Wall Street’s trading session opened on a positive note, with the Nasdaq rising by 0.5%, the S&P 500 trading at a similar rate, and the Dow Jones adding 0.3% to its value. Meanwhile, European trading continued to rise, with the CAC in France up by 1.3%, the DAX in Germany by 0.6%, and the FTSE in London by 0.7%.
In terms of investments, JPMorgan advised against buying gold, citing lower average annual returns compared to stock indices. On the other hand, Adidas shares soared after reporting increased revenue and raising profit forecasts for 2024. Similarly, Stratasys signed a cooperation agreement with Secret Additive Technologies, boosting its outlook in the market.
On the technology front, Microsoft announced a significant investment in AI company G42 from the United Arab Emirates. Meanwhile, Trump Media faced continued challenges, with stock prices dropping and the company announcing layoffs to survive financially.
In terms of market predictions, Piquet Bank recommended increasing the weight of gold in investment portfolios due to growing tensions in the Middle East. In addition, Federal Reserve Chairman Jerome Powell indicated that monetary policy would remain unchanged due to strong economic indicators.
Overall, the current state of the market shows a mix of positive and negative trends
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