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Markets Summary – An Investor’s Digest for 07.11.2023

US Interest Rates and Developing Countries:
Rising US interest rates are contributing to what the World Bank has called a “silent debt crisis” in developing countries. Some high-debt, low-income nations face difficulties in rolling over their bonds, potentially leading to financial instability. This situation underscores the global impact of US monetary policy on emerging economies.

Chinese Economy and Falling Pork Prices:
Falling pork prices in China are posing a risk of deflation. Despite weak demand, pig farmers have maintained production levels. This economic development highlights the challenges of managing inflation and deflation in the world’s second-largest economy.Read More »Markets Summary – An Investor’s Digest for 07.11.2023

Kraft Bid Turns Hostile Today

Today the Kraft CEO Irene Rosenfeld refused to raise the $ 16.4 billion bar for their offer of Cadbury, as the latest releases showed. Instead, they preffered to go with the offer directly to the shareholders.
Why is this called a “hostile bid”? Well, it is easy – the hostile bid, by definition, goes around the existing board of directors (i.e. without their official approval) and tempts the shareholders directly.Read More »Kraft Bid Turns Hostile Today

Euro Poised to Increase, European Stocks Better than Forecasted

I was reading today some analysis about the euro currency prospects in the incoming day somewhere on Bloomberg. And boy, the things do not look good at all.
The prospects for the Euro are grim. The analsysts said on several web stories that the European currency is supposed to go down, from their current levels of 1,26 USD/EUR to 1,25, which is a psychological level (since it has not been achieved for more than 3 months, and even then – accidentally. The reason would be the bad results of the European banks, especially those of ING.Read More »Euro Poised to Increase, European Stocks Better than Forecasted