JPMorgan has raised its outlook on Mexican equities to “overweight” while downgrading Brazilian stocks to “neutral,” reflecting a divergence in economic prospects across Latin America. JPMorgan’s upgrade of Mexican stocks stems from the country’s strong economic ties with the United States. Strategist Emy Shayo Cherman explained that resilient US growth…
The demonstration of growing reliance on welfare-driven mandates in the recently concluded state elections in India, along with an expected uptick in winter demand has brought attention to FMCG stocks. Even though urban demand remains an issue, the uptake of winter portfolios in November is likely to provide a boost…
Consumer spending continues to drive growth for the US economy. At the same time, inflation remains stubbornly above the Federal Reserve’s 2% target, with core prices climbing 2.8% year-over-year. Policymakers are considering further rate cuts, while the new US President threatens more tariffs. Nevertheless, the US economy remains resilient, even…
Analysts at Bank of America have forecast a volatile metals and minerals market in 2025, according to a Reuters report. The volatility in the metals market would be influenced by potential trade policies, supply constraints and demand shifts, the analysts said. The bank projected aluminium and copper prices to decline…
Donald Trump’s pledge to impose tariffs of up to 20% on global imports, with even higher rates for China and Mexico, could have significant implications for British exporters. With the United States serving as a primary market for UK goods like Land Rovers, machinery, chemicals, and pharmaceuticals, Britain faces unique…
Donald Trump plans on raising tariffs by 10% on goods from China while imports from Canada and Mexico will also see a 25% increase in tariffs, as per his recent announcement on Truth Social. Retail stocks are broadly expected to feel the pressure as higher tariffs take effect. Still, Oppenheimer…
The KOSPI index index remained under pressure on Thursday after the Bank of Korea delivered its second interest rate cut of the year. The index, which tracks the biggest companies in South Korea, retreated to KRW 2,505, down by 25% from its highest level in 2021. Bank of Korea rate…
The Kering share price continued its strong downtrend this week as concerns about the luxury goods giant continued. KER, the parent company of Kering, Saint Laurent, and Bottega Veneta, slumped to €220, down by over 70% from its highest level in 2021. The fall of Gucci’s parent continues Kering is…
Asia-Pacific markets showed a mixed performance on Thursday as investors reacted to a surprise interest rate cut by South Korea’s central bank and digested data on US inflation. Meanwhile, Wall Street’s rally came to a halt during a thin trading session. South Korea surprises with rate cut The Bank of…
The demonstration of growing reliance on welfare-driven mandates in the recently concluded state elections in India, along with an expected uptick in winter demand has brought attention to FMCG stocks. Even though urban demand remains an issue, the uptake of winter portfolios in November is likely to provide a boost…