Insights into Himalaya Capital's Latest 13F Filing
Insights from the Latest 13F Filing Highlight Significant Changes
Warren Buffett's Berkshire Hathaway took stakes in Domino's Pizza and swimming pool supplier Pool Corp. in the third quarter while continuing to trim stakes in longtime holdings Apple and Bank of America.
Insights into the Strategic Moves of a Veteran Investor
We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks that you must read today. Paul Hickey, Bespoke co-founder, joined CNBC’s ‘Closing Bell: Overtime’ to discuss the market’s reaction to the […]
Berkshire Hathaway increasing cash on sales of Apple and Bank of America; raising $158 billion in cash this year.
Insights into Berkshire Hathaway's Latest 13F Filing
Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. Microsoft stock reversed bullishly, gaining more than 3% for the month. During Thursday's morning session, Microsoft shook off early losses for a third straight day and inched 66 cents higher, or less than 0.2%, to 425.89.
(Bloomberg) -- Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of the two new holdings jumped in late New York trading.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Ex
Billionaire investor Warren Buffett cut several of Berkshire Hathaway Inc‘s (NYSE:BRK) (NYSE:BRK) largest holdings this year. ...
Billionaire investor Chase Coleman's hedge fund, Tiger Global Management, filed its latest Form 13F on Thursday and disclosed its ...
The Federal Trade Commission (FTC) is preparing to launch an investigation into Microsoft’s (MSFT) cloud business for licensing terms that are keeping customers from moving their data into other competitive platforms, according to a report from the Financial Times.Market Domination Anchors Julie Hyman and Josh Lipton discuss whether the potential investigation will impact the stock and the company’s long-term strategy. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Cindy Mizaku.
We recently compiled a list of the 15 AI News and Ratings Grabbing Investor Attention. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other AI stocks you should pay attention to. AI initiatives by businesses across the world are attracting the attention of investors. For […]
(Bloomberg) -- Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe alarm from economists has been clear for months: Brace yourself. If he delivers on his campaign promises for an aggressive package of new US tar
Changes in Berkshire Hathaway's stock portfolio are closely watched. Warren Buffett tends to hold stocks for the long term.
Microsoft Corp (NASDAQ:MSFT) may become the latest mega-cap technology company under regulatory scrutiny. What Happened: The Federal ...
President-elect Donald Trump's proposal to establish a national Bitcoin (CRYPTO: BTC) reserve has sparked a wave of support across the ...
Apple (AAPL, Financials) has introduced a covert security feature in its iOS 18.1 update that triggers iPhones to reboot automatically after 72 hours of inactivity, a measure aimed at enhancing data protection. Apple's iOS 18.2 update now lets customers turn on the Stolen Device Protection capability right during setup. Apart from these security improvements, Apple Intelligence, its new AI platform, is helping Apple to be more visible in the smart home market by including artificial intelligence.
Legendary investor Ken Fisher's hedge fund, Fisher Asset Management, grew the value of its portfolio by more than $14 billion dollars in ...
Jefferies reports that Microsoft feels more confident about its AI investment cycle compared to its earlier Cloud phase
In his third-quarter update, Renaissance Technologies founder and famed "Quant King” Jim Simons showcased some notable pivots ...
As challenging as France’s fiscal and political outlooks are, the country’s underlying areas of resilience include a favourable government debt profile, a resilient economy and well capitalised banks.
The U.S. Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft's cloud computing business, sources familiar with the matter told Reuters on Thursday. The agency is examining allegations that the software giant is potentially abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service to other competitive platforms, the sources said. The Financial Times first reported the probe on Thursday.
The Bank of England governor has addressed the UK's economic revival plan in his Mansion House speech.
The tokenization platform is part of Tether's ambition to diversify its business from issuing the $126 billion USDT stablecoin.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track ...
The European Commission has penalized a $841 million (797.72 million euros) fine to Meta Platforms Inc (NASDAQ:META) for violating EU ...
