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SpaceX set the IPO price and set the company's value at $1.75 trillion before setting the record

04/06/2026 by the Logistics TransportIn the the General Assembly

SpaceX has announced plans to raise up to $75 billion (€66 billion) in funding at its long-awaited stock market launch; This will make it the largest IPO in history, and its founder Elon Musk will significantly increase ’'s wealth, potentially making him the world's first trillionaire.

The company, officially known as Space Exploration Technologies Corp., said on Wednesday it plans to sell 555.6 million shares at $135 each. The offer will exceed the $26 billion (23 billion euros) Saudi Aramco’ raised in 2019’, and SpaceX’e will value approximately $1.77 trillion (1.56 trillion euros).

Such a valuation would place SpaceX’i among the world's most valuable stock exchange companies. Only a handful of firms are currently worth more, including Nvidia, which has a market cap of around $5.2 trillion (€4.6 trillion).

Musk’'s control continues

According to Forbes calculations, the public offering will also increase the value of Musk’'s stake in the company by an estimated $223 billion (EUR 196 billion). This could increase its net worth on paper to over $1 trillion (880 billion euros), although much of its wealth is tied to company shares.

The updated file also underscores Musk’'s control over the company. Thanks to Class B shares, each of which carries 10 votes, SpaceX CEO ’ will have roughly the same voting power after being listed. %He'll keep his 82.4’.

Despite rising valuation, losses continue

While SpaceX has offered to enter a blockbuster market, it is currently losing billions of dollars a year. Legal records show that the company reported operating losses of $2.6 billion (€2.3 billion) on revenue of $18.7 billion (€16.5 billion) last year, and losses continued during the first months of 2026’.

The public offering outlines ambitious plans for future growth, including financing missions to the Moon and Mars’a, and expansion of the Starlink satellite network. The document also reiterates Musk’'s long-standing goal of establishing a permanent human settlement on “ Mars”, a population of at least one million, which appears as existential threats that could condemn “ to the same fate as the ”dinosaurs.

Artificial intelligence targets are at the heart of growth plans

Artificial intelligence stands out in SpaceX’'s growth strategy. SpaceX said in its IPO application that the value of the global artificial intelligence market could reach $26.5 trillion (23.4 trillion euros). Although some of his plans, including space-based data centers, have not been technologically proven.

Analysts say artificial intelligence will be vital not only for SpaceX, but also for Musk’'s wider business empire, including electric vehicle maker Tesla. Wedbush Securities analyst Dan Ives even suggested a future merger between the two companies.

SpaceX’in, however, is facing scrutiny of artificial intelligence credentials. According to industry analysts, Musk’'s AI startup is struggling to keep up with competitors like xAI, OpenAI, and Anthropic.

IDC analyst Arnal Dayaratna said the main AI product, chatbot Grok’un “ister OpenAI, is less impressive than anything we've seen from other major players in the field, whether it's Anthropic or (Google’'s) Gemini.

Dayaratna said this does not mean that SpaceX’ has no potential as a major AI player; This is in part a move that could help Anthropic and Musk compete for enterprise customers using OpenAI and Anthropic products, thanks in part to a recent computer agreement with SpaceX’e that entitles them to buy the artificial intelligence coding tool Cursor’u for $60 billion (€53 billion) later this year.

SpaceX plans to use the net revenue from the IPO to fund the expansion of infrastructure for artificial intelligence and rocket business, among other investments, and to strengthen the satellite team that powers Starlink Mobile’a.

The company plans to be listed under the Nasdaq’ta “SPCX” symbol and may begin trading by the end of next week.

And SpaceX isn't the only gigantic market start that investors are currently preparing for. Earlier this week, Anthropic filed a confidential applicationTo officially launch its own IPO clock with the U.S. Securities and Exchange Commission.

OpenAI has not yet submitted an applicationThe initial SEC paperwork is ready, but the ChatGPT maker is widely expected to go public.

Ives, “This list represents the first major test for public markets after years of IPO silence, paving the way for SpaceX, AI giants Anthropic and OpenAI’ to follow shortly thereafter.

