Finance

European futures in the red after yesterday’s rebound

European markets could open the session in negative, judging by the movement of futures at this time. Both the future of the Dax as the future of the Cac 40 and the future of the Ibex 35 They are left about half a percentage point at the moment. Most of the stock markets are returning to activity today after the New Year festivities. In commodities, the petroleum It continues to trade volatile, and in cryptocurrencies, the main assets move with a mixed tone this morning.

European markets could open the session in negative, judging by the movement of futures at this time. Both the future of the Dax as the future of the Cac 40 and the future of the Ibex 35 They are left about half a percentage point at the moment. Most of the stock markets are returning …

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The Ibex-35 takes a break waiting for the Fed and US employment

The Ibex-35 takes a break waiting for the Fed and US employment

Spain’s stock index Ibex-35 It started in negative on Tuesday before the collection of benefits after the rebound of the day before and some caution in the face of the news of the Federal Reserve and the labor report of the United States that will be known this week. Minutes of the U.S. central bank’s …

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Bitcoin mining used more electricity than Sweden in 2022, report finds

Bitcoin mining used more electricity than Sweden in 2022, report finds

Reportedly, mining Bitcoin surpassed Sweden’s electricity use last year, but alternatives are emerging in the mining mix. Over the course of 2022, global Bitcoin mining consumed 161 TWh of electricity in total, according to Digiconomist. The technologically skeptical platform said this amount of electricity exceeded the annual usage of a country like Sweden. It found …

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European futures start the week in green

European futures in green at the start of the week

European markets could open the session positive, judging by the movement of futures at this time. The future of the Dax up 0.1% and future of the Ibex 35 It earns 0.5% right now. Wall Street closed Friday in the red and Asia and the US remain closed today for the New Year’s holiday. In …

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Taliban Seek Economic Self-Sufficiency and Foreign Investment for Afghanistan

Taliban Seek Economic Self-Sufficiency and Foreign Investment for Afghanistan

The Taliban administration will promote self-sufficiency and want international trade and investment, the acting trade minister said, as Afghanistan faces isolation and suspension of some humanitarian operations over restrictions on women. “We will start a national self-sufficiency program, we will encourage all government administrations to use national products, we will also try to encourage people …

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Manila airport resumes operations after more than 280 cancellations

Manila airport resumes operations after more than 280 cancellations

Manila airport resumed operations on Monday, despite suspending about thirty routes, after canceling or diverting more than 280 flights on Sunday due to technical problems, the Philippine Department of Transportation reported. The Secretary of Transportation, Jaime Bautista, said that “they have identified the main cause of the problem” that affected the loss of electricity and …

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Lagarde welcomes Croatia to eurozone and highlights her effort

Lagarde welcomes Croatia to eurozone and highlights her effort

The President of the European Central Bank (ECB), Christine Lagarde, welcomed Croatia today and highlighted the effort made by that country to become the twentieth member of the eurozone. “For us at the ECB this New Year’s Day is especially important, because we welcome a new member to our family: Croatia. Welcome!” said Lagarde in …

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Investment managers bet on debt versus shares in 2023

Investment managers bet on debt versus shares in 2023

Investment fund managers are betting on fixed income against equity markets in 2023 in a scenario in which all forecasts point to high interest rates for a while and uncertainty due to geopolitical tensions. Companies agree that fixed income, whether public or private debt, will offer the best results in terms of risk-return, as the …

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Foldable mobile shipments will grow 52% in 2023 to 22.7 million

Foldable mobile shipments will grow 52% in 2023 to 22.7 million

Foldable mobile phone shipments will grow by 52% globally in 2023 compared to 2022, to 22.7 million units sold, in a year in which competition will “intensify”, but Samsung (KS:005930) will continue to lead the market, according to the forecasts of the consultancy Counterpoint Research. The technology consultancy has reduced by more than 10 points …

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The BOE publishes the new CNMV circular that simplifies accounting rules