Bitcoin's (BTC-USD) price has been on an upward trajectory since Donald Trump's election as the 47th US president. However, some of those gains have now been reversed. What does this mean for cryptocurrency investors and their tax obligations? Tax attorney and CPA Andrew Gordon of Gordon Law joins Wealth! to discuss the tax implications for crypto investors. Gordon notes that investors are only taxed on their bitcoin gains if they sell or exchange the cryptocurrency. However, he notes "there are ways that you can minimize that tax." One strategy Gordon recommends is to harvest losses from other property or stocks to "use it against those bitcoin gains." He also advises holding crypto long-term, as "the difference between your original price and your later sales price" will be taxed at a lower rate. Gordon explains, "As your gains increase, typically your tax rate also increases as well. And with cryptocurrency, just like other stocks, you're taxed on the gains." By employing tax minimization tactics, crypto investors may be able to offset their bitcoin profits and reduce their overall tax burden. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
European Equities Close Higher in Thursday Trading; EU GDP Rises in Q3
Insight into Jefferies Group (Trades, Portfolio)'s Latest 13F Filing and Its Significant Portfolio Adjustments
Apple's latest MacBook Pro is a powerhouse of a laptop for professionals and prosumers. But if you're just looking for something to browse the web and stream Netflix, stick with the MacBook Air.
Google (GOOGL) launched its artificial intelligence-powered Gemini chatbot as an iPhone app this week, offering the service for free in 35 languages worldwide.
Salesforce Inc. (NYSE:CRM) is aggressively embracing AI in enterprise software. CEO Marc Benioff is positioning the company’s AI ...
ASML Holding NV (NASDAQ:ASML) shared its strategic roadmap during the 2024 Investor Day, highlighting key growth drivers and market ...
Not everyone can make it to outer space, but Microsoft (MSFT) and the National Aeronautics and Space Administration want to “democratize access” to the Earth’s scientific data.
New plans will see the 86 authorities managing local government pension schemes pooling their assets into a smaller number of 'megafunds'.
You must keep up on Warren Buffett stocks: The Berkshire Hathaway chief sticks to a winning investing formula, but he does not sit still.
Oklo (OKLO) shares gain after the nuclear energy company, backed by OpenAI CEO Sam Altman, secured new agreements to power data centers. Big Tech companies, like Alphabet (GOOG, GOOGL) and Microsoft (MSFT), have turned to nuclear energy to meet the energy-intensive demands of artificial intelligence (AI) data centers. Catalysts Host Madison Mills examines the performance of electric utility stocks in the context of Big Tech's nuclear push and comments from Tom Steyer, the co-executive chair of Galvanize Climate Solutions, at Yahoo Finance's Invest conference. Watch the complete interview with Steyer here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
Morningstar technology analyst William Kerwin joins Morning Brief to discuss the potential impact of the Trump administration on Big Tech companies. While Kerwin notes that "a lot remains to be seen," he is focused on how Trump's trade policies could affect companies like Apple (AAPL) that have a presence in China. Kerwin believes these companies may seek to diversify their trade relationships to regions like India or Southeast Asia, stating "it will be a trend across the sector." However, he cautions that high China exposure does not necessarily equate to high investment risk, saying, "You really have to unpack what's in that exposure." Regarding regulatory impacts, Kerwin thinks "there could still be some antitrust [action] against the largest of tech companies." But he also expects "M&A deals at the rung just below those largest of largest tech companies can start to pick up again over the next four years." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
Trump Media stock was one of the clearest Trump trades going into the Nov. 5 election. The stock, which trades under the ticker DJT, fell further in early trading Thursday, slipping 5.9% to $27.22 even after Wednesday’s late call that Republicans will keep control the House. In Wednesday trading, shares fell 5% after reports that insiders will start selling stock.
In the dynamic and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In ...
