1) A US court jury today found Sam Bankman-Fried, the founder of the failed FTX cryptocurrency exchange, guilty of a billion-dollar embezzlement case that prosecutors say was one of the largest frauds in United States history. The 31-year-old businessman now faces decades behind bars, the AP agency reported.
2) In the fourth financial quarter, the American technology company Apple increased net profit by less than 11 percent year-on-year to almost 22.97 billion dollars (approximately 529 billion CZK). This follows from today’s report on economic results. Earnings per share beat analysts’ estimates. However, the company’s sales fell slightly, for the fourth quarter in a row. The business has been struggling with low demand for Macs and a volatile smartphone market in China. Shares in the aftermarket reacted by falling 3.5 percent.
3) The inflation rate in Turkey fell to 61.4 percent in October from September’s 61.5 percent. It was the first drop in four months, Turkey’s statistics office announced today. Analysts expected inflation to continue rising and exceed 62 percent. Turkey, which according to the Association of Travel Agencies of the Czech Republic is one of the favorite destinations of Czech tourists in the summer, has the highest inflation in Europe.
4) Shares on the European markets continued to grow slightly this morning and continued the favorable development of the previous days. Since Monday, their key index has already added more than three percent, the biggest weekly gain since March. According to analysts, indications that major central banks in Western countries are ending monetary policy tightening are contributing to the growth, which generally bodes well for stocks.
5) Russian mining firm Norilsk Nickel announced a nine-month dividend and approved a stock split. He wants to increase their liquidity on the market. The world’s largest producer of palladium and a major producer of high-grade nickel said this in a statement today. Shares of the company on the Moscow stock exchange strengthened to a more than 17-month high after the announcement.
Source: Investing.com, Bloomberg, Reuters, CTK, AP
Read more
- 5 events worth paying attention to today
1) Most of the markets of the Asia-Pacific region continued to weaken today due to fears of rising inflation, the biggest losses of around one and a half percent were recorded by shares in Korea and Japan. Shares of the Japanese car manufacturer Nissan fell by ten percent today after Tuesday’s results, while rival Toyota, which announced results on Wednesday, already managed to add two percent to the good.
- 5 events worth paying attention to today
The unemployment rate in the Eurozone and in the entire European Union remained at the same level in September as in the previous…
- 5 events worth paying attention to today
Activity in China’s manufacturing industry grew at its fastest rate in more than two years in October. Shopping index…
- 5 events worth paying attention to today
1) The head of the US Central Bank (Fed), Jerome Powell, said at a conference in Boston that the US economy is currently generating very optimistic outlooks, which, in the unusual combination of low unemployment and low inflation, support the belief in the continued expansion. Powell recalled that the unemployment rate is around 3.9% and inflation is around the central bank’s target of 2%.
- 5 events worth paying attention to today
Business activity in the eurozone in October reached the fastest growth rate since the beginning of this year…
- 5 events worth paying attention to today
1) The European Securities and Markets Authority (ESMA) fined the Moody’s rating agency for violating rating rules in the region. Moody’s is to pay 1.24 million euros. According to ESMA, the German and British divisions of Moody’s negligently violated the Regulation on the Regulation of Rating Agencies in connection with the public announcement of certain ratings. They also violated a rule on disclosure of the methodology used to determine those ratings.
- 5 events worth paying attention to today
Germany’s unemployment rate fell to a record low of 6.0% in October, analysts expected stagnation at…
- 5 events worth paying attention to today
The index of consumer confidence (GfK index) in the favorable development of the German economy in November reached a value of 9.7…
- 5 events worth paying attention to today
Business confidence in Germany surprisingly improved in October. She thus reached the highest level in two…
- 5 events worth paying attention to today
According to the first estimates, inflation (CPI index) in the Eurozone grew at a year-on-year rate of 0.5% in October. Core inflation…
- 5 events worth paying attention to today
1) 194,000 non-agricultural jobs were created in the US economy in September. Analysts expected an increase of about 500,000 jobs after the creation of 366,000 jobs in August (revised from 235,000). The unemployment rate fell to 4.8% from 5.2% in August, a decline to 5.1% was expected. The data was published today by the US Department of Labor.
- 5 things worth paying attention to today
The Japanese yen continues to grow thanks to the surprising inactivity of the Bank of Japan (BoJ) and…
- 5 things worth paying attention to today
The European Central Bank (ECB) was meeting today and its head Mario…
- 5 things worth paying attention to today
The Bank of Japan (BoJ) surprised financial markets with its inactivity, leaving its…
- 5 things worth paying attention to today
The US Federal Reserve (Fed) begins its two-day meeting. No changes are expected regarding…
- 5 things worth paying attention to today
The American Central Bank (Fed) will publish interest rates today at 20:00 CEST, no changes are expected…
- 5 things worth paying attention to today
The price of oil today, thanks to an increase in the monthly production of the Organization of the Petroleum Exporting Countries (OPEC), is falling from…
- 5 things worth paying attention to today
Oil company workers in Kuwait ended a three-day strike and the price of oil began to fall again. To the center…
- 5 things worth paying attention to today
Eurozone finance ministers discuss the rescue package for Greece in Amsterdam. The session will be…
- 5 things worth paying attention to today
The US dollar weakens before the meeting of the US central bank (Fed) and the Japanese yen, on the contrary, before the meeting of the Japanese…
