MoneyController

MoneyController

MoneyController - Find the financial advisor that's right for you is a finance and digital business european platform designed for financial advice and asset management. It’s a complete and robust online directory for the finance world that allows investors to search for and network with financial advisors. With the help of our powerful search engine, you can view their services and offers. Interact with financial advisors directly, even from your mobile devices. The platform also provides news coverage and tools for analysing and controlling the financial risk of your own portfolio.

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Gold is a hot commodity but today it is increasingly difficult to find it

Posted on 10.06.2024

Gold has recently reached its price record and demand has grown: but discovering and extracting new quantities is an increasingly difficult undertaking. Gold's bullish phase and the price record Since the beginning of this year, gold has undergone a bullish period that has led it to steadily exceed the $2,000 per ounce mark. These days - perhaps due to the Federal Reserve's delay in raising interest rates - the price of gold is just under $2,300 an ounce. But while the price of the precious metal has experienced great success (also driven by central bank buying and a growing demand for the yellow metal in China), the situation of gold mining is different. Gold mining growth slows down Lee Ying Shan (CNBC) reports on this from the World Gold Council, in particular from chief market strategist John Reade, who notes that gold mining growth in 2023 was only 0.5 per cent. The slowdown in production growth has been trending over the past three years: +2.7% in 2021, +1.3% and +0.5 ...

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European election results: what consequences for investments?

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Posted on 10.06.2024

European citizens have voted to elect their representatives to the European Parliament: what are the results and how will they affect investments and investors. What changes in Europe after the elections? The results of the European elections do not change the scenario in the Parliament too much: the European People's Party remains the most important one, so that Ursula von der Leyen can aspire to re-election again. But it is also true that the right-wing parties have grown, at least to some extent. In this regard, Karen Gilchrist (CNBC) mentions the analysis of Armida van Rij of the thinktank Chatham House: van Rij believes that, on the one hand, the influence of right-wing parties could already be perceived; on the other hand, this result could lead to ‘ pedalling back’ some policy measures, or focusing on others, including some investment and financial measures. Policies related to sustainability and energy As can be read in Gilchrist's article, the results o ...

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Markets, prepare for uncertainty and growth at the same time

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Posted on 07.06.2024

Two managers of an asset management company give an account of a market scenario marked by a growth outlook for the markets, albeit within some volatile conditions. An optimistic market view In their analysis - a summary of which has appeared on the ‘Financialounge’ platform - Vincent Mortier, Group Chief Investment Officer, and Matteo Germano, Deputy Group Chief Investment Officer at Amundi, outlined a market view that is broadly optimistic, but not free of uncertainties and possible market swings. The most relevant variables are the trajectories of the major economies (US, China and Europe), as well as inflation and interest rates set by central banks. The factors of uncertainty In the first half of this year, the US economy was more dynamic than expected, and both the conditions of the Chinese economy and the outlook for the European economy seem to be improving. Nevertheless, uncertainty factors remain: the possible slowdown of the US economy, the persistence of inf ...

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Surprise: bond sales despite rate cut

Posted on 07.06.2024

The European Central Bank (ECB) lowered interest rates by 0.25%. However, something happened in the bond market that one might not have expected. What will the ECB's next moves be? Yesterday's decision by the ECB to cut rates by 25 basis points was expected by the markets. In a way, some analysts have pointed out, it is possible to think that this decision had already been discounted in terms of prices as well. What the markets are wondering about today is, rather, what the next move in monetary policy will be: will the next interest rate cut be soon or will we have to wait many months? Record sales of European corporate bonds As Morya Longo pointed out yesterday in ‘Il Sole 24 Ore’, even before the rate cut was made official, Bank of New York Mellon recorded a volume of bond sales not seen for three to four years. These sales concerned, in particular, European corporate bonds. Longo mentions in this respect the analysis of Geoffrey Yu, Market Strategist for Eur ...

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ECB cuts rates by 25 basis points: the consequences for savers

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  • Financial markets/economy
Posted on 06.06.2024

Important news comes from the European Central Bank today. ECB cuts interest rates As stated in today's press release, 6 June 2024, "The Governing Council decided to lower the three key ECB interest rates by 25 basis points. Accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be decreased to 4.25%, 4.50% and 3.75% respectively, with effect from 12 June 2024". A significant reduction in the inflation rate The ECB therefore cut interest rates by 0.25 %, as most analysts had expected. This marks the beginning of the downward phase of monetary policy in the euro area as well, after nine months in which rates had not changed. In the press release, reference was made to the inflation performance, which had fallen by 2.5% since September. Nevertheless, the monetary policy target of 2% inflation still remains to be reached, a target that may be harder to achieve than one might ...

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NVIDIA overtakes Apple to become world's second largest company by market cap

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  • Financial markets/economy
Posted on 06.06.2024

The stock market rally of chip maker NVIDIA led the Jen-Hsun Huang-led company to another historic market milestone. NVIDIA surpasses $3 trillion market cap NVIDIA's growth, in the market and beyond, does not stop: now the large chipmaker, which has experienced staggering growth thanks to the artificial intelligence trend, has reached a new milestone: a market capitalisation of more than $3 trillion. Such a figure is not only a record for the company, but also an achievement that makes NVIDIA the second largest company by market capitalisation. NVIDIA takes second place, after Microsoft and ahead of Apple In the current ranking, NVIDIA is worth approximately $3.01 trillion. In first place is Microsoft, with a market cap of $3.15 trillion. In third place is Apple, which is worth around $3 trillion on the market today. To give an idea of the order of magnitude around which these companies move, one need only remember that the GDP of a large country like the United Kingdom is just ...