The BOE publishes the new CNMV circular that simplifies accounting rules

The Official State Gazette (BOE) publishes this Saturday the new circular of the National Securities Market Commission (CNMV), which enters into force on January 1 and which updates and simplifies accounting obligations and standards, and intermediate financial statements. Specifically, explains the CNMV in a press release, the text significantly simplifies the obligations, standards and states …

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Government rejects legal actions by Canadian mining copper in Panama

Government rejects legal actions by Canadian mining copper in Panama

The Government of Panama rejected on Friday two legal appeals filed by the subsidiary of the Canadian mining company First Quantum Minerals (FQM), which operates a large mine in the country. copper and whose cessation of commercial operations it ordered after a new concession contract had not been signed. “Today, the Panamanian Government has issued …

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What awaits the Cardano (ADA) price in January 2023?

What awaits the Cardano (ADA) price in January 2023?

The price of Cardano (ADA) has fallen after a break from the horizontal area of $0.350 and could fall to $0.150 due to several bearish readings. ADA is the native token of Cardano’s blockchain platform. The platform uses a Proof-of-Stake (POS) consensus mechanism and specializes in decentralized applications (DApps) and smart contracts. It was founded …

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Transport approves its railway plan until 2026 with more than 24,000 million

Transport approves its railway plan until 2026 with more than 24,000 million

The Ministry of Transport, Mobility and Urban Agenda (Mitma) has approved the Indicative Railway Strategy for the period 2021-2026, which includes mobilizing 24,200 million euros in investments. As published this Friday in the Official State Gazette (BOE), Minister Raquel Sánchez signed on December 23 the ministerial order that gives the green light definitively to this …

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Chinese stock markets fell sharply in a 2022 marked by ‘zero covid’

Chinese stock markets fell sharply in a 2022 marked by 'zero covid'

The economic ravages of ‘zero covid’, the growing geopolitical turbulence, the real estate crisis or the results of the Congress of the Communist Party of China (CCP) caused significant losses in the Asian country’s stock markets, all of them in double digits. The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, was …

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The Cercle d’Economia appoints Miquel Nadal as CEO

The Cercle d'Economia appoints Miquel Nadal as CEO

The board of directors of the Cercle d’Economia has appointed Miquel Nadal, who was Secretary of State for Foreign Affairs between 2000 and 2002, as the new director general of the organization. The Cercle thus resumes the figure of general director, given that until now Mercè Franquesa exercised the role of general secretary, a position …

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Cryptocurrencies: 3 big predictions for January 2023

Cryptocurrencies: 3 big predictions for January 2023

The main cryptocurrency predictions for January 2023 are that the price of Ethereum will outperform Bitcoin, the Bitcoin (BTCD) dominance rate will fall and Sunny spot  will be one of the biggest losers. Ethereum price will surpass BitcoinThe pair ETH/BTC It emerged from a descending resistance line (white) on 27 July and peaked at ₿0.086 on 7 September. …

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European stock markets fall and close a brutal year with weakness

European stock markets fall and close a brutal year with weakness

European stock markets fell on Friday, and investors were cautious about the end of a brutal year marked by Russia’s war in Ukraine, rising inflation and tightening monetary policy. At 03:15 ET (08:15 GMT), the DAX index in Germany it was trading 0.6% down, the CAC 40 in France it was trading 0.6% down, and …

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China says it will properly boost fiscal spending in 2023

China says it will properly boost fiscal spending in 2023

China will boost fiscal spending “adequately” in 2023 to support the slowing economy, focusing on technological innovation and key strategic sectors, the finance ministry said on Thursday. Chinese leaders have pledged to intensify fiscal policy adjustments to cushion the impact on businesses and consumers of a surge in COVID-19 infections, at a time when the …

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Dow futures up 80 pts ahead of unemployment benefits data

Dow futures up 80 pts ahead of unemployment benefits data

U.S. stocks opened slightly higher Thursday, recovering from the previous session’s decline, though gains are likely to be limited as investors remain worried about the possibility of a recession in the new year. At 06:55 ET (11:55 GMT), the contract Dow futures It was up 80 points, or 0.2 percent. S&P 500 futures was trading …

