📈 Stocks / Finance

UniCredit vs. Commerzbank: A Closer Look in Five Charts

Reuters

UniCredit, Italy's leading bank, is more profitable and efficient than Germany's Commerzbank, boasting a market value over three times greater. However, Commerzbank holds a stronger credit rating, benefiting from Germany's more stable economic environment. Commerzbank shares have surged nearly 30% since UniCredit began building a stake, but its long-term performance remains hampered by its bailout during the 2008 financial crisis.

US Dollar Strengthens as Key Economic Data Looms

FX Street

The US dollar rebounded after two days of losses, driven by investor caution. Major upcoming reports, like the JOLTs Job Openings and ISM Manufacturing PMI, will shape economic discussions. Meanwhile, global currencies and commodities faced mixed reactions, with gold dropping to $2,630 per ounce and oil hovering near $68.50.

S&P 500 Hits Record High After Winning Quarter

CNBC

The S&P 500 hit a record close Monday, rising 0.42% to 5,762.48, while the Dow gained 17.15 points. This capped off a strong month, with the S&P 500 up 2%, and the Nasdaq up 2.7%, despite earlier market struggles. Investors are optimistic, but October’s history of volatility could still bring challenges.

🪙 Crypto

Bitcoin’s Future, Binance CEO’s Return, and XRP’s Big Move

U Today

Former Binance CEO Changpeng Zhao shared his relief after prison release, expressing gratitude to the crypto community and discussing future plans, including his educational project, Giggle Academy. Michael Saylor made a bold prediction that 99% of Bitcoin will be mined by 2035, suggesting a potential price surge due to increased scarcity. XRP also showed bullish momentum, breaking a key resistance level and signaling a possible rally.

🌎 Global Economy

China Stocks Soar, Boosting U.S. ETFs

CNBC

China's stock market had its best day in 16 years, with the Shanghai Composite Index jumping 8.06%. September ended with a 17.39% gain for the index, driven by government stimulus measures like interest rate cuts. U.S. investors, including billionaire David Tepper, are increasingly bullish on Chinese stocks, expecting continued growth.

🗞️ Other Newsletters You Might Like

Essential stock market insights every day before the bell rings.