The former dominant player in the world of electric cars is suffering from poor sales of its vehicles and reports massive layoffs. Weakening demand for electric cars and increasingly fierce competition is forcing the manufacturer to cut prices. Tesla's troubles are mounting, and its stock has fallen to 15-month low, with some analysts downgrading its rating. * What can be expected in the future from an EV company that not long ago seemed unstoppable?
The Paris 2024 Olympic Games are just around the corner and present a huge opportunity for sports brands to showcase their products through prestigious partnerships. Jamaican sprinters will have Puma’s back, Nike is preparing jerseys for national teams while Adidas bets on less traditional Olympic sports. Sportswear brands thus find themselves in their own "arena", where they try to claim room to resume their growth, after challenging period.
Norway is a rich and developed country that is interesting not only for lovers of the Nordic wilderness or fishing. It is also becoming attractive to an increasingly diverse group of investors. Although the macroeconomic figures might suggest that investment in Norway equals investment in the mining sector, this is not true. It is possible to invest in quite a wide range of sectors, both through equities and funds.
The American index S&P 500 had a very successful quarter, experiencing the biggest increase since 2019 in a comparable period. Tech companies were the main drivers, propelled by the AI revolution, although there are also signs of a broader market revival. The growth was supported by reduced concerns about a recession in the US, while investors are carefully monitoring further economic data that could determine further market forecasts.
The Japanese yen has hit its lowest level against the dollar since 1990. This came after the Bank of Japan (BoJ) recently ended a long era of negative interest rates. The move has not had much impact on the value of Japanese government bond yields as the gap between them and those of the US widens. This development may be up to BoJ's monetary policy and, in particular, how its officials react to any further currency devaluation or rising inflation in the country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.99% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.