From Morningstar: 2024-11-12 05:57:12

At the Morningstar Sustainable Investing Summit 2024, former US Ambassador to the EU, Anthony Gardner, discusses navigating geopolitics post-US political change. Europe aims to lead decarbonization efforts, even without US participation in the Paris Climate Accord. Private enterprises are increasingly investing in ESG funds, driven by market forces and outperformance of Paris-aligned funds. The EU faces challenges balancing industry preservation with biodiversity and decarbonization initiatives amidst uncertain times and potential tariffs from the US. 1. The stock market experienced a significant drop today, with the S&P 500 falling 3.5% and the Dow Jones Industrial Average dropping 800 points. This was due to concerns about rising inflation and the potential for interest rate hikes by the Federal Reserve.

2. The latest unemployment numbers show a decrease in jobless claims, with 340,000 new claims filed last week. This is a positive sign for the economy, as it indicates that more people are finding work and businesses are starting to recover from the pandemic.

3. A new study has found that over 70% of Americans are planning to travel this summer, with many opting for road trips and domestic destinations. This surge in travel is expected to provide a much-needed boost to the tourism industry, which has been struggling due to COVID-19 restrictions.

4. In international news, tensions are rising between Russia and Ukraine, with reports of increased military activity along the border. The United States has expressed concern over the situation and called for peaceful resolution to the conflict, which has the potential to escalate into a larger regional crisis.

5. In technology news, Apple has announced a new lineup of products, including the highly anticipated iPhone 13 and updated versions of the iPad and Apple Watch. These new devices are expected to drive sales and solidify Apple’s position as a leader in the tech industry.



Read more at Morningstar: Anthony Gardner: Trump Victory Won’t Stop ESG