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Banco BPM Acquires 5% Stake in Monte Paschi, Reshaping Italian Banking Landscape
Milan, Thursday, 14 November 2024.
Banco BPM’s strategic 5% acquisition in Monte dei Paschi di Siena marks a significant shift in Italy’s banking sector. This €1.1 billion deal, part of the government’s privatization efforts, could catalyze further consolidation and create a new powerhouse in Italian finance.
ASML Bets on AI Boom to Drive 2030 Sales Targets
Veldhoven, Thursday, 14 November 2024.
ASML Holding NV reaffirms its 2030 sales forecast of €44-60 billion, banking on AI-driven semiconductor demand. The Dutch chip equipment maker expects 8-14% annual growth, highlighting AI’s pivotal role in shaping future technology markets.
US Inflation Data Fuels Speculation on Fed's Next Move
Washington D.C., Wednesday, 13 November 2024.
October’s Consumer Price Index matched forecasts, with core inflation steady at 3.3%. This data, coupled with falling energy prices and slowing ‘supercore’ services, has increased market expectations of a Fed rate cut in December. Treasury yields dropped in response, reflecting investor relief.