Dow Jones continues record chase on Tuesday – Stainless Espresso

Jul 17, 2024 | Stainless Espresso

17 July 2024 – The Dow Jones Index continued its record-breaking run on Tuesday, closing just below the 41,000 mark. And the U.K. Consumer Price Index is at the Bank of England’s 2.0% target for the second month in a row. Source

Positive development in the US reporting season: broad-based earnings growth – Stainless Espresso

Jul 16, 2024 | Stainless Espresso

16 July 2024 – US reporting season: broad-based earnings growth. Over the last three reporting seasons, companies in the S&P 500 have increased their profits by an impressive eight percent year-on-year. And the third plenum of the Chinese Central Committee...

Dow climbs above the 40,000 point mark on Friday – Stainless Espresso

Jul 15, 2024 | Stainless Espresso

15 July 2024 – A strong recovery on Wall Street after good inflation data from the previous day sent the Dow Jones Index above the 40,000 mark. And Asian commodity prices were friendly on SHFE and DCE on Monday. Source

US inflation opens door for rate cut in 2024 – Stainless Espresso

Jul 12, 2024 | Stainless Espresso

12 July 2024 – Inflationary pressure in the US eased more than expected in June. This opens the door for possible interest rate cuts in 2024. The UK economy is growing more strongly than expected. And the CDU/CSU group in the EPP parliamentary group in the...

Mexico: Stricter US Section 232 tariffs on steel and aluminum – Stainless Espresso

Jul 11, 2024 | Stainless Espresso

11 July 2024 – Mexico and the United States have recently agreed to tighten Section 232 tariffs on steel and aluminum products originating in Mexico. And China has further restricted steel production with blast furnaces and is increasingly relying on EAF...