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Chile’s Los Pelambres de Antofagasta mine affected by blockade

Chile's Los Pelambres de Antofagasta mine affected by blockade

Antofagasta said Thursday that access to its Los Pelambres operation in Chile’s Coquimbo region is being blocked by a “small group of people, with no connection to any specific incident or situation.” The miner added that it has not seen a material impact on production, but work on mine development has been reduced due to …

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The factors that could drive Bitcoin and Ethereum in 2023

The factors that could drive Bitcoin and Ethereum in 2023

The backdrop of inflation, war and escalating interest rates has not been promising for major cryptocurrencies in circulation this year, Bitcoin and Ethereum. However, in Hashdex’s view, these factors have created the ideal test for bitcoin. For Hashdex, although the year has been one of strengthening of BTC fundamentals, ETH It should benefit from the …

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European stock markets trade mixed in volatile session, amid COVID fears in China

European stock markets trade mixed in volatile session, amid COVID fears in China

European stock indexes traded mixed on Thursday as fears of a global recession weighed on markets and rising COVID-19 cases in China countered earlier optimism following the country’s abandonment of its strict zero-case policy. China’s healthcare system has been overwhelmed after the government backtracked on its lockdown and testing regimes earlier this month. The United …

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Russia’s GDP to fall 2.7% this year, according to Finance

Finances

Russian Finance Minister Anton Siluanov said today that the country’s gross domestic product (GDP) will fall by around 2.7% this year. “The latest data show that GDP will decline by around 2.7 percent,” Siluanov said in an interview with state broadcaster Rossia-24, adding that “possibly” the contraction of the Russian economy will continue in 2023. …

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Aeromexico announces its formal exit from the Mexican Stock Exchange

Aeromexico announces its formal exit from the Mexican Stock Exchange

The airline Aeromexico formalized its exit from the Mexican Stock Exchange (BMV), the company reported Wednesday. Grupo Aeromexico explained that the National Banking and Securities Commission (CNBV) notified it of the authorization of the cancellation of the registration in the National Securities Registry (RNV). With this, all its ordinary, regulatory and single-series shares with which …

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Portuguese Minister of Infrastructure resigns after controversy with TAP

Portuguese Minister of Infrastructure resigns after controversy with TAP

The Portuguese Minister of Infrastructure and Housing, Pedro Nuno Santos, resigned today after the controversy raised by the compensation of 500,000 euros received from TAP by a Secretary of State before leaving the airline to assume a public office. Santos’ resignation was announced by his cabinet in a statement after midnight today, in which he …

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Novartis to Pay $245 Million to End Antitrust Case on Exforge Generic Drugs

Novartis to Pay $245 Million to End Antitrust Case on Exforge Generic Drugs

Novartis said Wednesday it will pay $245 million to end antitrust litigation accusing the Swiss drugmaker of trying to delay the U.S. rollout of generic versions of its hypertension drug Exforge. Settlements with so-called direct buyers, indirect buyers and retailers require approval from a federal judge in Manhattan and will resolve all outstanding claims against …

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Chipmaker Infineon Willing to Invest Billions in Acquisitions: CEO

Chipmaker Infineon Willing to Invest Billions in Acquisitions: CEO

Infineon is willing to spend several billion euros on the right purchase target, as part of a search for acquisitions to boost its growth, Chief Executive Jochen Hanebeck said in an interview published on Wednesday. The German chipmaker is constantly “on the hunt” for suitable companies, Hanebeck told the Frankfurter Allgemeine Zeitung (FAZ). “I see …

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China to import 45 foreign video games, grants several licenses to Tencent

China to import 45 foreign video games, grants several licenses to Tencent

China’s video game regulator on Wednesday granted publishing licenses to 45 foreign games for release in the country, further lifting the tight restrictions that have plagued the industry for 18 months. Among the imported online games approved by the National Press and Publishing Administration are five that will be published by Tencent Holdings, such as …

