By Deborah Cunningham The ability of the new Chair, Kevin Warsh, to lead the Federal Reserve will depend on the market believing that he is not beholden to President Trump. Being sworn in at a ceremony held at the White House has not done him any favours. It was the first time since President Reagan swore in Alan Greenspan that the ceremony took place there rather than at the central…
A new all-time high for Micron and a 10% rally in SK Hynix have expanded the select list of the ‘Trillion-Dollar Club’ to 15 companies, a third of which belong to the semiconductor sector. Report by Morgan Stanley Following the new all-time high reached on Tuesday by Micron, the company has joined for the first time the exclusive group of firms with a market capitalisation exceeding $1 trillion – a…
This Thursday marks three months since the start of the Iran war, whilst peace negotiations continue – negotiations that do not appear to be bearing fruit. Meanwhile, the energy crisis continues to take its toll on the global economy. In fact, Scope Ratings forecasts that “the price of oil will average around $100 per barrel in 2026 and that, from then on, it will fall only gradually, remaining in 2027…
Report by Pablo Duarte The market is faced with a robust US economy and a weak eurozone: inflation is rebounding, driven by energy prices, whilst geopolitical risks are mounting. At the same time, expectations regarding interest rates are increasingly diverging, and global growth forecasts have been revised downwards. The global economy is reeling, energy costs remain sky-high, the war in Iran is driving up transport costs and fuelling serious fears…
Reported by Consejeros Editorial Team According to World Bank estimates, this is three times the amount raised in 2016 (less than $30 billion). The World Bank documents 87 active policies worldwide and notes that coverage could approach one-third of global emissions if more emerging economies adopt these instruments. The annual report entitled State and Trends of Carbon Pricing 2026 reveals that there are currently 87 carbon pricing policies worldwide, an…
Reported by Consejeros Editorial Team Samsung shares rise by 8% after reaching a last-minute agreement with the unions, averting an 18-day strike due to begin yesterday. The strike had raised concerns within the government over a potential disruption to the global supply of semiconductors. The South Korean company’s union stated that the provisional agreement will be put to a vote by its members between 23 and 28 May. The consensus…
Report by Renta 4 European markets opened without significant movement (Eurostoxx futures down 0.2%, S&P futures down 0.1%, Nasdaq futures down 0.2%), reflecting yesterday’s results from Nvidia following the US market close, which saw a slight decline (down 0.5% in after-hours trading), despite beating consensus estimates (EPS $1.87 versus $1.76 estimated and 2Q26 guidance $91,000 million versus $86,790 million estimated). The Kospi is up 8.2% in today’s session, driven by…
Reported by Divacons The meeting between the South Korean company and its union has failed in its latest attempt to avert the biggest strike in the tech giant’s history, which is planned to last 18 days and is set to begin tomorrow if the dispute is not resolved at the last minute. The strike would involve more than 45,000 workers. The union is demanding that Samsung remove the current cap…
By Martin Wolburg Just as signs of a recovery in economic activity were beginning to emerge, the conflict with Iran has started to weigh on the eurozone economy. Confidence indicators deteriorated significantly in April: the composite PMI fell below the expansion threshold to 48.6, and consumer confidence dropped to its lowest level since the start of the pandemic. Rising energy prices are eroding real incomes, and inflation accelerated from 1.9%…
By Alicia García Herrero The images of the meeting between Donald Trump and Xi Jinping in Beijing tell a story: two leaders surrounded by business delegations, flanked by CEOs, toasting the promise of renewed trade relations. Public reports of the talks refer to the creation of new trade bodies and regulatory frameworks for investment, rumours that US financial firms have finally managed to break into the Chinese market and that…