Mind Money

European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year high📈

The Nasdaq officially posts its worst day since December 2022, falling nearly 3%.

The S&P 500 erased ~$650 billion of market cap today.

🇨🇦Monthly Corporate Bankruptcies in Canada are approaching levels not seen since the Global Financial Crisis

Indian Equity Volume has reached record highs📌

🔊Microsoft, Apple, Nvidia, Google, Amazon, and Facebook now account for 30% of the S&P 500.

🚩GameStop files to sell up to 45 million shares.

In a new regulatory filing, the video game retailer said it will sell up to 45 million class A common shares in an at-the-market offering.

🚩World central banks' net gold purchases set a new record in Q1 2024.

Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023.

Apple shares jumped in premarket trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.

Though revenue fell 4.3% to $90.8 billion in the March quarter, that was better than the $90.3 billion predicted by analysts. Profit also topped Wall Street projections in the period, and Apple announced the biggest stock buyback in US history.

📈China’s young people are rushing to buy gold

China’s gold market, which accounts for about a fifth of global sales, used to attract an older crowd. Many buyers were middle-aged women looking to add to their nest-eggs or buy chunky bracelets. But these days Chinese gold shops regularly serve customers in their 20s.

Mind-Money formerly Zerich Securities, is a modern European broker. We provide services to clients from 25 countries. The company was established on 23 July 2009, under the legislation of the Republic of Cyprus, registration number HE 252803.