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nasdaq pantallas

World economy 24th July 2023

Microsoft, Apple, Nvidia, Amazon and Tesla to all see their Nasdaq weights reduced from Monday

Bankinter: The Nasdaq will start trading this Monday with the new adjustment of the weights of its components. The Nasdaq can perform a special rebalancing when the aggregate weighting of the stocks in its index with an individual weighting of more than 4.5% exceeds 48% of the index total. The rebalancing aims to reduce this weighting to a maximum of 40%. The final weightings have not yet been published, although…

banco japon

In the World 21st July 2023

Japan raises inflation forecast to 2.6% in 2023, up from previous 1.7%

BancaMarch: Japan’s government has raised its inflation forecast to 2.6% for 2023, well above the previous 1.7%. Considering that on Thursday of next week there is to be a meeting of the Central Bank of Japan, the market is closely watching the consequences that this announcement may have on the lax monetary policy that the Asian country has been defending. It should be recalled that, at the beginning of this…

Reino Unido economia

World economy 20th July 2023

UK CPI stands at 7.9% year-on-year in June, first time below +8% in over a year

Banca March: The latest UK inflation data has surprised on the downside as it has moderated more than expected. The UK economy’s CPI slowed its pace of growth in June, rising +7.9% year-on-year versus +8.7% the previous month. In addition, the underlying rate also showed positive signs as it moderated by two tenths to +6.9%, with services inflation also moderating by two tenths to +7.2%. These data surprised on the…

G20

World economy 18th July 2023

G20 in India discusses reform of multilateral agreements between development banks

Banca March: G20 finance ministers and central bankers meet in India to discuss reforming multilateral arrangements between development banks and easing the debt burden on developing countries. Meanwhile, US Treasury Secretary Janet Yellen has held talks with her Indian counterpart Nirmala Sitharaman with the aim of strengthening relations with the Asian country.

China

World economy 18th July 2023

China’s GDP data point to need for stimulus, but will it come?

China published its second-quarter GDP data on Monday with a big – but disappointing – number, 6.3% growth year on year. The reason for the disappointment comes from the hugely positive base effect, as last year’s second-quarter GDP growth was virtually because of the severe lockdowns happening in Shanghai and elsewhere in the country. The underwhelming growth in the second quarter is not all about the lack of external demand….

SP500

World economy 17th July 2023

S&P 500 being close to a correction ought not change anything

Renta 4| The rise of the S&P 500 is starting to show signs of excesses in the short term, such as the appearance of bearish divergences at high overbought levels or the excessive complacency readings in sentiment indicators. The proximity of a corrective leg in the coming weeks would not be surprising nor would it undermine the good momentum as long as the American benchmark remains above its main short-term…

china shipping

World economy 14th July 2023

China’s trade surplus falls to $70.62 billion in June against $97.37 billion a year ago, reflecting economic slowdown

Bankinter| According to data from the General Bureau of Customs, China’s trade surplus fell to $70.62 billion in June from $97.37 billion in the same period last year, a lower reading than the $74.8 billion expected by the analyst consensus, as exports fell more than imports, amid persistently weak global demand. Exports through customs fell by 12.4% year-on-year in June, a larger drop than the 9.5% expected by the consensus…

Servers

In the World 13th July 2023

OECD in favour of extending global tax veto on big tech

Banca March: More than 130 countries have extended by 18 months, until 2025, the controversial ban on taxing tech giants wherever they operate. Five countries, including Canada and Russia, oppose the extension. Plans to introduce national taxes on digital services were also agreed to be postponed for another 12 months. The aim is to allow more time to ratify the global tax agreement signed in 2021, which they have not…

FederalReserve

World economy 12th July 2023

Fed wants to expand number of supervised banks by including those with assets of at least $100 billion

Banca March| The Fed has proposed, in its role as supervisor of the US banking sector, to apply stricter controls on capital levels to a larger number of institutions. This role will include, according to the new plan, those financial institutions with assets of at least $100 billion. According to Michael S. Barr, vice-president for supervision, with this new threshold, a greater number of institutions will be subject to stricter…

biogen

In the World 10th July 2023

US regulators approve first drug to slow progression of Alzheimer’s

Bankinter| Biotech led falls in the session after the FDA (regulatory agency) approved its Alzheimer’s drug, developed together with Eisai, the first to delay the progression of the disease. The problem came from unexpected testing requirements and side-effect warnings about the drug, which could limit its effective use.