Key Points: EU Economic Decline: Weak industrial policy causes the EU to lag behind the US and China. Global Industrial Policies: Over 2,600 new policies in 2023 highlight their importance. EU Initiatives Criticized: Green Deal and Net Zero Industry lack focused innovation support. UK Economic Recovery: UK grew 0.7% in Q1 2024, showing recovery signs. …
EU’s Economic Step Back Amid Industrial Policy Lapses Read More »
Quick Look Market Optimism: Nasdaq and S&P 500 futures rose in hopes of moderating inflation. Stock Surge: Trump Media & Technology Group Shares surged nearly 13% after Biden’s debate performance. Other Stocks: Phunware increased by 8.1%, and Rumble gained 0.5% in premarket trading. Investor Sentiment: Investors’ optimism tied to Trump’s historical market impact and political …
Quick Look: Copper is poised for consolidation at $4.3500; MA55 indicates stabilisation. The stochastic indicator shows potential bullish momentum ahead. Analysts target $4.5500 and $4.6800, with $4.3500 as a crucial support level. The copper market is currently moving toward consolidation around the $4.3500 level. Simultaneously, the MA55 moving average indicates a stabilising trend. Recent movements …
Copper Market Set for Consolidation Around $4.3500 Read More »
Quick Look: Economic Data Impact: Retail sales and inflation data may signal a BoJ rate hike in July. USD/JPY Movement: Struggles to breach JPY160; potential interventions around JPY159.50. US Influences: US housing data and FOMC speeches could influence USD/JPY. The Japanese Yen takes centre stage as the USD/JPY pair hovers within the intervention zone. Key …
USD/JPY Faces Intervention Risk; BoJ Rate Hike Possible Read More »
Quick Look: Alnylam’s stock surged 38% to $225.35 after positive study results for its heart drug, vutrisiran. Vutrisiran showed a 33% reduction in deaths and cardiovascular events in a 655-patient study. Alnylam will file for FDA approval later this year, aiming for a priority review. On Monday, Alnylam Pharmaceuticals experienced a significant boost in its …
Alnylam Stock Surges 38% to $225.35 on Heart Drug Success Read More »
Quick Look: Belgium introduces a new digital ID wallet, secured by Cryptomathic, aligning with EU regulations. MyGov.be App – a new secure app for Belgian citizens to access and store official documents like ID cards and driving licenses. Cryptomathic’s Mobile App Security Core provides tamper-proof, robust security for the digital ID wallet. New EU laws …
Belgium’s New Digital ID Wallet Secured by Cryptomathic Read More »
Quick Look: Analyst Ratings: Denali Therapeutics holds a “Moderate Buy” with an average target price of $40.22. Stock Metrics: Currently at $22.63, the market cap of $3.23B, a PE ratio of -23.57, and a beta of 1.37. Earnings: The latest EPS is -$0.68, slightly above the estimate of -$0.69, with a net margin of -36.51%. …
Denali Therapeutics Set for Growth with $40.22 Target Price Read More »
Quick Look: March: BOJ raised rates for the first time since 2007, indicating a shift to conventional monetary policy. April: Government intervention stabilized the yen from ¥160 to ¥153 after sharp depreciation. June: BOJ reduced JGB purchases and planned a detailed bond reduction strategy for the next 1-2 years. Ongoing Challenges: Yen remains weak due …
BOJ’s First Rate Hike Since 2007 Amid Policy Shifts Read More »
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