Ferrari’s Stock Sags After Record Highs, Despite Strong Q2 Results
The Italian luxury sports car maker is having a great year and its stock (RACE.it) hit record highs in July, but retreats in the current quarter, despite strong results and guidance
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The Italian luxury sports car maker is having a great year and its stock (RACE.it) hit record highs in July, but retreats in the current quarter, despite strong results and guidance
The index made a poor start to the week, after Monday’s timid rate cut by the central bank and overall modest actions to support the failing recovery of the Chinese economy, but rises today
The pair is running a losing month, which puts it in a precarious position, despite prospects for more tightening by the Bank of England given high elevated inflation and wages
Chinese authorities are trying to prop the frail recovery, but are sticking to modest actions so far and today’s timid rate cut by the central bank was another sign of that
The commodity heads towards its first losing week in around two months, weighed by fears over the Fed’s policy outlook and China’s economy
The UK index heads towards a losing week and is in risk of new 2023 lows, as the latest inflation and employment reports keep the central bank on its tightening path
Today’s CPI data from Japan came in mixed, but showed that inflation remains elevated and the pair slides after its 2023 highs, hovering around last year’s intervention levels
This week’s data from the UK showed that headline inflation eased further in July, but remains far from target and that wages increased further, keeping pressure on BoE for further monetary tightening
The US index is having a bad month and dropped into the daily Ichimokou Cloud yesterday, as strong data and the Fed minutes keep the door open to further monetary tightening, but reacts today
The Aussie falls to new lows for the year today, weighed by the increase in Australian unemployment, which can help the central bank stay on the sidelines again
China’s stock markets are weighed by renewed fears around the property market, after Country Garden’s profit warning, as recent data point to frail recovery of the world’s second largest economy
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