In today's rapidly evolving and fiercely competitive business landscape, it is crucial for investors and industry analysts to conduct ...
Although Buffett has been selling Apple stock, it has continued to rise in value this year.
Bitcoin (BTC-USD) is on the rise. The cryptocurrency has soared since President-elect Trump won his second term in office, briefly touching above $93,000. The October Producer Price Index (PPI) report was hotter than expected, raising concerns about what it could mean for the Federal Reserve and its rate path. Walt Disney Company (DIS) shares jumped after the entertainment giant reported better-than-expected fiscal Q4 earnings. The entertainment giant's results got a boost from its streaming business. Morning Brief Anchors Seana Smith and Brad Smith break down three of the top stories investors should be watching this morning. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Stephanie Mikulich.
Ray Dalio's Bridgewater Associates recently trimmed its Microsoft Corp (NASDAQ:MSFT) stake by 20% in the third quarter 2024, marking a ...
Apple's Institutional Support Holds Steady as Dimension Capital Reduces Its Shareholding
Amid concerns over potential trade penalties from the U.S., Yang Chin-long, the governor of Taiwan’s central bank, has voiced ...
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Microsoft Corporation (NASDAQ:MSFT). On Oct. 30, ...
Growth is slowing, margins are falling, and multiples may have already peaked for Nvidia.
Stock selection includes how to pick the best stocks. But portfolio management involves knowing when to sell and add shares.
Accenture and Avanade, their joint venture with Microsoft Corporation, are launching a copilot business transformation practice.
The latest investor updates on stocks that are trending on Thursday.
Following the election of Donald J. Trump to a second non-consecutive term, global capital markets have generally responded well to the ...
Is Buffett's biggest bet of 2024 still worthy of a wager?
The pound traded near its lowest point since the global market sell-off in August.
The AI Innovation Factory was created through a partnership between Microsoft, Accenture, Avanade and Unicorn Factory Lisbon.
Jensen Huang is extremely bullish on Nvidia's new Blackwell artificial intelligence chips.
Microsoft's stock has underperformed the S&P 500 this year, and that could continue into next year.
This buy now, pay later company is growing nicely and could benefit from tailwinds that could make it profitable in the near future.
Consumer group Which? has filed a £3 billion ($3.81 billion) legal claim against Apple Inc. (NASDAQ:AAPL), accusing the tech giant of ...
ChatGPT-parent OpenAI reportedly plans to launch a new AI agent, codenamed "Operator," in January. What Happened: This new artificial ...
Palantir just tapped Amazon to help bring artificial intelligence (AI) tools to the U.S. military.
Indicators point to considerable gains for these three tech names.
Here's a look at the history of Apple and where the stock stands today.
Both companies are benefiting from AI's growth, but only one is a clear leader.
Mass General Brigham, Emory and other providers will assess different AI models from companies like Google, Microsoft and Amazon.
The FTSE 100 is expected to remain a battleground between buyers and sellers on a busy day for corporate reporting.
U.K. consumer-protection group Which? said the iPhone maker had breached competition rules by tying consumers to its iCloud storage service.
Apple Inc.‘s (NASDAQ:AAPL) Taiwan-based supplier Foxconn (OTC:HNHPF) reported its third-quarter results on Thursday. The company, ...
Consumer group Which? is launching a £3bn legal claim against Apple, alleging that the tech giant has breached competition law.
In mid-October 2024, Artprice by Artmarket began providing data trained by its proprietary artificial intelligence (Intuitive Artmarket®) to its high-end subscribers.
OpenAI joined Microsoft, Google and AWS as a top software vendor for the first time this year, according to Flexera.
Advanced Micro Devices(NASDAQ:AMD) has reportedly decided to lay off approximately 1,000 employees, representing 4% of its global ...
To gain an edge, this is what you need to know today. Extreme Sentiment Please click here for an enlarged chart of iShares ...
