Daily Management Review
Economics

Europe Inc.'s 2023 Profit Growth Prediction Raised By Goldman Sachs To 3%

On the back of increased oil prices, Goldman Sachs stated on Tuesday that it anticipates earnings for companies in the pan-European STOXX 600 index to climb by 3% in 2023 as opposed to its previous prediction of no growth.   Benchmark Since the Middle East war erupted earlier this month,...

China's Efforts To Prop Up Its Troubled Real Estate Sector

In an effort to restore its property market, which has been in crisis since officials started cracking down on the industry's debt levels in 2021, China has implemented a flurry of assistance measures in recent months.   However, according to economists, they are not sufficient to quickly...

SEC introduces new rules to increase transparency of stock market short selling

The U.S. Securities and Exchange Commission (SEC) unveiled new regulations with the goal of enhancing "short selling" transparency in the stock market, reports CNBC. An investor that engages in a "short sale" borrows shares, sells them, and then watches for a decline in quotes to purchase stocks at...

Escalating Tensions In The Middle East Forces Global Markets To Prepare For The Ramifications

As investors watch to see if the conflict draws in additional nations with the potential to push up oil prices further and inflict a major blow to the world economy, attention has been drawn to mounting geopolitical concerns for financial markets.   As its troops prepared for a ground...

Chinese watchdogs are tightening the fight against capital outflow from the country

The China shares Regulatory Commission (CSRC) issued an order forbidding local brokerage companies and their overseas subsidiaries from opening new accounts for mainland Chinese clients to trade shares and other assets offshore. Along with closing alternative channels for offshore trading,...

Stellantis and Samsung SDI to build second battery plant in USA

South Korean company Samsung SDI and European automaker Stellantis NV will invest over $3.2 billion to build the second joint venture for battery production in the US. The new plant will be situated near Kokomo, Indiana, where the firms are already constructing their first facility, according to a...

Persisting Concerns About Supply Interruptions Forces Up Oil Price

Wednesday saw a little increase in oil prices as traders pondered the possibility of supply disruptions brought on by the unrest in the Middle East.   By 0550 GMT, Brent crude had risen 25 cents, or 0.3%, to $87.90 per barrel. WTI crude for the United States increased by 24 cents, or 0.3%,...

China Saved Billions Of Dollars From Record-Low Oil Imports That Are Sanctioned

China has saved this year roughly $10 billion through record imports of oil from nations subject to Western sanctions, said a Reuters report based on calculations by Reuters based on information from dealers and shiptrackers.   The United States and others' sanctions against Russia, Iran,...

Deutsche Bank analysts warn of global stagflation risk

The world's growing geopolitical dangers could cause stagflation on a scale not seen since the 1970s and drastic shifts in inflation expectations, according to Deutsche Bank analysts Henry Allen and Cassidy Ainsworth-Grace. All seven G7 nations continue to have above-target inflation; the question...

Bank of England recommends tightening liquidity requirements for money market funds

According to the Financial Times, which cites the regulator's study, the management of the Bank of England suggests increasing the requirements for the share of highly liquid assets in the structure of money market funds in order to lower sector risks. Funds might have to retain between 50 and 60...
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