GRAPHIC-Take Five: Two years of war and an AI bull
From Nasdaq OMX Group:
1/ On February 24, Russia’s invasion of Ukraine will mark its two-year anniversary. The war has taken a toll, and the cost to rebuild is nearly half a trillion dollars. Western governments have provided $100 billion in military and budgetary aid. Washington and European leaders are preparing for the upcoming election and considering actions against Russia.
2/ Despite China’s economic struggles and Germany’s weak performance, the global recession fears have diminished due to the resilient U.S. economy. Euro zone’s business activity data shows improvement and emerging markets outside China, like India and the Middle East, are strong. U.S. PMI remains in expansion territory after reaching six-month highs in January.
3/ China’s stock market returns from their Lunar New Year holiday, and investors watch for Beijing’s efforts to support the market. The People’s Bank of China decision on benchmark lending rates and home prices data will provide insights into China’s economic condition.
4/ Nvidia, the tech and growth stock megacap, reports quarterly results, following its impressive stock gains in 2023. Its market cap now surpasses Amazon and Alphabet, making it the third-biggest U.S. company by market cap.
5/ UK’s biggest banks are expected to report the best year on record, with combined pretax profits of 51.6 billion pounds, surpassing the 2007 record. However, the focus is on the future, and uncertainties about high interest rates, mortgage price war, and insolvencies cast a shadow on the record earnings.
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