The world’s largest listed fast-fashion retailer, Inditex (BME:ITX), the parent company of Zara, reported a slightly underwhelming third-quarter performance on Wednesday, falling short of analyst expectations. Despite this, the company showcased a promising start to the crucial holiday shopping season, offering a glimmer of optimism amidst challenging circumstances. Currency fluctuations…
The UK stock market faces another significant setback as Ashtead, a prominent member of the FTSE 100 and one of London’s most valuable listed companies, announces its intention to move its primary listing to New York. With this decision, Ashtead has joined the list of some major corporations seeking higher…
In a troubling economic development, Brazil’s annual inflation rate increased to 4.87% in November, the highest rate in 14 months. The gain from 4.76% in October exceeded market forecasts of a small increase to 4.85%. Rising consumer prices, higher government spending, and shifting inflation expectations point to a complicated economic…
Small-cap stocks have enjoyed a stellar 2024, with the S&P 600 index soaring more than 14% year-to-date, driven by optimism surrounding President-elect Donald Trump’s fiscal policies. This performance marked a significant milestone for the index, which recently closed at a record high of 1,544. Small-caps benefited from their exposure to…
Gold prices hit a near one-month high on Wednesday, fuelled by increasing safe-haven demand amid heightened geopolitical tensions. Meanwhile, demand from global central banks have also boosted sentiments in the market. At the time of writing, the February gold contract on COMEX was $2,730.80 per ounce, up 0.5% from the…
The UK economy isn’t in freefall, but it’s barely moving forward. Growth forecasts are shrinking, inflation refuses to drop, and businesses are feeling the squeeze. The British Chambers of Commerce (BCC) has cut its 2024 GDP growth prediction to 0.8%—down from 1.1%—while inflation is expected to hover above the Bank…
Causeway Capital Management remains bullish on Kia Corp (KRX: 000270) despite the ongoing political uncertainty. In fact, shares of the automotive giant are its largest active South Korean holding at writing. President Yoon Suk Yeol declared an emergency martial law in South Korea last week that the country’s lawmaker voted…
Wolfe Research analyst Alex Zukin recommends loading up on Oracle Corp (NYSE: ORCL) on the post-earnings weakness as it’s effectively the fourth hyperscaler for new AI workloads. Oracle came in slightly below Street estimates for its fiscal second quarter last night. But the investment firm still finds its shares worth…
In a troubling economic development, Brazil’s annual inflation rate increased to 4.87% in November, the highest rate in 14 months. The gain from 4.76% in October exceeded market forecasts of a small increase to 4.85%. Rising consumer prices, higher government spending, and shifting inflation expectations point to a complicated economic…
Illegal cryptocurrency mining has become a significant issue in Paraguay, prompting concern among energy regulators. According to the National Electricity Administration (ANDE), this illegal activity is primarily responsible for rising electrical losses, which have now surpassed 28%. As the popularity of cryptocurrencies grows, so does the impact of unregulated mining…