⚠️In 2024 China will account for less than half of global steel consumption for the first time in 6 years

Steel consumption in the largest market continues to decline for the fourth year in a row, to 869 million tonnes in 2024, while demand in the rest of the world will grow by 1.2% to 882 million tonnes. And in 2025, China's share will decline even further.

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❗️The S&P500's decade of explosive growth is over. We expect the index to grow at a rate of 3% per year in the next decade - GS strategist

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⚠️US Government Bonds Continue To Fall

October BofA survey showed that global managers are selling government bonds at a record pace

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⚠️Elon Musk Warned US About The Threat Of Bankruptcy

Musk announced the imminent bankruptcy of his country if America does not reduce government spending

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🔽Goldman Sachs Forecasts Euro To Fall 10% Due To Trump Tariffs And Tax Break

In a scenario in which Donald Trump would impose large-scale tariffs and cut domestic taxes (if he wins the US presidential election on November 5th)

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📉IMF Lowered Its Forecast For China's GDP Growth To 4.8% In 2024

IMF: China's economic stimulus measures announced by the People's Bank of China are insufficient to significantly increase growth rates

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⚡️For the first time since August, Donald Trump has overtaken Kamala Harris in The Economist's statistical model of the US presidential election

The latest forecast shows Mr Trump has a 54% chance of returning to the White House

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🔔JPMorgan Sees Strong Stock Growth Ahead

JPMorgan strategists disagree with Goldman's forecast and expect an average return of 6.7% for US large-cap stocks over the next 10-15 years.

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💥 Tokyo Metro shares surge 45% after Japan's biggest IPO in six years

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🔼Coca-Cola Increased Quarterly Sales And Improved Forecast

Coca-Cola Co. said consumers continue to pay the higher prices that have supported the company in recent quarters, with a key sales metric rising in the third quarter

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📉Starbucks Fell After Missing Analysts Estimates And Suspending Guidance For Its Next Fiscal Year

The coffee chain said same-store sales fell 7% from a year earlier, and revenue declined 3% to $9.1 billion. The results were primarily driven by softness in North America’s revenues in the quarter.

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⚠️Bond Market Is Seeing A Sell-off After Traders' Erroneous Forecasts About The Fed's Actions

Against the backdrop of a possible Republican victory and strong economic data in the US, the likelihood of a rate cut may be overestimated.

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💥Tesla Delivers Impressive Quarter And Sets Bold Plans For 2025

The results show that the first-half contraction is easing as demand recovers. Following the report, shares rose 12% in post-market trading on Wednesday.

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📈Hermes Continues To Outshine Rivals With Q3 Sales Up 11.3%

Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.

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⚡️Keurig Dr Pepper to Buy Energy-Drink Maker Ghost for Over $1 Billion

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