Report suggests ‘ could fall into the ’ dependency trap in AI trade with Europe, US and Asia

26/05/2026 by the Logistics TransportIn the the General Assembly

While artificial intelligence (AI) is reshaping global trade and economic power, Europe is at risk of falling into the trap of technology “addiction, according to a new report.

Insurance company Allianz’'s report suggests that the world economy is being reorganized around technology industries such as cloud computing, data centers and semiconductors, where Europe’ is weaker than the US and Asia’.

Asia, this part of the world economy %With 65’i and seven of the world's top 10 AI exporters, it dominates the export of AI-related goods. This sector grew from $1 trillion in 2014’te (880 billion euros) to $3.8 trillion in 2025’te (3.3 trillion euros).

The U.S. has tripled its AI-related imports since 2023’, largely due to the country's investments in data centers and cloud computing. It is also home to almost half of the world's data centers.

Meanwhile, Europe’'s imports related to artificial intelligence were only in the same period. %It increased by 40, which highlighted what Allianz’ describes as an expanding “ infrastructure vulnerability, ”.

“ has a modest role in the bloc's AI supply chain, which leaves the region facing ” with limited strategic leverage and meaningful exposure to supply chain disruptions, the report said.

American ‘ connected to termination key’

The American technology giants, Avrupa’'s operational computing capacity %It controls 40’ and nearly half of its upcoming data center projects.

These firms benefit from a weak market for private investment in companies and low competition from local firms, the report said.

USA also Europe’'s cloud computing market ’'s market share, Avrupa’'s corporate software revenue ’una and customer management software %It has a market share of 73’. This causes players outside the U.S. to compete for “ remaining margins. In the report, “ said that structural constraints, fragmented regulation, complex permission processes, network connectivity delays, the absence of a native hyperscaler, and limited VC or state-sponsored funding reinforce this dependency.

Europe is also dependent on hardware outputs from Asya’, such as graphics processing units (GPU’s) required for training AI models. Block, all IT equipment ’sini imports more than half of the hardware materials needed for its data centers from five Asian countries: Taiwan, China, South Korea, Malaysia and Vietnam.

The report found that this dependence on Asian hardware complemented ’'s dependence on “, which would increase the ” of the USA if no independent investment was made in that area.

According to the report, “Europe, within this framework, is constantly using the US’ termination key for ‘'s cloud data, under the threat of ’; This means that the country can shut down these services at any time. “If AI-related markets are created abroad, this will widen the EU-US service imbalance.”

Europe’'s double gap‘

Unlike the U.S. ’, where private companies pour hundreds of billions of dollars into artificial intelligence infrastructure, or China ’, where the government facilitates investments, “ is suffering from insufficient private capital and fragmented public policy, which the report calls open ”.

To avoid falling into the trap of ’ technology addiction, the European Union must eliminate regulatory and capital constraints for “, the report said.

For example, the report notes that the combination of limited land options in cities, complex permitting processes and environmental regulations makes it difficult to build data centers. Some projects may take up to four years to come to life.

Data center projects in parts of Avrupa’ could take up to five years, the report said, as providers could not connect to some aging power grids with limited capacity and a new center could not meet peak power demands.

Despite these concerns, the report suggests that Avrupa’ still has some competitive advantages in the areas of industrial engineering, automated and regulatory artificial intelligence.

France and Sweden applauded initiatives such as independent computing projects aimed at taking public services in ’ out of the hands of US technology companies such as Google or Amazon Web Services (AWS) and instead investing in European solutions.

These initiatives promised “ counterweights, but their scale was still modest, the report said.

5 things you need to know about OpenAI’'s potentially record-breaking IPO plans

22/05/2026 by the Logistics TransportIn the the General Assembly

According to the Wall Street Journal’, OpenAI is approaching one of the most anticipated stock market launches in history, with plans to apply for an IPO in a few days.

Sam Altman, chief executive officer, aims to go public in September 2026, pointing to a major change for the company that started as a non-profit research laboratory in 2015.

1. It may be the largest public offering ever

OpenAI’ reportedly aims to raise $60 billion (€55.4 billion) at the time of its launch. According to Deutsche Bank Research’, this will more than double the $25.6 billion (€23.6 billion) list that Saudi Aramco’ listed in 2019’, making it the largest public offering recorded at the time.

