Table of Contents:
The current economic environment
In the month of October 2024, the United States experienced an increase in inflation, with consumer prices rising by 0.2% compared to the previous month. This marks the fourth consecutive month of growth, highlighting economic stability that, although modest, is in line with analysts’ expectations. Annual inflation accelerated from 2.4% in September to 2.6% in October, confirming market forecasts
.
Wall Street’s reactions
At the opening, the main Wall Street indices showed slight increases. The Dow Jones gained 43.79 points (+0.10%), while the S&P 500 rose by 4.88 points (+0.08%). The Nasdaq also recorded an increase of 14.98 points (+0.08%). These movements indicate some confidence on the part of investors, despite global economic uncertainty
.
Raw materials and growing sectors
In the commodities market, WTI oil declined by 0.82%, to 67.56 dollars per barrel. This decline was influenced by geopolitical factors and global demand. However, the housing index contributed significantly to the increase in inflation, while the energy sector showed surprising stability.
Acquisitions and business strategies
Important news in the agri-food sector is the acquisition of 51% of D.&P. by Finance for Food, which thus becomes the controlling partner. This transaction, concluded with an investment of 500 thousand euros, reinforces FFF’s position in the renewable energy and agri-food sector. D.&P. recorded a significant increase in revenues and EBITDA in 2024, marking an important step in
its growth.
Company performance and future prospects
Meanwhile, Porsche Automobile Holding SE reported a decline in profits in the first nine months of 2024, with a net profit of 2.5 billion compared to 3.8 billion the previous year. Despite this, the holding company expects a net result of between 2.4 and 4.4 billion for the entire year, maintaining a net debt of 5.1 billion. The company’s diversification strategy continues, with investments in emerging sectors such as drones
.
Conclusions on Asian markets
Finally, it is important to note that the Hong Kong stock market continued its negative streak with a decline of 0.1%, while Shanghai recovered 0.51%. American and Chinese economic policies continue to influence Asian markets, creating a climate of uncertainty that could persist in
the short term.