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The Ibex-35 rises cautiously attentive to China and Russian crude

The Ibex-35 rises cautiously attentive to China and Russian crude

Spain’s stock index Ibex-35 opened the penultimate session of the year extending gains, in a context of expectation in the face of the evolution of COVID-19 in China and Moscow’s response to Western sanctions on the raw Russian. In a final stretch of the year marked by low trading before the winter holidays, the market …

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Wall Street’s pullback makes Seoul lose 2.24%

Wall Street's pullback makes Seoul lose 2.24%

The Kospi, the main indicator of the Seoul Stock Exchange, fell 2.24% on Wednesday in a session in which the decline of the technological selective weighed NASDAQ in New York the day before. The South Korean benchmark fell 52.34 points to 2,280.45, while the technology index Kosdaq It fell 11.82 points, or 1.68%, to 692.37. …

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Crypto Sector: 2022 will go down in history as the worst year of the crisis

Crypto Sector: 2022 will go down in history as the worst year of the crisis

For crypto investors, 2022 may have been a year they would rather forget quickly. From a technological point of view, the industry moved forward with major milestones such as the conversion of Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS), but price-wise, the major instruments were in an endless decline. The Bitcoin It plummeted from $48,000 …

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Japan’s indices close lower; Nikkei 225 down 0.41%

Nikkei

The Japan Stock Exchange closed lower on Wednesday; Sector setbacks ship building, textile and energy pushed indexes lower. At the close of Tokyo, the Nikkei 225 fell 0.41%. The best value of the session in the Nikkei 225 was Nippon Sheet Glass Co., Ltd. (TYO:5202), up 3.39%, or 19.00 points, to 579.00 at the close. …

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The Tokyo Stock Exchange falls 0.41% dragged down by technology

The Tokyo Stock Exchange falls 0.41% dragged down by technology

The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.41% in Wednesday’s session dragged down by the fall in technology stocks and the increase in long-term interest rates in the United States. The Nikkei, which groups the 225 most representative titles of the market, fell 107.37 points, to stand at 26,340.50 integers. The …

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Atrys buys Initia Oncology and 70% of Initia Research for 2.25 million

Atrys buys Initia Oncology and 70% of Initia Research for 2.25 million

The health group Atrys has bought the entire capital of the Valencian company specialized in oncological treatments Initia Oncología and 70% of Initia Research for an amount of 2.25 million euros, plus a variable payment linked to compliance with conditions. As reported by Atrys to the National Securities Market Commission (CNMV), this operation includes a …

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Should I buy Intel stock after the current slump?

Shares of Intel Corporation have weakened from $30.09 to $25.35 since December 13, 2022, and the current price is $26.09. Intel’s business remains stable, the dividend yield exceeds 5% of the current share price, and this stock may be a good option for long-term investors. Intel is economical compared to its peersIntel is the world’s …

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Tesla to cut production in Shanghai in January, plan shows

Tesla to cut production in Shanghai in January, plan shows

Tesla plans to run a scaled-down production program at its Shanghai plant in January, extending until next year the decline in its operations that began this month, according to an internal schedule reviewed by Reuters. Tesla will operate with reduced production for 17 days, between January 3 and 19, and stop the development of electric …

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European stock markets rise on optimism about China

European stock markets rise on optimism about China

European stock markets rose on Tuesday, following a global rally in equities after China further eased its COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy. The pan-European index STOXX 600 advanced 0.6% after the long Christmas holiday weekend. So far this year it has lost almost 12%. Concerns about an economic …

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Japan’s indices close higher; Nikkei 225 up 0.16%

Japan's indices close higher; Nikkei 225 up 0.16%

The Japan Stock Exchange closed higher on Tuesday; Sector gains shipbuilding, mining and Chemical, Oil & Plastic pushed indexes higher. At the close of Tokyo, the Nikkei 225 It rose 0.16%. The best value of the session in the Nikkei 225 was Takashimaya Co., Ltd. (TYO:8233), up 7.14%, or 122.00 points, to 1.00 at the …

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The announcement of opening in China raises the Seoul Stock Exchange by 0.68%

The announcement of opening in China raises the Seoul Stock Exchange by 0.68%

The Kospi, Seoul Stock Exchange’s benchmark index, rose 0.68% on Tuesday after Chinese authorities announced on Monday that from January 8 they will end the strict quarantine system for travelers that was activated almost three years ago. The South Korean benchmark rose 15.65 points to 2,332.79, while the technology index Kosdaq It advanced 9.51 integers, …

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Nikkei rises 0.16% encouraged by the reopening of borders in China

Nikkei rises 0.16% encouraged by the reopening of borders in China

The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.16% in Tuesday’s session after China’s decision to reopen its borders raised hopes of a sharp increase in tourists in Japan. The Nikkei, which groups the 225 most representative titles of the market, advanced 42 points, to stand at 26,447.87 integers. The selective Topix, …

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3 scandalous incidents of insider trading

3 scandalous incidents of insider trading

Insider trading refers to the illegal use of non-public information to buy or sell securities. This includes buying or selling shares of a company’s stock, or trading in other securities such as bonds, based on information that has not been made available to the public. Insider trading is illegal because it gives the insider an …

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Is investing in bitcoin advantageous?

Bitcoin

Since a few decades previously, there’s been virtual money called Bitcoin. Although it has seen many volatilities, in the last year or two, its value has risen, making it a highly desirable accredited investor. Is it, nevertheless, a wise choice to invest in cryptocurrency? Many individuals these days are questioning such a subject. Someone’s entry …

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Explained: How does China’s digital Yuan work?

The development of new technological options is not unique to the Chinese government. The government keeps working towards developing new technology-driven opportunities for the people and the government. One of the primary reasons why the government venture of Digital yuan is considered to be highly successful in the future is that it comes from the …

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China’s new digital yuan is no reason to worry

China's new digital yuan is no reason to worry

A lot of developmental changes are happening within the borders of China and outside the same. If you think that the digital token venture will flourish in the future, you may be thinking the right way. Moreover, there is always a possibility of development, as well as there is a possibility of failure with everything. …

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Jakarta and Bangkok stock markets rise, while Ho Chi Minh City falls

Jakarta and Bangkok stock markets rise, while Ho Chi Minh City falls

The stock exchanges of Jakarta and Bangkok ended the day on Monday with benefits, while the Ho Chi Minh parquet ended in the red, and the rest of Southeast Asia closed for a holiday. In Indonesia, the Jakarta square gained 35.14 points, or 0.52 percent, making the composite indicator JCI It ended with 6,835.81 integers. …

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Unicaja joins IBEX 35 tomorrow after the exclusion of Siemens Gamesa

Unicaja joins IBEX 35 tomorrow after the exclusion of Siemens Gamesa

Unicaja will be incorporated this Tuesday, December 27, to the main indicator of the Spanish Stock Exchange, the IBEX 35, replacing Siemens Gamesa, excluded from the market following the takeover bid launched by its parent company. On December 19, the Technical Committee of IBEX 35 decided, in an extraordinary meeting, to incorporate the bank into …

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Seoul gains 0.15% thanks to institutional investors

Seoul gains 0.15% thanks to institutional investors

The Kospi, the benchmark index of the Seoul Stock Exchange, rose 0.15% on Monday thanks to purchases by institutional investors, in a somewhat volatile session. The South Korean benchmark gained 3.45 points to 2,317.14, while the technology index Kosdaq It rose 3.43 points, or 0.5 percent, to 694.68. The Kospi started the session in red …

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Beijing and Shanghai residents return to work as China tries to live with COVID

Beijing and Shanghai residents return to work as China tries to live with COVID

Travelers from Beijing and Shanghai, wearing face masks, packed subways on Monday. China’s two largest cities are getting closer to being able to live with COVID-19, as millions of people across the country have been infected with the largely uncontrolled virus. After three years of relentless coronavirus measures, President Xi Jinping this month abandoned the …