There's a warning. SpaceX, which presented its IPO statement this week, is targeting an increase of up to $75 billion (€69.1 billion). It is looking for a valuation between $1.75 trillion (1.61 trillion euros) and $2 trillion (1.84 trillion euros). This puts the two companies in direct competition for the largest listing in history.

The Wall Street Journal reported this week that OpenAI’ has agreed with Goldman Sachs and Morgan Stanley to draft a prospectus that could be submitted confidentially to regulatory agencies in a matter of days.

2. A valuation of $1 trillion will make it the 14th largest ’ company in the world

Reports suggest that OpenAI’ could be worth more than $1 trillion (€922 billion) at the time of listing. Deutsche Bank Research analyst Adrian Cox explained the figures on what this means.

ChatGPT producer Berkshire Hathaway will be placed just behind the ’. The holding generated revenues of over $370 billion (341 billion euros) and net earnings of $67 billion (61.8 billion euros) last year. OpenAI will be right ahead of Eli Lilly’, whose sales exceed $65 billion (59.9 billion euros) and earn a profit of $21 billion (19.4 billion euros).

Nvidia is still far ahead. The company has the largest market capitalization in the world and is where public markets are closest to a large investment in artificial intelligence. Deutsche Bank Research states that ChatGPT’ is worth $5.4 trillion (4.98 trillion euros) after its shares have more than tripled since its launch on November 30, 2022.

3. Investors are pursuing pure gaming AI

Currently, retail investors who want to be exposed to artificial intelligence have limited options. They can invest in semiconductor companies, cloud providers or large technology companies.

According to Deutsche Bank Research’, the listing of OpenAI’ will trigger “ to struggle to make the most of investors' appetite for direct exposure to pure artificial intelligence companies in the public markets; This is something that does not exist today.

4. AI IPO race heats up

OpenAI is not alone. Claude’'s producer Anthropic is growing rapidly.

Last month, OpenAI’ surpassed OpenAI’ in sales by 25 billion. $30 billion in annual recurring revenue versus ’ (€23.1 billion) $’a (€27.7 billion) reached.

According to Deutsche Bank Research’'s estimates from The Information’, Anthropic’'s annual recurring revenue is expected to reach around $40 billion (€36.9 billion) this month.

The company may be considering raising more than $60 billion (€55.4 billion) from its IPO this year. Anthropic is also in talks with investors on financing worth $900 billion (830 billion euros). This will put the firm ahead of OpenAI’'s current private market valuation of $852 billion (€786 billion).

Deutsche Bank Research states, based on data from the University of Florida, that a $60 billion increase would be greater than the total in IPOs in the U.S. ’, except for four years since 1980’.

The U.S. stock market is currently around $70 trillion (64.6 trillion euros). This is roughly five times larger in nominal terms compared to the peak of the dot-com bubble.

5. There are still big questions about the business model.

Despite its scale and ambition, OpenAI has never made a profit.

According to Deutsche Bank Research’, the company is expected to generate annual revenues of around $30 billion (27.7 billion euros) this month.

But internal estimates reported by The Information show that it is on track to lose $14 billion (€12.9 billion) in 2026’ alone. Cumulative losses could reach $44 billion (€40.6 billion) ahead of profitability in 2029’.

As Deutsche Bank Research’ notes, when they opened up their “ financial charts and explained the still under-understood economy of their business model, it was yet to be seen how public markets would value OpenAI’ye and its peers.”

OpenAI has taken steps to prepare. It modernized its products, focused on enterprise customers, and clarified its partnership with Microsoft.

October 2025’te completes its transition from a nonprofit to a public interest organization. But questions remain about how to value AI model companies.

In recent months, OpenAI has been carefully laying the foundations by streamlining its products, focusing on enterprise customers, and clarifying its partnership with Microsoft.

October 2025’te completes its transition from a nonprofit to a public interest organization. But questions remain about how to value AI model companies.

European banks show mixed results due to HSBC’nin base profits and UniCredit’in rise

05/05/2026 by the Logistics TransportIn the the General Assembly

The health of the European banking sector is currently under intense scrutiny as the 2026 earnings season reveals how the continent's largest credit institutions are coping with macroeconomic fluctuations.

