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Tim Cook's recent visit to China aims to strengthen support for Apple Intelligence amid rising competition. Meeting with local officials and partners, he emphasized Apple's commitment to investment and collaboration, while navigating regulatory hurdles for the AI rollout. Despite a successful iPhone 16 launch, Apple faces challenges from local competitors like Huawei, impacting its market share.
Shares in Chinese polysilicon manufacturers surged amid expectations of a government policy to curb production due to severe oversupply. The Ministry of Industry and Information Technology is anticipated to introduce regulations limiting energy consumption for polysilicon production, as noted by Daiwa Capital Markets.
Horizon Robotics Inc. is set to debut in Hong Kong following a successful $696 million IPO, marking a resurgence in initial public offerings in the region. The Chinese company, specializing in autonomous driving systems, priced its shares at the top of the range amid strong demand from investors, including Baillie Gifford & Co. and Norway’s sovereign wealth fund. In pre-market trading, the stock surged by as much as 31%.
The upcoming US election poses significant implications for markets, with a Trump victory likely leading to US equity outperformance and potential tariff risks, while a Harris win could favor emerging markets. A Republican sweep may drive yields higher due to increased deficits, despite a healthy economy. Overall, risk assets are expected to perform well in 2024, regardless of the election outcome.
21:52 23.10.2024
The upcoming US Presidential election presents various scenarios impacting the economy and markets. A Republican Sweep could lead to significant fiscal expansion and potential inflationary pressures, while a Harris win with divided government may maintain the status quo, resulting in neutral fiscal impulses. Regardless of the outcome, a healthy macro backdrop suggests that equities are likely to perform well, with international markets benefiting from reduced tariff risks.
21:52 23.10.2024
The upcoming US presidential election presents various scenarios impacting the economy and markets. A Trump victory could lead to significant fiscal expansion and potential tariff increases, while a Harris win may result in a status quo with limited fiscal changes. Regardless of the outcome, a healthy macroeconomic backdrop suggests that equities are likely to perform well, with international markets benefiting from reduced tariff risks.
21:52 23.10.2024
The upcoming US election could significantly impact markets, with a Republican Sweep likely leading to fiscal expansion and increased tariffs, while a Harris presidency with divided government may maintain the status quo. A Blue Sweep, though unlikely, could widen the deficit but also raise corporate taxes, affecting US equities. Overall, regardless of the outcome, a healthy macroeconomic backdrop suggests risk assets may perform well into 2024.
21:52 23.10.2024
The upcoming US Presidential election presents various scenarios impacting the economy and markets. A Republican Sweep could lead to significant fiscal expansion and potential inflationary pressures, while a Harris win with divided government may maintain the status quo, resulting in neutral fiscal impulses. Regardless of the outcome, a healthy macro backdrop suggests that global equities are likely to perform well into 2024, with emerging markets potentially benefiting from reduced tariff risks.
21:52 23.10.2024
Global public debt is projected to exceed $100 trillion by the end of 2024, with the U.S. and China significantly contributing to this rise. The IMF warns of an "optimism bias" in government debt calculations, highlighting a fiscal policy trilemma faced by nations, particularly in sub-Saharan Africa, where the need for spending clashes with limited tax capabilities. Unsustainable debt levels could trigger market sell-offs, affecting borrowing costs globally, as evidenced by the U.S. budget deficit reaching $1.833 trillion, the highest outside the pandemic era.
In October, the Fed and China's Politburo shifted focus to stimulate economic growth, with the Fed initiating a 50 basis point rate cut and China announcing fiscal support for consumers and the housing market. This change signals potential for cyclicals to outperform defensives, as both economies aim to counter recession risks and bolster market confidence. Despite lingering uncertainties, the renewed commitment to growth could reshape investment strategies across asset classes.
18:37 23.10.2024
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