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Japan’s indices close higher; the Nikkei 225 advances 0.65%

Japan's indices close higher; the Nikkei 225 advances 0.65%

The Japan Stock Exchange closed higher on Monday; Sector gains insurance, banking and fishing pushed indexes higher. At the close of Tokyo, the Nikkei 225 advanced 0.65%. The best value of the session in the Nikkei 225 was JGC Corp. (TYO:1963), up 3.54%, 59.00 points to 1.00 at the close. It is followed by Mitsui …

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Tokyo Stock Exchange rises 0.65% on bargain hunting and Wall Street

Tokyo Stock Exchange rises 0.65% on bargain hunting and Wall Street

The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.65% in Thursday’s session with Japanese investors hunting for bargains after recent sharp declines and boosted by Wall Street’s strong results late last week. The Nikkei, which groups the 225 most representative titles of the market, advanced 170.62 points, to stand at 26,405.87 integers. …

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Russia ready to resume gas supply to Europe via Yamal-Europe pipeline: Novak

Russia ready to resume gas supply to Europe via Yamal-Europe pipeline: Novak

Moscow is ready to resume gas supplies to Europe through the Yamal-Europe pipeline, Russian Deputy Prime Minister Alexander Novak told state news agency TASS. “The European market remains relevant, as gas shortages persist, and we have every opportunity to resume supplies,” Novak told TASS in remarks published by the agency on Sunday. “For example, the …

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Kremlin says it will never accept oil or gas caps

Kremlin says it will never accept oil or gas caps

Russia will never accept cap prices imposed by the West on its hydrocarbons, Kremlin spokesman Dmitry Peskov said Sunday. “We will never agree to such disruption and destruction of market processes for price fixing,” Peskov said in an interview with Russian state television. He added that the maximum price set may be “generous,” but that …

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ACS extends a U.S. mining services contract for two more years.

ACS extends a U.S. mining services contract for two more years.

The ACS group, through its subsidiary Thiess, has managed to extend the duration of its first U.S. mining services contract for a hard rock facility in the state of Colorado by two years. The works began in 2021 and with this extension will be extended until the end of 2024, as indicated by the company …

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Investors will focus on CPI Spain and US House Price Index.

Investors will focus on CPI Spain and US House Price Index.

Investors will focus on the last week of the year, in which Monday is a holiday in most stock markets, on the provisional data of the December CPI in Spain and on the Case-Shiller index, which measures the evolution of housing in the US in October, as well as on wholesale inventories and home sales …

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Spaniards reduce spending on Christmas gifts but choose better

Spaniards reduce spending on Christmas gifts but choose better

Spaniards will spend less on Christmas gifts than at the same time last year, although they will be more careful in their choice, according to reports from shopping and marketing experts compiled by EFE. Behind this slowdown in the trend of consumption is the increase in the cost of living of Spaniards, added to the …

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The five best shares of the Ibex 35 to give at Christmas

The five best shares of the Ibex 35 to give at Christmas

First of all, Santa Claus makes special mention of the energy sector, clear winner of the year due to the unprecedented escalation of energy prices. In this regard, Enagás stands out for its solid financial situation, and Solaria, which presents strong growth in EBITDA and net profit, as well as great potential due to the …

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The State will remain in the capital of CaixaBank until December 2025

The State will remain in the capital of CaixaBank until December 2025

The State will remain in the capital of Caixa Bank until 2025 after the government extended by a further two years the deadline for undertaking divestment in that holding, which is currently 17.63%. This will be approved, predictably, by the next Council of Ministers, which will take place on Tuesday, in which the new deadline …

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Millions affected by British train strike

Millions affected by British train strike

Millions of people have been affected this Saturday in the United Kingdom by the strike that the British railways support in demand of better wages, a measure that will last until almost the end of the year. Likewise, the border police continue today the strike that began yesterday and that affects the London airports of …

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Large markets achieve normal performance three years later