Europe’'s largest bank and the UKHSBC, which ranks among the top two companies by market capitalization in ’'s FTSE 100 index, reported a slight shrink in profits, citing significant credit disruptions linked to the Iran war, although asset management and Hong Kong operations showed resilient growth.

HSBC also saw a decline in its net profit, missing out on some investor expectations despite an increase in overall revenue.

In contrast, Italy made a strong start to the year, surpassing ’'s UniCredit’i market forecasts, leading the bank to upgrade its financial guidance for the rest of 2026.

Last week, Deutsche Bank, Santander and UBS reported increasing profits showing that despite HSBC’'s poor performance, the European banking sector overall remained strong.

This earnings season comes at a time when investors are weighing the impact of the Iran war and the impact of high interest rates on corporate profits in the Eurozone and the United Kingdom’.

HSBC faces geopolitical downsides despite wealth growth

HSBC’'s latest quarterly figures point to a period of strategic recalibration for the global lender.

Profit before tax according to the bank's financial statement clined by 1.1 to $9.38 billion (€8 billion); This result was below the $9.59 billion (8.2 billion euros) forecast by analysts. The main weight on the balance sheet was the increase in credit depreciation expenses, which reached $1.3 billion (€1.1 billion) compared to $876 million (€750 million) in the same period of 2025’.

According to Richard Hunter’, market president of Interactive Investor’, these accusations are a direct reflection of the current global climate.

Hunter, “Credit depreciations have largely wiped out ledgers for this quarter; The lack of a return to the stock buyback program can also be somewhat disappointing, although the return is not far off, ” said.

Hunter said that with HSBC’'s exposure to regional instability becoming visible in the report, the impact of the conflict in the Middle East“, as with many other global banks in this reporting season, also appeared in figures’ said.

Despite these challenges, HSBC’'s orientation towards the Asian asset market continues to attract interest.

Asset management department, in wage income %It reported 18 increases to $2.7 billion (€2.3 billion), while net new money inflows reached $39 billion (€33.3 billion). United Kingdom’ %5’lik and Hong Kong’ %Revenue growth was recorded across all core units, including a 3’ increase.

While concerns about the commercial real estate sector on mainland China continue, the group has marginally raised its all-year target of banking net interest income to $46 billion (EUR 39.2 billion).

UniCredit raises forecast for 2026 after profit growth

Italian UniCredit, in contrast to the more cautious figures of some of its peers, started 2026 with a performance significantly above market forecasts.

Net profit significantly exceeds analyst expectations compared to the same period of 2025’, according to the bank's quarterly update Increased over ’ to EUR 3.2 billion; EPS is almost %It increased by 20 to 2.15 Euro’.

According to the bank's press release, quarterly revenues %Increased by 5 to 6.9 billion Euro’, net revenues increased by %An increase of 3.3 to 6.7 billion Euro, absorbing ’ interest rates, credit loss provisions and Russia-related negative impacts, underlining the flexibility and diversity of a model structured to perform throughout the entire macroeconomic cycle.

The management reacted to this acceleration by raising its financial forecast for the entire year 2026, raising its net profit outlook to “equal or more from the previous estimate of ”approximately €11 billion to “equal or more.

This development strengthens UniCredit’in Europe's position as one of ’'s most influential major lenders.

EU Inbev continues its momentum amid global market changes

In other consumer-related news, the world's largest beer producer AB Inbev, which includes brands such as Budweiser and Stella Artois, has maintained stable revenue momentum, driven global market changes through strategic pricing and beer volume. %It's up 1.2.

The company's revenue is outside its own market. growth in total revenues of mega brands led by Corona’ %With an increase of 8.2’, almost %Six is up.

Income from non-alcoholic beer increased and revenue from Beyond Beer’, the fast-growing category of non-traditional beer alcoholic beverages is up.

While volume growth is under pressure due to inflationary trends in some markets, the company's EBITDA ’ %It remains stable with an increase of 5.3.

According to EU Inbev’e, the group's diversified geographical footprint has allowed it to offset weak demand in some regions with strong growth in emerging markets.