Final Cut Pro 11 begins a new chapter for video editing on Mac
US stocks (^DJI, ^IXIC, ^GSPC) seem to have calmed in Wednesday's session following the October CPI (Consumer Price Index) print that matched economists' inflation forecasts. Is this a sign that the post-election rally is petering out? Yahoo Finance markets reporter Josh Schafer outlines three major elements markets could currently be pricing in: the Federal Reserve's 2% inflation target, bitcoin's (BTC-USD) latest rally to a record high above $93,000, and IPO forecasts under a second Trump administration. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.
The price of bitcoin climbed above $90,000 to notch another intraday record Wednesday, building on a hot streak since Election Day. The largest cryptocurrency by market value traded as high as $93,445 before giving back some of its gains.
Rumored smart home products at Apple could provide the next leg up in the company's growth story, an Apple stock analyst said.
Bitcoin prices pushed to record highs on Wednesday, topping $93,000 and continuing the post-election surge for the world's largest cryptocurrency.
Microsoft Gaming CEO Phil Spencer has confirmed the company has its sights set on a handheld gaming device under the Xbox brand. He did ...
U.S.-listed Chinese stocksAlibaba Group Holding.(NYSE: BABA),JD.com, Inc.(NASDAQ:JD),Baidu, ...
Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and "nonsense," still isn't an uber-bull, though.
Yahoo Finance's Akiko Fujita runs through several of this morning's biggest market stories: Bitcoin (BTC-USD) rallies above $93,000, another new record high for the cryptocurrency, while the altcoin dogecoin (DOGE-USD) rises after President-elect Donald Trump taps supporter Elon Musk for his government efficiency initiative. Super Micro Computer (SMCI) has delayed its latest earnings filing yet again. Gym chain Planet Fitness (PLNT) loses out to PureGym on its bid to acquire the bankrupt Blink Fitness, which is owned by Equinox. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
Altcoin trading is following a similar path to online poker as the game is getting considerably tougher. But there will continue to be windows of “easy money”, says David Zimmerman, a research analyst at K33 Research.
Symbols mentioned in this story: DIA, UNH, GS, MSFT Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Symbols mentioned in this story: SPLG, AAPL, GOOG, BRK. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF Trust, which added 22,800,000 units, or a 2.2% increase week over week. Among the largest underlying components of SPY, in morning trading today Nvidia is down about 0.8%, and Apple is lower by about 0.5%.
In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully ...
Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for ...
US stocks (^DJI, ^IXIC, ^GSPC) open Wednesday's session in positive territory after the US Bureau of Labor Statistics reported October's Consumer Price Index (CPI) to have come in line with economist estimates. Morning Brief anchor Brad Smith and Yahoo Finance markets and data editor Jared Blikre monitor the morning's market moves, taking a look at the S&P 600 small cap index (^SP600), the 10-year Treasury yield (^TNX), and the recent price action in gold (GC=F) and bitcoin (BTC-USD). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
Apple's (NYSE:AAPL) short percent of float has fallen 5.38% since its last report. The company recently reported that it has 133.04 ...
October's Consumer Price Index (CPI) report saw prices rise 0.2% month-over-month and 2.6% annually, in line with economist forecasts. The core inflation reading — which excludes food and energy prices — rose 0.3% monthly and 3.3% year-over-year, which were also in line with estimates. Bitcoin (BTC-USD) continues to rally, the cryptocurrency now shooting to a new record high above $89,000 Wednesday morning. President-elect Donald Trump taps billionaire Elon Musk and Vivek Ramaswamy to lead his Department of Government Efficiency (DOGE). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
Microsoft (NASDAQ:MSFT) President Brad Smith emphasized China’s swift technological advancements, suggesting they are on par with ...
On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital picked Microsoft Corporation (NASDAQ:MSFT), ...
This consumer tech powerhouse has been a market-crushing investment.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the FT Raymond James Multicap Growth Equity ETF (RJMG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $26.66 per unit.
