Prepare your portfolio for an election-driven market ๐ณ๏ธ
To help you get started, Saxo is offering $0 commissions on the 100 most popular US stocks for all new accounts until the end of the year ๐ https://t.co/P4d3L7yPIj
#SaxoSquawks: HSBC plans a USD 3 billion stock buyback after better-than-expected earnings, with Q3 pre-tax profit up 9.9% to USD 8.48 billion. $HSBA ๐ฌ๐ง๐ญ๐ฐ๐ฆ๐
US election countdown: As the market continues to price in the prospect of a Trump 2.0, @johnjhardy takes a look at the many ways the election could yet shock markets. #USElection2024#TrumpVance2024#HarrisWalz2024 https://t.co/6sp0nWfVzu
Morgan Stanley beats 3Q analyst estimates on back of Wealth Management, Trading and Investment Banking beat revenue estimates. EPS $1.88 vs 1.58 exp. Revenue $15.38b vs $14.41b exp. Stock up 2% in pre-market
Has the market positioned towards a Trump presidency? In this week's episode of the Saxo Market Call podcast, Chief Macro Strategist, @johnjhardy discusss the US election's effect on markets, earnings seasons and why job data may be distorted rest of year https://t.co/4m6ZSLmZA5
China's housing minister will hold a press briefing on Thursday at 10 AM Beijing time to discuss measures to support the struggling property sector, featuring officials from PBOC and the Ministry of Finance. #China#PropertyMarket#PBOC ๐ ๐ผ
A generally good performance from reporting US banks. Bank of America +1% in pre-market on solid NII result and growth in Investment Banking & Asset Management. Goldman Sachs revenue beats estimates, profit up +45%, shares seen +3% higher. Citigroup earnings due before the bell.
๐ $ERIC #Ericsson shares jump +8% after Q3 earnings beat! CEO Bรถrje Ekholm notes market stabilization and North America's growth, boosted by the $14B AT&T deal.
#SaxoSquawks: The ASX 200 has hit a new record of 8,323.50, driven by financials, which contributed to half of the overall gains. The index has this year risen by 9.6%, making it the best year since 2021. ๐ฆ๐บ๐
Fitch Ratings placed France on a negative outlook, citing increased fiscal risks and projected deficits. France's debt is expected to rise sharply to 118.5% of GDP by 2028, following the unveiling of the 2025 budget.
๐ $GSK shares soar +7% after settling Zantac liability cases for up to $2.2bn. Major uncertainty removed, allowing shares to trade on fundamentals. #StockMarket#Investing#Pharma ๐๐ผ
Warren Buffettโs Berkshire Hathaway issued a ยฅ281.8B ($1.89B) multi-tranche bond, sparking speculation of increased Japanese investments. This seven-part deal is their largest yen issuance since 2019. #Investments#Japan#Bonds ๐ด๐ $BRK.A $BRK.B
#SaxoSquawks: TSMC's September sales hit TWD 251.87 billion, up 39.6% year on year. Year-to-date sales reach TWD 2.03 trillion, up 31.9% year on year. Stock is currently up 79% year to date. #TSM ๐น๐ผ๐ป๐
European luxury stocks tumble due to lack of China stimulus: Kering -7%, LVMH -4.1%, Hermes -2.9%. Spirits hit by China levy: Pernod-Ricard -2.8%, Remy Cointreau -5%. ๐๐จ๐ณ #LuxuryStocks#China#Kering $KER #LVMH $MC #Hermes $RMS #PernodRicard $RI #RemyCointreau $RCO ๐๐ท