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Stellantis warns on profit, citing global markets, Chinese competition
  • September 30, 2024

Stellantis warns on profit, citing global markets, Chinese competition

PARIS (Reuters) -Stellantis NV on Monday slashed its annual forecasts and said it would burn through more cash than expected, citing worsening trends in the industry, higher costs to overhaul its U.S. business and Chinese competition on electric vehicles. In warning about lower than expected profits, Stellantis joins rivals BMW, Mercedes and Volkswagen, which only days ago cut its annual outlook for the second time in three months. British luxury carmaker Aston Martin also issued a full-year profit warning on Monday citing supply chain disruptions and weakness in China.

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  • September 30, 2024

Chinese investors rush into stocks for fear of missing out on epic rally

Animal spirits are back in China's stock market as investors rush into equities, galvanized by Beijing's policy bonanza and driven by fear of missing out on what some see as a rally of historic intensity. Brokerages are bustling with retail clients and a burst of orders is jamming trading systems as investors rotate money out of bonds and deposits into stocks, leading to an explosion in stock turnover and a jump in yields. "Deposit rates are too low, and real estate investment is no longer safe," said 30-year-old office worker Darren Wang, who started buying stocks using borrowed money.

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  • September 30, 2024

Market-Boosting Moves in US, China Yet to Convince Economists

(Bloomberg) -- A stronger-than-expected pivot to stimulus in the world’s two biggest economies has brightened the market outlook. For economists, the jury is still out. Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCC

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  • September 29, 2024

Hedging Goes Out the Door With Burst of China Stocks Euphoria

(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCThe nation’s bazooka stimulus announced last week has pushed a gauge of Chi

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