Skip to content Skip to sidebar Skip to footer

Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Metal prices surged, with gold reaching a new record and silver briefly hitting a 12-year high following central banks' easing policies. Copper also experienced a price rally amid China's additional stimulus measures. However, the price rise may not end here. Metal prices surged, with gold reaching a new record high and silver briefly hitting a…

ByPexecoSeptember 29, 20240Comments

News

European Car Stocks Sink Amid Weaker China Demand

European car manufacturers, including BMW, Mercedes-Benz, and Volkswagen, are experiencing sharp stock declines due to weak demand in China, increasing competition, and the high cost of electric vehicles (EVs). Investor confidence in the sector has plummeted, pushing market valuations for major automakers to near record lows. BMW’s shares fell by 11.2% on Tuesday, the largest…

ByPexecoSeptember 13, 20240Comments

News

Germany’s Struggle with Energy Transition

After the news that Europe's largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn't just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve. As European car companies grapple with the phasing out of combustion engines and…

ByPexecoSeptember 7, 20240Comments

News

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Canada has announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla, as part of a broader strategy to align with Western allies and protect domestic manufacturers. Tesla's shares fell by 3% on Monday following the announcement. The Canadian government revealed a 100% levy on Chinese-made EVs and a 25% levy…

ByPexecoAugust 27, 20240Comments

Stocks

EU Reduces Import Duties on Tesla’s China-Made EVs

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. The EU has slashed an additional tariff on Tesla electric vehicles (EVs)…

ByPexecoAugust 21, 20240Comments

Commodities

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Gold prices have reached a new all-time high, driven by expectations of a lower interest rate environment and increasing demand for safe-haven assets. In contrast, base metals such as copper remain weak, largely due to sluggish economic growth in major economies, particularly from China. Both spot gold and futures prices surged to a new record…

ByPexecoAugust 19, 20240Comments

Stocks

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

KEY TAKEWAYS Tesla shares surged again Wednesday as analysts raised price targets for the stock after second-quarter deliveries beat expectations. Tesla shares are approaching their highest point of the year, and have risen almost 25% this week alone. Wedbush analysts raised their price target for Tesla and called it "the most undervalued AI play" on…

ByPexecoJuly 20, 20240Comments

Stocks

BYD may overtake Tesla to become the biggest EV seller in Europe

The Chinese carmaker BYD reported record sales in the second quarter, likely overtaking Tesla to become the biggest electric car seller globally, particularly in Europe and China. The largest Chinese carmaker, BYD, reported a record number of new energy vehicles (NEVs) in the second quarter, including pure electric vehicles (EVs) and plug-in hybrid cars (PHEVs).…

ByPexecoJuly 17, 20240Comments

Stocks

Optimism About Tesla Deliveries Boosts Its Stock

KEY TAKEWAYS Tesla is expected to release second-quarter delivery numbers Tuesday. Its shares gained today on optimism that the electric vehicle (EV) maker will post solid numbers. On Monday, Chinese EV rivals posted strong numbers, and their shares were up as well. Wedbush Securities analysts believe Tesla's growth in China is turning around. Tesla (TSLA)…

ByPexecoJuly 2, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

European Car Stocks Sink Amid Weaker China Demand

Germany’s Struggle with Energy Transition

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

EU Reduces Import Duties on Tesla’s China-Made EVs

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

Optimism About Tesla Deliveries Boosts Its Stock