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@firasnfts

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@firasnfts
Gm
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🟢Alibaba, Tencent rally as Beijing stimulus plans push China’s tech stocks to 13-month high.
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🔴Banks including Goldman Sachs and Bank of America expect the pound, currently trading about $1.34, to climb in the coming months.
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100 $WILD
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100 $WILD
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Gm Eraly 100 $WILD 18 👏
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DECISION ON BLACKROCK AND BITWISE ETHEREUM ETFS POSTPONED In a statement issued by the commission, the US Securities and Exchange Commission decided to postpone its decision on Nasdaq’s proposed rule change regarding the listing and trading of options on BlackRock and Bitwise’s Ethereum spot exchange-traded funds. The statement explained that the ruling (which was scheduled to be issued next Thursday) has been postponed until November 10. The SEC’s decision comes on the heels of the recent approval of options trading on BlackRock’s iShares Bitcoin Trust (IBIT), which was approved last week.
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ECB MEMBER NAGEL: GERMAN ECONOMY MAY GAIN SOME MOMENTUM AGAIN On Tuesday, European Central Bank member and Bundesbank Governor Joachim Nagel made some important comments regarding economic activity in Germany, assuming that the country's economy should gain some momentum to grow again, but at a slow pace. In addition, Nagel said that the main factors behind Germany's growth were the energy crisis, weak foreign demand and high inflation, but the consequences of high inflation led to a decline in economic activity; many consumers refrained from spending, and in addition, the ECB's tightening of monetary policy weakened economic activity in Germany. In its recent monthly report, the Bundesbank expected that Germany's economic growth rate would decline - and possibly enter a recession - in the third quarter due to weak manufacturing activity, investment and consumer spending at the same time.
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DOLLAR FED MEMBERS' STATEMENTS: STABILITY AFTER RISE The US dollar stabilized on Tuesday, while the euro tried to recover after the big losses it suffered in the previous session.
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🫡
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UK MANUFACTURING AND SERVICES PMIS RELEASED Data released by IHS Markit, a division of S&P Global, on Monday morning showed a negative preliminary reading for the UK Manufacturing Purchasing Managers' Index (PMI) for September, with the preliminary reading recording a contraction of 51.5 points, lower than market expectations of 52.3 points, and also lower than the previous reading for August, which recorded 52.5 points. At the same time, the preliminary reading showed that the UK Services PMI grew at 52.8 points during September, lower than market expectations of 53.5 points, after the August reading had recorded growth of 53.7 points.
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🫡🫡🫡
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Key Events This Week - S&P Global Services PMI Data – Monday - Consumer Confidence Data – Tuesday - New Home Sales Data – Wednesday - Durable Goods Orders Data – Thursday - Final GDP Reading for Q2 2024 – Thursday - Inflation Data for August – Friday
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⚡⚡⚡
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General Electric stock price increased 6x times during last 4 years and now valued with P/S=4.5x, all-time-high multiple.
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🟢Intel shares gained nearly 8% after the Wall Street Journal reported that Qualcomm approached the company about a takeover.
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God bless Lebanon ❤️
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🔺European markets set to open lower following slew of central bank decisions.
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Thanks fam 50 $WILD 2 👏
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