The brewer continues to focus on digital transformation initiatives and direct-to-consumer platforms, which are expected to be key drivers of volume and margin expansion in the rest of 2026’.

GameStop launches $56 billion takeover bid for e-commerce giant eBay

04/05/2026 by the Logistics TransportIn the the General Assembly

American gaming retailer GameStop has officially offered to buy eBay’ for $56 billion (€47.8 billion); This is a move that will represent one of the most significant consolidations in the history of the digital retail industry.

According to financial documents released on Monday, the proposal aims to integrate the retailer's physical footprint with eBay’'s digital auction infrastructure to dominate the circular economy.

The proposal is designed to lead the company from its traditional brick-and-mortar roots to a broader, platform-based business model.

This strategic maneuver, orchestrated by CEO Ryan Cohen, aims to capitalize on GameStop’'s existing loyal customer base and eBay’'s massive international reach.

Since the arrival of Cohen’, the company has worked to move beyond its shopping center-based legacy of physical game vendors and instead focused on digital services and the fast-growing collectibles market.

If the acquisition of eBay’ takes place, GameStop will have immediate control over an ecosystem that processed billions of dollars in gross product volume last year.

This will then allow the company to synchronize its “PowerUp Rewards” loyalty program with eBay’'s reseller tools, theoretically creating an uninterrupted pipeline for users to trade hardware and software in both physical and digital storefronts.

Market response, expected regulatory body and shareholder review

Initial reactions from Wall Street’, as investors weighed the $56 billion (47.8 billion euros) valuation scale, were a mixture of optimism and caution.

In Monday's premarket period following the news, eBay’'s stock price was approximated as a reflection of shareholders' interest in the proposed premium. %Increased by 10.

GameStop’'s stock price is at the same level before the market, but during Friday's session before the news %6Increased over ’.

The company reportedly plans to finance the acquisition through a combination of existing cash reserves and the new issuance of equity. While GameStop has successfully raised billions of dollars in capital in previous years, some analysts question the long-term debt consequences of such a large purchase.

However, the retailer remains confident that the synergy between the two platforms will drive significant revenue growth in the coming fiscal periods.

Despite the financial force behind the proposal, the deal, which is expected to be intervened by regulators in various jurisdictions, faces a complex path to completion. Antitrust authorities in the U.S. and AB’ are likely to investigate its impact on competition in the secondary electronics market.

There are valid concerns that a unified organization of GameStop-eBay’ could exert a lot of control over the pricing and availability of pre-owned goods, potentially harming smaller independent sellers.

The board of eBay’in has not yet made a public comment on the proposal.

Diageo plc warns profits will fall by millions if U.S. tariffs continue

17/04/2026 by the Logistics TransportIn the the General Assembly

British beverage maker Diageo plc announced its mid-term sales forecast for fiscal year 2025, ending December 31, 2024’te, on Tuesday, and retracted its mid-term sales forecast due to rising U.S. tariff uncertainty.

The company said its profits could fall by nearly $200 million (€193.7 million) in the second half of 2025 if tariffs threatened by U.S. President Donald Trump ’ on Canada and Mexico ’ come into effect.

Diageo plc’'s share price Tuesday afternoon %It's down 1.3.

The company owns more than 200 ’ brands, including Guinness, Johnnie Walker, Bailey’s and Captain Morgan’, and sells in almost 180 countries.

Currently, Diageo exports whiskey from ’ to USA’ye Canada, one of its main markets, and tequila from Mexico’. The North American market is Diageo’'s largest net sales source, as well as the largest share of the alcoholic beverages market in terms of volume.

Therefore, any tariff that USA’ applies to Canada or Mexico’ may have far-reaching consequences for Diageo.

The 25 percent ’ tariffs on Canada and Mexico, which Trump’ is due to impose on Tuesday, have now been delayed by a month. This followed talks with Canadian prime minister Justin Trudeau and Mexican president Claudia Sheinbaum.

Previously, the company's medium-term organic sales growth target %From 5 to %It was between 7. This target was removed as fears of a global trade war increased, affecting recovery rates in many key markets.

Diageo also underlined that future developments make it difficult to provide updated guidance on this goal.

But he assured investors that he would share more regular trading updates and short-term guidance in the meantime.

Diageo reports weak results in fourth quarter

Reported net sales due to challenging foreign exchange market %It fell 0.6 percent to $10.9 billion (€10.6 billion). But organic net sales %It reached $101 million (97.8 million euros) with an increase of 1, but the drop in volumes limited gains somewhat.

Reported operating profit is also affected by adverse foreign exchange conditions %While 4.9 declined, organic operating profit also fell. %1.2 is down.

Earnings per share (EPS) exceptionally %It fell by 9.6 percent, mainly due to the poor performance of Moët Hennessy’.

Diageo faced a worldwide decline in demand for its premium brands after consumers turned to cheaper brands due to the ongoing cost-of-living crisis in various markets.

Debra Crew, CEO of Diageo plc’, said in a 25 Fiscal Year interim earnings press release on the company's website: “ Growth in four of our five regions was supported by market share gains. In particular, we have outperformed the market in North American ’ with high-quality share growth and positive organic net sales growth thanks to strong implementation and momentum in Don Julio and Crown Royal’.

“I'm also particularly proud of the performance of our iconic Guinness brand, backed by brand building expertise, innovation and growing global momentum, delivering double-digit growth in the eighth consecutive half. Although the pace of recovery is slower in several key markets, we maintain confidence in positive long-term industry fundamentals and, more importantly, in our ability to surpass the market.”

What do analysts think about Diageo’'s results?

Quilter Cheviot research head Chris Beckett said in an email note: “Diageo’'s results for today's semester are satisfactory and probably exceeded market expectations. We expected stability in performance and sales %1 increase and profit %With a reduction of 1, this was the stability we were looking for.

The “ market, %From 5 to %7 may react negatively to the removal of medium-term direction towards organic sales growth. This goal was set during the pandemic, when demand was extraordinarily high, and this does not make it realistic in the current environment. While we're not too worried about the removal of this guide, some are likely to take this goal badly.”

“We do not believe that there has been a significant decline in the demand for high-quality alcoholic beverage brands; Instead, there is a temporary soft period that will heal. - ”

Russ Mould, investment director at AJ Bell’in, said in an email note: “Diageo’ has very little good news so far at 2025’. First there was the threat of having to add cancer warnings to beverage labels, and now the company has withdrawn its medium-term guidance.

“ is one of the first companies to go beyond vaguely discussing the threat posed by U.S. tariffs and actively talk about the impact and how to try to mitigate it. Diageo imports a significant portion of U.S. sales from Mexico and Canada, so we'll be relieved to see that tax enforcement for these two countries is postponed for now.’

“If tariffs are eventually implemented, reflecting these extra costs to consumers will be a test of Diageo’'s pricing power. Although the group's income was slightly above the estimates, the financial results were not extraordinary. Dividends were kept steady as a sign of uncertain outlook and that sales of major liquor brands such as Tanqueray, Gordon’s and Smirnoff were under pressure.”

Nvidia Loses Billions of Dollars in Value Due to Investigations

11/09/202411/09/2024 by the Logistics TransportIn the the General Assembly

Nvidia shares seen as a pioneer in the field of artificial intelligence (AI) on Tuesday as investors continue to move away from AI shares lling more than 9 ⁇ , it experienced the largest single-day decline in its history.

Shares of the company, in addition to extended trading hours %It lost 2 more values and lost about $300 billion (€272 billion) of market capitalization in total. This comes after it was announced that the company had received a subpoena from the U.S. Department of Justice (DOJ) as part of an anti-monopoly investigation.

Concerns about monopoly

According to a Bloomberg report released Tuesday after U.S. markets closed, the U.S. Department of Justice has subpoenaed Nvidia and other companies to look for evidence of anti-monopoly violations.

DOJ officials believe that the chip maker's dominance in the global AI chip market leaves customers with limited options, making it difficult for them to switch to other market players only if they don't use Nvidia ⁇ 's products.

The investigation shows that the anti-monopoly investigation has taken a step further as part of the U.S. investigation into Microsoft and Nvidia in June.

