Month: February 2024

Japanese Investors Pour Billions Into India

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🇮🇳 🇮🇳 Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January. Factoring in the gains of Indian stocks on the yen basis last month, the figures suggest inflows of about ¥140 billion into India equity funds, while Japanese stock funds had almost no net inflows
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Amazon Shines

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📦 📦 Amazon.com Inc. reported strong sales and gave an operating income outlook that surpassed estimates, suggesting that Chief Executive Officer Andy Jassy’s unrelenting cost-cutting and focus on services that make money is reshaping the once free-spending company
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Higher Costs May Cause Inflation To Rise

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🇺🇸 🇺🇸 The latest indication of US inflation pressure rose at its fastest since April 2023. Higher costs are feeding through to increased prices charged for goods by factories, which rose in January at the fastest pace since last April
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Meta Surges After Earnings Beat

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🚨 🚨 Meta stock soars 13% after beating earnings expectations and announcing a quarterly dividend with a $50 billion stock buyback. The stock has added $130 billion in market cap in just 15 minutes
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Apple Stock Drops

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🚨 🚨 Apple stock falls after company gives outlook suggesting weak iPhone sales
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Gold: You Better Believe It

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✨✨ When the expected real interest rates fall, investors buy gold because owning dollars becomes less attractive

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Volvo Jumps 20%

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🇨🇳 🇨🇳 Volvo shares jump 20% on higher sales, plans to stop Polestar funding
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GBP Rises After Split Vote

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🇬🇧 🇬🇧 GBP/USD – Rises After Three-Way BoE MPC Rate Vote Split
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Merck Beats

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🚨 🚨 Merck results beat expectations as top drugs Keytruda, Gardasil post strong sales
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BOE: Interest Rates Are Under Review

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🇬🇧 🇬🇧 BREAKING: Bank of England leaves policy unchanged, says interest rates are ‘under review’
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