eToroInvestment @eToroInvestment: "🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹European..."

eToro

Edited

🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹European stocks are set for a subdued opening amid the dollar's decline and stable Treasury gains. Key events include a NATO meeting in Brussels, speeches by ECB's Cos and BOE's Ramsden, and a meeting between Greece's Mitsotakis and UK's Sunak in London. Anticipated consumer confidence data from France and Germany, along with earnings reports from $EZJ.L (easyJet), CD Projekt, and $PETS.L (Pets at Home Group Plc) , will also be in focus. 🔹 $BAC (Bank of America Corp) outlines 10 investment themes for 2024, including a 10% rise in the $SPX500 and rate cuts. Expectations include $EuroOIL averaging $90 per barrel and mixed projections for Eurostoxx. The forecast also discusses persistent inflation in Japan and favorable conditions in emerging markets due to rate cuts. 🔹Inflation has significantly eroded purchasing power in the U.S. since 2020. Costs for necessities like groceries and electricity have surged, alongside notable increases in used car prices, auto insurance, and rent, stressing household budgets. 🔹The $VIX.DEC (Volatility Index) dropped to its lowest since January 2020. 🔹 $ALB (Albemarle Corporation), a top U.S. lithium provider for EV batteries, saw a decline over 5%, mirroring a dip in the $LIT (Global X Lithium & Battery Tech ETF) . 🔹 $TEVA (Teva Pharmaceutical Industries ADR) shares increased by 3% following an upgrade from UBS, reflecting optimism about its product pipeline and clinical trial outcomes. 🔹E-commerce Stocks Rally Post-Black Friday ($AFRM (Affirm), $SHOP (Shopify Inc.), $ETSY (Etsy Inc)) The e-commerce sector, including stocks like $AFRM, $SHOP, and $ETSY, experienced significant gains after Black Friday, with a reported $9.8 billion in sales. 🔹What to Watch: $CRWD (Crowdstrike Holdings)'s Q3 Update - Austin-based CrowdStrike (NASDAQ: CRWD) prepares for its Q3 update amidst a strong market performance, with its stock value doubling in 2023. Analysts at Stifel have shifted their rating from 'Hold' to 'Buy', highlighting the company's technological edge and market presence. ⚠️Please note, this is not investment advice⚠️ *Past performance is not indicative of future results.

6 Mentioned Show all

PETS.L

Pets at Home Group Plc

BAC

Bank of America Corp

SPX500

EuroOIL

LIT

Global X Lithium & Battery Tech ETF

TEVA

Teva Pharmaceutical Industries ADR