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
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...
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
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...
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...
Jul 10, 2024 | Stainless Espresso
10 July 2024 – Reporting season: The outlook for small and medium-sized US companies (SMEs) in the second quarter looks good with earnings growth of up to 20%. These could be even higher for the second half of the year. And Indonesian nickel smelters still have...
