European Car Stocks Entice Bargain Hunters With 50% Discount
  • December 17, 2024

European Car Stocks Entice Bargain Hunters With 50% Discount

(Bloomberg) -- After a dismal year, shares of Europe’s automakers are finally finding some positive momentum as signs of additional Chinese stimulus draw investors to the sector’s lowly valuations.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe Stoxx 600 Autos and Parts Index is up more than 4% in December, set for its best month since February, though is still down the most of any sector in the broader benchmark year-to-date. Even after the recent gain

Trump Trade Comes to Europe, Giving Jolt to Cheap Hungary Market
  • December 17, 2024

Trump Trade Comes to Europe, Giving Jolt to Cheap Hungary Market

(Bloomberg) -- There is arguably no leader in all of Europe who’s more chummy, or ideologically aligned, with Donald Trump than Hungary’s Viktor Orban.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousWhich goes a long way to explaining why at a time when the mood is markedly glum across European financial markets, there is a sense of optimism in Budapest. Here, investors aren’t fretting so much about the prospect of new Trump tariffs or NATO-funding feuds —

Gold Falls Alongside Stocks, Commodities Ahead of Fed Decision
  • December 17, 2024

Gold Falls Alongside Stocks, Commodities Ahead of Fed Decision

(Bloomberg) -- Gold slipped along with most commodities and equity markets, as traders face a rush of interest-rate decisions by major central banks, including the US Federal Reserve.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearBullion traded near $2,640 an ounce, after notching a modest gain in the previous session as investors parsed mixed US data. Activity at US service providers expanded at the fastest pace since Octobe