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ING Groep Newsroom
European Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Down 1.5% for Week
Barclays Sticks to Its Hold Rating for ING GROEP (0RIC)
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Top Gap Ups and Downs on Thursday: CIEN, WBD, ADBE and More
International Precious Metals Futures sharply fell, with COMEX Gold Futures down by 1.87%.
International Precious Metals Futures saw a significant drop, with COMEX Gold Futures falling by 1.87% to $2705.2 per ounce, and spot Gold dropping nearly 1.6% to fall below $2680; COMEX Silver Futures declined by 4.25% to $31.565 per ounce, while spot Silver hit a low of nearly 2.6% to fall below $30.90 during the session. Gold extended its losses, as mixed economic data from the USA prompted investors to take profits after four consecutive days of rising gold prices. Citigroup forecasts that Gold and Silver will gradually return to an upward trend in the next 3-12 months, reaching $3000 and $36 per ounce respectively.
Vantage Data Centers Issues US$114 Million Equivalent Bonds in APAC Guaranteed by Credit Guarantee & Investment Facility
Goldman Selectively Constructive on European Banks -- Market Talk
Greece's population collapses, Prime Minister says society faces an existential threat
St. George's Cafe in Lasta (Lasta), a mountain village in the Peloponnese region of Greece, no longer exists. However, there is a credit system — visitors can enjoy a drink, leave a donation, and soak in the ruins of a bygone era. The lively pictures of residents on the cafe wall can't hide the reality outside: a desolate square, abandoned schools, and abandoned houses, allowing people to see the future of a country facing the risk of population collapse. Rasta is just one of hundreds of sparsely populated or abandoned “ghost towns” and villages across Greece. It is also the country's birthrate, economic difficulties, and scale over the years
The EU and South America have reached a large-scale trade agreement, with Lithium seemingly being the key.
After 25 years of negotiations, the EU and the five member countries of the Southern Common Market (Mercosur countries) - Brazil, Argentina, Paraguay, Uruguay, and the newly joined Bolivia - reached a long-awaited trade agreement on December 6. Analysts indicate that the strategic importance of lithium may have played a significant role in this major agreement. If approved by the 27 EU countries, the EU-Southern Common Market partnership will create one of the largest free trade areas in the world, estimated to cover over 0.7 billion people, accounting for approximately 20% of global GDP.
European Equities Traded in the US as American Depositary Rise in Thursday Trading
Dutch International: If no action is taken, France's economic growth will continue to slow down.
Economists Charlotte de Montpellier and Chris Turner of ING Groep wrote in a report that the collapse of the French government would be bad news for the eurozone's second-largest economy. The minority government led by Barnier will face a vote of confidence in the French National Assembly this week. Previously, the government forcefully passed part of the budget without a legislative vote, which now seems likely to fail. Economists suggest that the collapse of the French government will compel President Emmanuel Macron to make renewed efforts to find a prime minister capable of leading the government, potentially further prolonging the political deadlock. They state
ING Groep Advances in Share Buyback Strategy
Top Gap Ups and Downs on Monday: TSLA, NET, STLA and More
ING Groep Announces 2024 EU Transparency Results
Public opinion survey: South Korea's overall inflation rate in November may rebound.
According to a survey of 13 economists, the overall inflation rate in south korea is likely to rebound in November, but still remains below the central bank's annual target of 2%. The survey indicates that as the impact of a high comparison base gradually fades, the benchmark consumer price index is expected to rise by 1.7% year-on-year, compared to an increase of 1.3% in October. Economists from ing groep stated, "It is expected that the annual inflation rate in south korea will remain below 2% throughout 2025." Due to the stabilization of shenzhen agricultural products and stocks prices and sluggish domestic demand, the index may fall by 0.1% month-on-month in November.
Institutions: Inflation in the eurozone may decline next year.
ING economist Bert Colijn wrote in a report that due to weak demand, inflation in the eurozone may decline next year. In November, consumer prices increased by 2.3% year-on-year, exceeding the European Central Bank's target. However, core inflation (excluding volatile energy prices) remains stable, and with weakening demand in the 20 member currency union, it is expected to decline in the coming months, Colijn stated. 'The labor market is softening, and we expect wage growth to slow next year.'
RBC Capital Reaffirms Their Hold Rating on ING GROEP (0RIC)
Unusual Options Activity: ING, WDAY and Others Attract Market Bets, ING V/OI Ratio Reaches 89.3
Analyst: Trump's tariff plan could cost every American consumer up to $2400 per year.
ING's James Knightley stated in a report that if elected president, Donald Trump's proposed tariff plan could increase inflation and result in each American consumer losing up to $2400 per year. Trump announced a more specific tariff plan today. Knightley previously mentioned that the increase in cost of goods, coupled with labor restrictions from the proposed immigration policy, could lead to a one percentage point rise in the US inflation rate. While tariffs can generate significant revenue, he added, the broader economic impacts and the consequent
Morgan Stanley Downgrades ING Groep to Equalweight, Reduces PT