Outrageous Predictions
Révolution Verte en Suisse : un projet de CHF 30 milliards d’ici 2050
Katrin Wagner
Head of Investment Content Switzerland
Senior Relationship Manager
Résumé: Record Gold and Tesla Sales lag
Good morning!
We are coming out of the long US Weekend today awaiting EU Inflation and the US Manufacturing PMI.
Gold hit a record over night, reaching 3508 fo the first time ever, we are now trading 3490 and Sulver is 40.70. Ole comments : Gold reached a fresh record overnight above USD 3500; the technical trigger being renewed momentum buying after months of sideways trading. The move was reinforced by silver’s surge above USD 40 to a 14-year high. Fundamentally, investment metals remain supported by the prospect of Federal Reserve rate cuts amid US stagflation risks, a weaker dollar, concerns over Fed independence, aggressive central bank demand, persistent inflation, and a general level of political and economic turmoil around the world.
Bank of Japan`s Himino said the central bank should keep raising interest rates but warned of high risks to the economy.
Stocks to watch are Nesle, which has a new CEO after Laurent Freixe was let go for an affair with a subordinate. Tesla reports disappointoig sales numbers in Europe and India
Isabel Schnabel of the ECB Board says rates should remain steady.
Ruben commented on BYD: BYD: scale meets price war
Key takeaways
Q2 profit fell on discounts; revenue still grew double-digit
China’s price war vs firmer overseas pricing drives the mix
EU duties and Europe build-out shape margins and pace
Trade safely!
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