Economy

The AI ​​race
Japanese spice giant latest winner of the AI ​​rally

Investors all over the world have had one thing in mind in recent years: identifying the next winner of the AI ​​rally. One of the latest bids is the Japanese spice manufacturer Ajinomoto, writes Bloomberg.

The reason is that the company, in addition to the flavor enhancer MSG, is the market-leading manufacturer of the special material ABF. The film is used in advanced semiconductors to connect the processor chip to the circuit board.

The stock has now surged 60 percent this year alone. One of the winners of the rally is investor Laura Lau, who bought in through the Brompton Funds fund last summer.

Middle East crisis  Strait of Hormuz
Oil stocks are being emptied: “Critical at the end of the summer”

Traffic through the Strait of Hormuz has been severely restricted for almost three months, with major consequences for the global oil market. With each passing day, the situation is becoming increasingly pressured as oil reserves are depleted. This is what several analysts SVT Nyheter spoke to say.

– We will have a stressed situation already this summer, with a critical situation at the end of the summer, says Arctic's commodity analyst Christian Kopfer.

According to Thina Saltvedt, oil analyst at Nordea, inventory levels are currently falling at a "record pace".

Oil market
Veteran: China has the power to create a global oil panic

Thanks to well-stocked inventories, China has been able to throttle oil imports during the spring, when prices soared. This has contributed to stabilizing the world market, says Louis-Vincent Gave, co-founder of the analysis house Gavekal, in an interview with Dagens Industri.

At the same time, the dynamics illustrate that China has the power to drive up prices and trigger a global recession.

– If China enters the market tomorrow and starts buying, the market will panic, says Gave.

China built up its oil reserves in the wake of the 2008 financial crisis. The principle has been to stop buying oil when the price per barrel climbs above $100.

China's growth
China reportedly cuts interest rates - wants to stimulate the economy

China's central bank has cut the interest rate on one-year loans to banks to a record low, sources tell Bloomberg. Some banks were reportedly allowed to borrow at an interest rate of 1.45 percent in May.

The measure is seen as a sign that Beijing is stepping up support for an economy that is losing momentum in the wake of the Iran war. Industrial production and retail sales showed the weakest development in several years in April, which has increased pressure on the country's rulers to stimulate the economy, the news agency writes.

The development of electric cars
Ferrari's first electric car costs six million

Italian luxury car manufacturer Ferrari has presented its first all-electric model. The Ferrari Luce is due for delivery at the end of the year with a price tag of 550,000 euros, equivalent to almost 6 million kronor, reports Bloomberg.

The Luce has the equivalent of 1,000 horsepower and is said to reach 100 kilometers per hour in 2.5 seconds.

The market does not like the new model and the stock falls about 6 percent on the Milan Stock Exchange.

Swedish growth
Oil shock behind soaring Swedish producer prices

Swedish producer prices (PPI) increased by 4.7 percent at an annual rate in April, new figures from Statistics Sweden (SCB) show. The sharp increase is the largest in over three years.

– The high oil price affects several product groups, which contributes to PPI having the highest annual rate since February 2023, says Chatrine Lundbeck, price statistician at SCB.

Producer prices show what companies pay for input goods before the products reach consumers. PPI therefore often affects inflation as companies try to pass on rising costs to customers.