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Rate cut coming: last bargains in the government bond market?

Posted on 05.06.2024

Markets await the decision of the European Central Bank, which is expected to cut interest rates in tomorrow's session. Some commentators wonder whether there are opportunities in the bond market for investors ahead of this deadline. Inflation rises slightly in Europe, but rate cut remains likely The European Central Bank (ECB) is likely to cut interest rates by 25 basis points tomorrow (6 June). The latest inflation data showed an increase from 2.4 per cent in April to 2.6 per cent in May. Nevertheless, according to a Bloomberg survey of economists, this slight rise should not affect the ECB's next decision, which is expected to cut interest rates. More doubts, however, remain about the trajectory of monetary policies over the coming months. Rates, the credit market and duration Central bank interest rates are a very important reference point for the credit market: they influence the interest rate of credit products such as mortgages and bonds. So it is not surprising that ...

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India's elections unsettle markets: down the country's stock markets

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Posted on 05.06.2024

The outcome of the Indian elections was somewhat different from what was expected: what were the consequences for the economy and the financial markets? Indian elections, a somewhat different result than expected The results of the Indian elections went a little differently than most had expected. As expected, Indian President Narendra Modi and his allies won and Modi thus won his third term in office. However, his party (the Bharatiya Janata Party), although still the largest party by seats in the Indian Parliament, no longer holds an absolute majority in Parliament. Victory, therefore, was secured in this case by the result of the allies in the coalition. Economic policies will now need the support of the ruling coalition As Sri Jegarajah of ‘CNBC’ put it, this result means that Modi's planned economic policies may face obstacles, as the development and implementation of those policies will now require the support of the coalition allies. A bad day for Indian fin ...

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Commodities between growing demand and speculation

Posted on 31.05.2024

Large segments of the commodities market today seem to be characterised by factors that can support prices. In some cases, however, attention must be paid to possible speculation. Precious metals, record gold, but silver is also growing In 2023 the commodities market was not characterised by any particular price rises. Since the beginning of this year, however, some commodities have seen their prices rise considerably: just think of gold, which has broken its all-time record. In ‘Corriere della Sera’, Francesca Monti points out that silver has also risen and, although it has not yet broken its all-time record, there is some evidence to suggest that its price could rise. Supporting factors for the silver price In this regard, Monti quotes some comments from Claudio Wewel, FX Strategist at J. Safra Sarasin, and Nitesh Shah, head of commodities and macroeconomic research at WisdomTree, who agree that a shortage of supply on the one hand and increased demand on the other ma ...

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Inflation back on Europe's radar?

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Posted on 31.05.2024

The latest inflation data indicate a slight acceleration in price growth: does this new data call into question the trajectory of European monetary policies? Inflation in Germany accelerates slightly again The German Federal Statistical Office noted a slight increase in inflation in Germany: from 2.2% in April to 2.4% in May. As Christian Siedenbiedel writes in the Frankfurter Allgemeine Zeitung (FAZ), this figure has raised the attention of many observers. The reason is that the European Central Bank (ECB) has been clear in stating that its monetary policy is based on the analysis of inflation data. However, it remains difficult to believe that this data could change the ECB's interest rate trajectory. In this regard, the FAZ Siedenbiedel reports some remarks by Holger Schmieding, chief economist at Berenberg Bank, who points out that this is a statistical base effect. He also adds that this data should not prevent the ECB's first rate cut in June. Will the new data c ...

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Can uncertainty in the markets be tackled with balanced investments?

Posted on 30.05.2024

Some managers believe that, despite the difficulties of the past year and a half, balanced strategies can still be effective in dealing with uncertain markets. This is the view of Capital Group, for example, whose balanced strategy was also the subject of an article in ‘Lamiafinanza.it’. The elements of uncertainty in the markets After the stock and bond markets recorded positive results during 2023, the beginning of 2024 was also characterised by optimism on the part of market participants. However, a number of elements remain that make market performance in the coming months uncertain: these range from the tragic ongoing wars in Ukraine and Palestine to the trade conflict between the US and China, from the trajectory of inflation to the monetary policies of central banks. A flexible equity allocation Capital Group's balanced strategy seems to have as its primary objective to counter uncertainty. This explains the dynamics of the equity allocation: the asset manage ...

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Bond rates sink US stock markets

Posted on 30.05.2024

US government bond yields are rising, and with them interest on the credit market; meanwhile, stock market growth seems to be slowing down. Stock markets in the red and T-Bond yields on the rise In the last week (22-29 May), of the three major US indices, two, the S&P 500 and the Jones Industrial Average, were down, -1% and -3.6% respectively (major European and Asian stock market indices were also under pressure). Meanwhile, the yields on ten-year US government bonds rose from 4.54% to 4.62%. On this subject, in the Wall Street Journal, Caitlin Ostroff reports on some remarks by Chris Zaccarelli, CIO of Independent Advisor Alliance, who points out that stock market players seem to be paying particular attention these days to what is happening in the bond market. Uncertainties about the Federal Reserve's monetary policy Behind the rise in bond yields and the slowdown in financial markets are predictions about what the Federal Reserve will do. Ostroff writes that the Preside ...

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