benefits of the medicines could extend beyond their original purposes
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US 30-Year Mortgage Rates Drop For Fifth Week

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🏠 🏠 US mortgage rates slid for a fifth-straight week, reaching the lowest level since June in a welcome sign for potential home buyers
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