These tech giants have been the biggest beneficiaries of the AI boom since 2023, following Microsoft's launch of its AI-powered chatbot ChatGPT ⁇ in February last year. Nvidia is a leader in the supply of Graphics Processing Units (GPU ⁇ s), which are especially required for hyperscalers that support Large Language Models (LLM) training.

Despite recent declines, Nvidia shares this year %It has gained 146 valuations, making the company one of the top performers among global tech stocks.

However, the company announced disappointing quarterly earnings last week, indicating that Nvidia's explosive growth period, which began in the second quarter of fiscal year 2024, could slow. After this announcement, the shares %7 was down.

Tuesday's sales wave shows that investors continue to divest AI stocks in the face of worsening economic signs, reflecting a broader trend in global markets.

Risk avoidance trend prevails in global markets

The market crash led by Nvidia has also been linked to a worsening of concerns about the overall macroeconomic picture.

Risk avoidance dominated global markets on Tuesday; While major European indices closed the day negatively, U.S. indices fell as the month began.

Pan-European Stoxx 600 index %1 down, S&P 500 %2 declined and technology-heavy Nasdaq %It has lost more than 3 cents. There has been a significant decline, especially in semiconductor stocks; Nvidia ⁇ 's collapse spread to global markets and European chip equipment manufacturer ASML %He suffered more than 4 casualties.

U.S. economic data is disappointing.

On Tuesday morning, the U.S. released disappointing economic data revealing its contracting manufacturing activities for the fourth consecutive month in August, rekindling fears of a recession in the world's largest economy.

Amid worldwide turmoil with the Bank of Japan's rate hike and rising economic concerns, Wall Street experienced its worst single-day sale since early August.

Investors are becoming increasingly sensitive to economic indicators after early August sales; The Federal Reserve (Fed) is expected to start lowering interest rates this month.

A possible deeper interest rate cut could signal rapidly deteriorating economic conditions. Historically, there has always been an economic recession during the Fed ⁇ in rate reduction cycle.

Most other major central banks have already begun interest rate cuts in the face of slowing economic growth and falling inflation.

The European Central Bank is also expected to make a decision on interest rates this month, and market participants widely expect the bank to make its second 25 basis points interest rate cut this year.

Why did the euro rise to the top of the 13 months against the dollar?

11/09/202411/09/2024 by the Logistics TransportIn the the General Assembly

The euro gained four consecutive weeks, reaching a 13-month high against the dollar, its strongest weekly performance since November 2023.

This rise pushed the EUR/USD exchange rate to levels not seen in more than a year.

At the beginning of the week, the euro traded around 1.1170 against the dollar, last Friday. ter tapping 1.12 in 0.7 ⁇ increments %It dropped slightly by 0.1.

Euro reaches 13-month high against dollar: Fed Focuses on Interest Rate Reductions

the Federal Reserve ⁇ güvercin ⁇

The recent strength of the euro can largely be explained by the weakening of the dollar. With the signal that the Federal Reserve will soon begin interest rate cuts, the dollar has lost value against all major currencies.

Since the end of June, the dollar has been against the Japanese yen. %More than 10 ⁇ , against the Swiss franc %More than 5 ⁇ and approx. against the euro with the British pound %4 lost its value.

This trend gained momentum in August following the release of weak U.S. economic data.

In particular, July employment figures and lower-than-expected inflation data (CPI) shifted Fed ⁇ in's stance in the ⁇ güvercin ⁇ direction.

Powell signaled interest rate cut in September

Federal Reserve Chairman Jerome Powell, in his speech at the Jackson Hole Symposium, gave a message that opened the door to interest rate cuts, stating that policymakers are more focused on the labor market.

It's time to set the policy. The direction of the movement is clear, he said.

Powell, the Inflation %He emphasized that he was more confident that he was embarking on a sustainable path towards 2 ⁇ , but he was also aware of the ⁇ clearly ⁇ cooling in the labor market.

Risk avoidance trend prevails across global markets

The market crash led by Nvidia has been linked to worsening broader macroeconomic concerns.

Whether this fluctuation in the markets will continue will largely depend on the interest rate reduction process of the US and the economic performance of the Eurozone.