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Deutsche Bank: Despite ongoing economic pressures, the DEGUODAXZHISHU is expected to continue rising strongly.
Deutsche Bank strategists stated in a report that although the German economy continues to face pressure, the DEGUODAXZHISHU has been performing strongly, a difference attributed to its influences from global trends, industry composition, and individual stock contributions. The German Blue Chip index closed at a historical high over the past three trading days, rising 19% in 2024. Since 2023, the index has increased by 50%, while Germany's GDP growth has slightly declined each year over the past two years. Deutsche Bank noted that German GDP does not reflect the performance of the DAX index well, as the index has a higher correlation with global economic growth than with domestic economic performance.
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UBS Maintains Deutsche Bank(DB.US) With Buy Rating, Raises Target Price to $20.6
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External headlines: NVIDIA's latest AI Chip rack has encountered a malfunction. Goldman Sachs has established a Capital Solutions Group. Wall Street anticipates further appreciation of the dollar this year.
The headlines that global financial media focused on last night and this morning include: A New York Fed survey shows that Consumer expectations for inflation over the next three years have risen to 3%. The monthly survey from the New York Fed indicates that USA consumers expect inflation to be higher than previously anticipated in the coming years, marking the latest sign of increasing price concerns after the November elections in the USA. The results of the consumer expectations survey released on Monday show that Consumers' expectations for inflation over the next three years have risen to 3% in December, up from the 2.6% expected in November. Expectations for inflation over the next year remain at 3%, while expectations for inflation over the next five years have decreased from 2.9% to 2.7%.
Wall Street expects the USD to rise further this year, while the Euro may fall below parity.
Given the strong USA economy, reduced expectations for Federal Reserve interest rate cuts, and the possibility of Trump increasing tariffs, Wall Street anticipates that the USD may continue to rise. Forex strategists from Goldman Sachs, TD Securities, and Deutsche Bank expect more upward potential for the USD this year. The Bloomberg USD spot index rose for the fifth consecutive trading day on Monday, now just 2.8% away from its 2022 peak. The cost of hedging against a rise in the USD over the next year has reached its highest level in nearly two years. Forex trader Helen Given from Monex stated, "We believe the USD will remain strong, and if we are to see the Bloomberg USD index break above January 2022."
UBS Maintains Deutsche Bank(DB.US) With Buy Rating, Raises Target Price to $20.5
J.P. Morgan Maintains Deutsche Bank(DB.US) With Buy Rating, Raises Target Price to $21.54
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Warburg Research Maintains Deutsche Bank(DB.US) With Buy Rating, Raises Target Price to $22.05
Headline from the foreign market: Several Federal Reserve officials have spoken, suggesting that interest rates may remain unchanged for some time. Citigroup has raised its expectations for Brent Crude Oil Product prices in the first quarter.
The main headlines that Global financial media focused on last night and this morning include: Several Federal Reserve officials have indicated that interest rates may remain unchanged for a period of time. Multiple Federal Reserve officials confirmed that interest rates may be maintained at the current level for a long time and will only be cut again if inflation significantly cools. Boston Fed President Susan Collins stated that, given the "substantial uncertainty" in the economic outlook faced by Federal Reserve officials, there is reason to slow the pace of rate adjustments. This view was echoed by other Fed presidents and Federal Reserve Governor Michelle Bowman.
The World's Bond Markets Are Uneasy. It's the U.S.'s Fault.