Large markets achieve normal performance three years later

The dates of this Christmas marked by inflation arrive, in which the sales of wholesale companies have behaved similarly to that of the pre-pandemic, and in which the consumer will not give up innovating at their tables. After two Christmas campaigns marked by covid, the large Spanish wholesale food markets -Mercamadrid and Mercabarna- arrive this …

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Smart Home Device shipments to fall 2.6% in 2022

Smart Home Device shipments to fall 2.6% in 2022

Global shipments of smart home devices will fall this year by 2.6%, to 874 million units, due to the economic context that has resulted in a rise in inflation and after being affected by continuous supply disruptions, according to the consultancy IDC. The consumption of these devices is expected to return to the path of …

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Stocks Rise, Dollar Weakens, Bets Rise on Peak Inflation

Stocks Rise, Dollar Weakens, Bets Rise on Peak Inflation

The dollar fell against major currencies and European stock markets rose on Thursday as loosening U.S. inflation expectations bolstered investor confidence in easing price pressures. The yen hovered around the four-month high it hit against the dollar on Tuesday after the Bank of Japan reversed monetary policy, fueling bets that the most pessimistic central bank …

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Nikkei falls 1.03% on fears of monetary tightening and inflation

Nikkei falls 1.03% on fears of monetary tightening and inflation

The main index of the Tokyo Stock Exchange, the Nikkei, fell 1.03% on Friday on lingering fears of monetary tightening in the United States, inflation and weakening demand for semiconductors. The Nikkei, which groups the 225 most representative titles of the market, fell 272.62 points, to 26,235.25 integers. The Topix, which includes the firms in …

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Expectation of more rate hikes in the US makes Seoul fall 1.83%

Expectation of more rate hikes in the US makes Seoul fall 1.83%

The Kospi, the main indicator of the Seoul Stock Exchange, fell 1.83% on Friday after the upward revision of US GDP increased expectations of strong rate hikes at the start of next year in the world’s largest economy. The South Korean benchmark fell 43.04 points to 2,313.69 integers, while the technology index Kosdaq It fell …

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Japan’s indices close lower; Nikkei 225 down 1.03%

Japan's indices close lower; Nikkei 225 down 1.03%

The Japan Stock Exchange closed lower on Friday; Sector setbacks Automotive & Components, realtyand electrical/machinery pushed indexes lower. At the close of Tokyo, the Nikkei 225 fell 1.03% to a new one-month low. The best value of the session in the Nikkei 225 was Kansai Electric Power Co Inc, up 5.28%, 63.00 points to 1.00 …

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Elon Musk says he won’t sell any more Tesla shares for two years

Elon Musk says he won't sell any more Tesla shares for two years

Elon Musk, chief executive of Tesla, said Thursday that it will not sell any more shares of the electric carmaker for two years. In an audio chat on Twitter, Musk said he expects the economy to suffer a “severe recession” in 2023 and consumer demand will be lower. Tesla shares rose 3 percent to $129.23 …

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European stock market futures rise; Economic data plummets

European stock market futures rise; Economic data plummets

European stock markets are expected to open higher on Friday amid sluggish volume affected by the holidays, pending the release of more regional data on growth, inflation and confidence. At 02:00 ET (07:00 GMT), the contract DAX futures in Germany it was trading up 0.6%, CAC 40 futures in France it rose 0.3%, and the …

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The Ibex-35 points to its best week in a month before the Christmas break

The Ibex-35 points to its best week in a month before the Christmas break

Spain’s stock index opened slightly bullish on Friday and was headed for a cumulative gain of almost 2 percent over the past five days, its best weekly performance since late November. The attention of financial markets remained focused on the fight against inflation of the big central banks, with special interest in the possible direction …

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Santander appoints Ángel Rivera as CEO of Santander Spain

Santander appoints Ángel Rivera as CEO of Santander Spain

Banco Santander has appointed Ángel Rivera, until now director of Commercial Banking of Santander Spain, as CEO of Santander Spain, as reported by the entity in a press release. Rivera replaces Antonio Simões, who combined the position of CEO of the bank in Spain with that of regional head of Europe, a function with which …

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