Stock exchange year 2024
Equity strategist after the stock market crash: "Then it can get really messy"
Yesterday's unexpectedly weak macro numbers triggered a run on Wall Street that sent stock markets down in Asia and Europe. That the market reacts so strongly is not surprising, says Handelsbanken's equity strategist Mattias Sundling to DI.
- With high values and high expectations, it is by definition sensitive.
This afternoon's job figure will determine future prospects. If it surprises the downside, "it gets really messy," he warns.
Danske Bank's chief economist Michael Grahn believes that the movements are exaggerated and points to several indications that the economy is stalling, including low unemployment.
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Equity strategist after the stock market crash: "Then it can get really messy"
Yesterday's unexpectedly weak macro numbers triggered a run on Wall Street that sent stock markets down in Asia and Europe. That the market reacts so strongly is not surprising, says Handelsbanken's equity strategist Mattias Sundling to DI.
- With high values and high expectations, it is by definition sensitive.
This afternoon's job figure will determine future prospects. If it surprises the downside, "it gets really messy," he warns.
Danske Bank's chief economist Michael Grahn believes that the movements are exaggerated and points to several indications that the economy is stalling, including low unemployment.
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The report flood
Volvo Cars increased in July – electric cars are picking up speed in Europe
Volvo Cars' sales increased by 6 percent in July compared to the same month last year. This is stated in a press release.
"We are pleased to be able to report another month of sales growth, largely driven by sales in Europe, despite a generally challenging market environment," writes vice president Björn Annwall.
The increase was mainly driven by fully electric cars in Europe with an increase of 40 percent, while it was more difficult in the USA and China where the number of cars sold decreased by 11 and 31 percent respectively.
The share of electric cars that are sold now accounts for 25 percent of all sales.
Volvo Cars increased in July – electric cars are picking up speed in Europe
Volvo Cars' sales increased by 6 percent in July compared to the same month last year. This is stated in a press release.
"We are pleased to be able to report another month of sales growth, largely driven by sales in Europe, despite a generally challenging market environment," writes vice president Björn Annwall.
The increase was mainly driven by fully electric cars in Europe with an increase of 40 percent, while it was more difficult in the USA and China where the number of cars sold decreased by 11 and 31 percent respectively.
The share of electric cars that are sold now accounts for 25 percent of all sales.
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iPhone and services outweighed China - best growth in almost two years for Apple
Apple fared better in terms of both earnings and revenue in the latest quarter, the third in the tech giant's broken fiscal year. Among the product categories, revenues from iPhone, iPad and services were larger than expected - which offset a 6 percent drop in China.
Compared to last year, turnover rose by almost 5 percent. That's the best growth Apple has seen in nearly two years, according to CNBC.
Apple did not provide formal guidance for future quarters. The stock moved slightly upwards in after-market trading.
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Apple fared better in terms of both earnings and revenue in the latest quarter, the third in the tech giant's broken fiscal year. Among the product categories, revenues from iPhone, iPad and services were larger than expected - which offset a 6 percent drop in China.
Compared to last year, turnover rose by almost 5 percent. That's the best growth Apple has seen in nearly two years, according to CNBC.
Apple did not provide formal guidance for future quarters. The stock moved slightly upwards in after-market trading.
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Rupert Murdoch's empire
The Murdoch family is fighting over the legacy - but it's about Fox
Who will succeed media mogul Rupert Murdoch, 93 years old, is starting to look more and more like the HBO series "Succession". What is now behind the upset atmosphere is that Rupert Murdoch is trying to change the family fund to save the American news giant Fox News, write Vanity Fair, Washington Post and SvD Näringsliv in their respective reports.
Rupert Murdoch wants son Lachlan to gain control of the empire despite the fact that all four children received equal shares 25 years ago.
- It has forced them to take a position that they didn't really want to take, says Paddy Manning, who wrote a biography of Lachlan Murdoch, to the Washington Post.
In September, a trial will begin in Nevada to decide the issue.
"The basic tension in the family: Fox News is Rupert's invention and agent of his political power, but to others it is the toxic pollution inside the empire," writes Vanity Fair.
The Murdoch family is fighting over the legacy - but it's about Fox
Who will succeed media mogul Rupert Murdoch, 93 years old, is starting to look more and more like the HBO series "Succession". What is now behind the upset atmosphere is that Rupert Murdoch is trying to change the family fund to save the American news giant Fox News, write Vanity Fair, Washington Post and SvD Näringsliv in their respective reports.
Rupert Murdoch wants son Lachlan to gain control of the empire despite the fact that all four children received equal shares 25 years ago.
- It has forced them to take a position that they didn't really want to take, says Paddy Manning, who wrote a biography of Lachlan Murdoch, to the Washington Post.
In September, a trial will begin in Nevada to decide the issue.
"The basic tension in the family: Fox News is Rupert's invention and agent of his political power, but to others it is the toxic pollution inside the empire," writes Vanity Fair.
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