U.S. stock indexes rose sharply on Wednesday as high hopes for bank earnings paid off and a key consumer inflation update also showed key prices rose less than expected in December.
The S&P 500 rose 1.8 percent, the Nasdaq Composite rose as much as 2.5 percent, and the Dow Jones Industrial Average advanced 1.7 percent.
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My long-held watchlist, or shadow portfolio, gallops along with the real portfolio: the big winners are still US stocks. Although there are pearls on other exchanges.
JPMorgan made a profit of $58 billion last year, a record for the bank and the largest ever in US banking. Fourth quarter profit increased by 50% year-on-year.
American bank Wells Fargo predicts that shares of electric car maker Tesla could lose up to 70 percent of their value within a year because plans for autonomous taxis will not save a company with weak fundamentals.
The statements and plans of Donald Trump, who is returning to the US presidency, have strengthened the dollar, but this is bad news for Europe, said SEB capital markets broker Erik Laur.
The development of the company’s selling price is a complex process, where the seller often makes a once-in-a-lifetime transaction, and the emotional factor can be quite large. Unfortunately, this component cannot be used for pricing, Allar Karu and Sass Karemäe, lead consultants of PwC Estonia’s transaction consulting, stated.
Source: www.aripaev.ee
