New Zealand’s unemployment rate for the fourth quarter was 4%, lower than expected. The Nikkei 225 index is predicted to surge by over 50% in the next two years. Analysts believe that one stock in the electric vehicle industry has an 81.1% potential upside. The Cleveland Federal Reserve President advocates a patient approach to cutting interest rates. Oil prices rose as U.S. domestic crude production is expected to plateau this year. Bitcoin and related equities rose, coinciding with a decline in the 10-year Treasury yield. S&P 500 companies’ earnings and revenue are generally exceeding analyst expectations.
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0 posts last weekEuropean Markets Open Mixed Amid Uncertainty Over Rate Cut Outlook
European markets opened with slight gains despite uncertainty over interest rate cuts. The U.S. Federal Reserve Chair’s comments have raised doubts about the timing and frequency of rate cuts. Asian markets were mostly higher, with Japan’s Nikkei underperforming. Analysts predict a potential 50% surge in the Nikkei 225 index over the next two years. In the electric vehicle industry, one stock is expected to outperform, with analysts giving it an 81.1% potential upside. Earnings are expected from Siemens Energy and TotalEnergies, while Germany’s industrial production data for December is also due.
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