Table of Contents:
Chinese stock markets are on the rise
The Chinese stock exchanges closed the day in positive territory, anticipating the important decision on interest rates by the Chinese central bank. In Shanghai, the Composite Index registered an increase of 0.67%, reaching 3,346.01 points. This increase was supported by a climate of optimism among investors, expecting clear signals about future monetary policies
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Shenzhen Stock Exchange Performance
At the same time, the Shenzhen stock exchange saw its index jump by 2.19% to 2,009.86 points.
This result was mainly driven by the high-tech sector, which showed strong performance, especially in view of the results expected by the technological giant Nvidia. Investors are confident that Nvidia’s results can positively influence the Chinese technology market
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Hong Kong stock market performance
The Hong Kong stock exchange also followed the positive trend, with the Hang Seng Index closing with a gain of 0.44%, reaching 19,663.67 points. These results reflect general investor optimism about upcoming economic decisions and the performance of the technology sector, which continues to be a growth engine for the Asian economy
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Inflation in the Eurozone
Meanwhile, inflation in the Eurozone is confirmed at 2% year-on-year for October 2024, as reported by Eurostat. This figure marks an increase compared to the previous month and indicates an increasing pressure on prices. Core inflation, which excludes the most volatile components, remains at 2.7%, suggesting that inflationary pressures may persist in the short term. Across the European Union, annual inflation rose to 2.3%, highlighting the economic challenges that member countries face
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Closing of the Tokyo Stock Exchange
The Tokyo Stock Exchange closed higher, supported by securities from the banking and financial sector. Nikkei gained 0.5%, driven by companies such as Sumitomo Mitsui Financial Group and Hachijuni Bank. Expectations of a rate hike by the Bank of Japan have fueled optimism among investors, who see significant growth potential in the banking sector
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Nestlé’s Business Strategies
In a changing market environment, Nestlé announced that it had lowered its medium-term profitability target. The company plans to increase advertising investments to stimulate sales, trying to adapt to new consumption dynamics. This strategy reflects the need for companies to respond quickly to changes in consumer behavior and global economic challenges.
The legal battle against Google
Finally, the United States Department of Justice is intensifying its battle against Google, demanding the sale of the Chrome browser. This legal action represents a significant step in the fight against technological monopoly and could have important repercussions on the technology market. The developments of this situation will be closely followed by investors and industry analysts
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