In the frenzy of election season, the Georgia congresswoman carved out some quiet time to increase positions in her favorite stocks.
Following their listing, ether ETFs did not enjoy the same response as their bitcoin equivalents had done in January.
Cardano Foundation, a not-for-profit organization that develops and supports the Cardano network, launched its first Financial Insights Report on Wednesday detailing spending across operations, education and adoption for 2023.
The latest investor updates on stocks that are trending on Wednesday.
Warren Buffett is raising cash fast and generally avoiding stocks right now.
» Why Were Dividend King Stocks Coca-Cola, PepsiCo, and Procter & Gamble Falling After the Election?
The S&P 500 may be hitting an all-time high, but these three safe stocks are missing out.
The Oracle of Omaha and his team sold more than $36 billion worth of stocks in the September-ended quarter.
The artificial intelligence (AI)-powered software company has a great business model, which is a feature behind all stocks that are big winners over the long term.
» 2 S&P 500 Dividend Stocks That Could Soar 30% or More, According to a Pair of Wall Street Analysts
If Wall Street's right, investors will get a lot more than just rising dividend payments from this pair.
Technology analyst Beth Kindig believes Nvidia will be worth $10 trillion by 2030.
Apple Inc. (NASDAQ:AAPL) has announced a new feature for its Find My app that allows users to share the location of lost items with ...
Apple Inc. (NASDAQ:AAPL) reportedly plans to unveil a new AI wall tablet to challenge Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc.'s ...
OpenAIco-founder Greg Brockman has announced his comeback to the AI startup after a three-month leave. What Happened: On ...
SP500 is moving into a series of Elliott Wave fours, so expect markets higher, however with ever growing larger complicated corrections
Stocks and Bitcoin have both exploded to new all-time highs being the big headline.
Bitcoin (CRYPTO: BTC) has reached a new milestone, surpassing the market cap of silver and becoming the world's eighth-largest asset by ...
It would be an understatement to say that last week was particularly eventful, what with the elections and FOMC policy decision, plus some impressive earnings announcements.
Apple is counting on its AI-initiatives to further drive sales of its hardware. But it is early days to see if that strategy will truly pay off.
Apple Inc (NASDAQ:AAPL) launched a high-end version of its “100 Best Albums” list — with a hefty price tag. The 208-page ...
On Tuesday, Netflix Inc (NASDAQ:NFLX) reached a significant milestone, announcing that its ad-supported streaming tier now serves 70 ...
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (AAPL), where a total volume of 306,767 contracts has been traded thus far today, a contract volume which is representative of approximately 30.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.2% of AAPL's average daily trading volume over the past month, of 43.7 million shares..
The stock market and cryptocurrency sector have soared since Donald Trump won the 2024 election with major U.S. stock indexes hitting ...
To gain an edge, this is what you need to know today. Incredible Gain Please click here for an enlarged chart of Tesla Inc ...
The market appreciates certainty; it got a clear read on the next U.S. presidential administration and the near-term interest rate outlook. We break it all down, and give you a little reset from all the big-picture talk.
Apple investors were treated to unwelcome news by the company's management.
In a game built around shootouts and high kill counts, Microsoft Corp.’s (NASDAQ:MSFT) Call of Duty: Black Ops 6 player Pilgore ...
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and ...
In the fast-paced and highly competitive business world of today, conducting thorough company analysis is essential for investors and ...
Lockheed Martin Corp (NYSE:LMT) shares nudged up by 1.07% on Monday as reports emerged that Taiwan might be loading up on U.S. defense ...
AppLovin, Opera, and Datadog deserve more attention from retail investors.
The dollar index has rallied since Republican candidate Donald Trump won the US presidential election. His win has changed the fiscal and monetary policy outlook, favoring the greenback.
The AI-driven software company has several key qualities that make it positively stand out from other companies in the AI space, including top-quality ones, such as Nvidia.
Tesla stock is almost twice as expensive as Nvidia stock right now.
Palantir management detailed its secret to margin expansion on the recent earnings call.
Star hedge fund manager Ken Griffin has been selling Nvidia and buying Amazon.
In a year marked by strong market performance, prominent fund managers Gary Black, Ross Gerber, and Cathie Wood are showing mixed ...
These three tech giants are poised to deliver future returns with the help of artificial intelligence.
The AI tailwind can continue to propel these quality stocks in the long run.
President-elect Donald Trump is considering appointing an “energy czar,” a role that would have the authority to nix ...
To gain an edge, this is what you need to know today. Trump Trade Rolls On Please click here for an enlarged chart of ...
Germany needs a stable and reform-oriented government to respond to the impact of US president-elect Donald Trump’s potential policy shifts that will impact Germany’s trade, fiscal and defence policies.
Donald Trump’s emphatic victory in the US presidential elections is a net negative for US risks over the medium run because it raises financial risk, although nearer-term implications for the economy are more mixed.
The prospect of a Donald Trump presidency roiled foreign-exchange markets, giving the dollar a huge boost and hammering other currencies like the euro, yen, Mexican peso and Chinese yuan. The Mexican peso sank to its weakest level against the dollar this year, before paring some losses. Trump has threatened to levy hefty tariffs on Mexico that could curb demand for its exports.
Investors are betting a second Donald Trump presidency will widen the economic gap between the U.S. and Europe. Traders ramped up wagers Wednesday that European policy makers will cut interest rates more aggressively, given Trump's proposed tariffs could hurt Europe's already struggling economy.
The preliminary figure for growth in the third quarter is 2.8%, 0.2% below the consensus.
Georgia’s coming elections highlight its tough balancing act between the West and Russia. Competing visions for the nation’s future, challenging geopolitics and sanctions risks threaten the sovereign’s ratings.
Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.
EUR/USD collapsed to an 11-week low on Thursday after the European Central Bank lowered interest rates by 25-bps.
The European Central Bank lowered its key interest rate to 3.25%, in its second consecutive cut. The move widens the gap in benchmark borrowing costs with the Federal Reserve. Find out more in our recently ...
Headline annual inflation reached a fresh low of more than three years but the greenback’s performance was mixed.
Italy aims to accelerate fiscal tightening to exit the Excessive Deficit Procedure earlier than expected, but high public debt, structural economic weaknesses and unfavourable demographics pose challenges.
Germany is facing demographic challenges with more acute structural pressures than other advanced economies. Labour-market and pension reforms are essential, but fragmented politics risk are eroding competitiveness.
Despite inflation heading below the ECB's target rate of 2% in September, core inflation — which strips out more volatile measures — still came in at 2.7%.
The US dollar index hit 14-month lows on Wednesday near 100.20. The Fed is expected to cut 25-bps rates in November and December, so market participants may price in the impact of future cuts.
A soft landing for the European economy could be slipping away, increasing pressure on policymakers to step up the pace of interest-rate cuts. Business surveys out Monday indicated that activity in the eurozone's two largest economies was much weaker than expected in September. Here is how markets reacted: + **An October rate cut is now on the table.** Derivatives markets show investors see the European Central bank's key rate at 3.31% next month, meaning they are pricing in almost a full quarter-point reduction from the current rate of 3.5%.
Are you tracking the EURUSD pair?
The dollar hit its weakest level in nearly nine months against the yen, amid revived speculation over a bigger U.S. interest-rate cut next week. The Wall Street Journal reported Thursday that the Federal Reserve was still considering whether to cut its benchmark rate by a standard 0.25 percentage point, or 0.5 percentage point on Wednesday. Traders sold the dollar upon learning that the option of a larger cut was still on the table, said Katsutoshi Inadome, a strategist at SuMi Trust.
The European Central Bank lowered interest rates by a quarter point for the second time in three months, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
