Stock futures are little changed as investors prepare for December, following a strong November where the Dow and S&P 500 achieved their best monthly performances of 2024. The Dow gained 7.5% and the S&P 500 rose 5.7%, driven by a postelection rally after Donald Trump's victory. Economic data on manufacturing and construction spending, along with key labor reports, are anticipated this week, alongside speeches from Federal Reserve officials.
An Indian automaker has launched two electric vehicles (EVs) priced at approximately $25,000 each. Following this announcement, analysts are recommending investors to buy the stock, indicating positive market sentiment surrounding the company's new offerings.
Bulgari is shifting its focus to India to counteract declining luxury demand in China due to an economic slowdown. CEO Jean-Christophe Babin highlighted the brand's expansion in India, driven by strong growth and favorable demographics, with 13 boutiques or official retailers currently listed in the country.
Global growth is slowing but not entering a recession, with inflation decreasing and stock markets remaining positive. The 2025 outlook predicts a 2.9% GDP growth globally, with the U.S. at 1.9% and Switzerland at 1.3%. Despite geopolitical challenges, Switzerland shows resilience and strong economic performance.
23:59 01.12.2024
Findi's stock plummeted over 18% following a $3.9 million loss announcement, despite a remarkable rise of 700-800% earlier this year due to investor optimism. With a vast market of 385 million cash-dependent individuals in rural India, the fintech company faces challenges in sustaining growth and building investor confidence. Analysts recommend caution, advising potential investors to wait for clearer operational updates before making decisions.
IG
23:57 01.12.2024
Asian stocks are set for cautious gains following a rise in US shares, marking a strong month for global markets. Focus will be on developing nation assets amid new tariff threats from US President-elect Donald Trump. Australian shares have edged higher, while futures in Hong Kong and mainland China indicate early gains.
Stellantis CEO Carlos Tavares has resigned amid growing disagreements with the board of directors, effective immediately. The company is in the process of appointing a new CEO, with an interim executive committee led by chairman John Elkann. Tavares had been at the helm since the 2021 merger of Fiat Chrysler and PSA Groupe.
Northern Star Resources Ltd. is set to acquire De Grey Mining Ltd. in a deal valued at approximately A$5 billion ($3.3 billion), reflecting a 37% premium over De Grey’s recent closing price. This acquisition grants Northern Star full ownership of the Hemi project, a significant low-cost asset located in the Pilbara region of Western Australia, as gold producers aim to secure more supply amid rising prices.
Gold and natural gas prices are on the rise, with gold recovering from recent losses and targeting $2720.00, while natural gas shows potential for further gains after stabilizing above 3200. In contrast, WTI crude oil prices are under pressure, drifting below $70.00, with further declines anticipated towards the $66.75 support level.
IG
22:26 01.12.2024
Lockheed Martin CFO Jay Malave will present at the UBS Global Industrials & Transportation Conference on December 3, from 8:00 a.m. to 8:40 a.m. ET, with a live webcast available at Lockheed Martin's investor site. The conference, taking place in Florida on December 3-4, 2024, will feature industry leaders discussing market trends and strategies, including sessions from CACI International's CEO and Union Pacific's executive team. Lockheed Martin's Marietta facility, a key employer in Cobb County since 1951, primarily produces the C-130J Super Hercules and supports the C-5 Galaxy and P-3 Orion programs.
22:20 01.12.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings