eToroInvestment
Edited
πŸ”” π—šπ—Όπ—Όπ—± 𝗠𝗼𝗿𝗻𝗢𝗻𝗴 π—˜π˜‚π—Ώπ—Όπ—½π—² πŸ”” πŸ”ΉEuropean markets are poised for a muted opening, with investors focusing on upcoming inflation reports. Key speeches from BOE Governor Andrew Bailey and Riksbank Deputy Governor Per Jansson are anticipated. Watch out for German CPI data and euro area consumer confidence figures. Earnings reports from $PRX.NV (Prosus NV), $AT1.DE (Aroundtown SA), and $PNN.L (Pennon Group PLC) are also expected. πŸ”ΉAuto Sales in Focus: Chinese automakers $NIO (Nio Inc.-ADR), $XPEV (XPeng Inc ADR), and $LI (Li Auto Inc-ADR) prepare for updates, as U.S. new-vehicle sales are expected to rise 10.2% YoY to 1.236 million units. Improved retail inventory still lags 40% below pre-pandemic levels. πŸ”ΉHome Prices Hit All-Time High: The $SPX500 CoreLogic Case-Shiller Index reached a record high in September, with an 0.7% increase from August. Annual home values rose 3.9%, reflecting low inventory's impact amidst rising mortgage rates. πŸ”ΉHighlights from UK Stock Market: The UK's FTSE 100 dipped slightly to a two-week low, influenced by Burberry's fall and Pearson's downgrade. Rolls-Royce's positive profit outlook, reaching a four-year high, helped mitigate broader market losses. πŸ”ΉMovers & Shakers: $PDD (PDD Holdings Inc-ADR) surged with a 94% increase in Q3 revenue. $MU (Micron Technology, Inc.)'s stock fell despite a higher revenue forecast. $GME (GameStop Corp.) shares rose ahead of its earnings report, and $CG (The Carlyle Group Inc)'s stock increased by 5% due to $IJJ (S&P MidCap 400) inclusion. πŸ”ΉAt 99, Charles Munger, the strategic force behind $BRK.B (Berkshire Hathaway Inc) alongside Warren Buffett, has passed away. His wisdom, "A great business at a fair price is superior to a fair business at a great price," revolutionized investment strategies. Together, they led Berkshire to a 20% annual gain from 1965-2022, surpassing the $SPX500 . His legacy in finance will endure. ⚠️Please note, this is not investment advice⚠️ *Past performance is not indicative of future results.
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