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European Banks Set to Report Sharp Profit Rise Despite Rate Headwinds

European banks expect a surge in profits for Q4 2023, driven by robust lending margins and investment banking revenues. However, analysts question the sustainability of this growth as interest rates fall.

Wacker Chemie Annual Core Profit Plunges 7% Amid Lower Prices, Sales, and High Energy Costs

German chemical company Wacker Chemie reports a 7% decrease in annual core profit to €770 million due to decreased demand, lower sales, and high energy costs. Despite sales falling 11% to €5.72 billion, the company exceeded analyst expectations.

Surging Risks Unnerve Asian FX Traders Amidst Tariff, Tech and Holiday Ambiguity

Asian hedge funds and currency traders face uncertainty amid tariff risks, tech concerns, and looming holidays, leading to mixed performance of the dollar against major currencies.

Copper Falls as Trump Tariffs Raise Trade War Fears

Copper edged lower after US President Donald Trump said he planned to impose import tariffs on the metal, as well as aluminum and steel amid trade war fears.

US Stocks Plummet as Chinese AI App DeepSeek Sparks Market Panic

Chinese AI app DeepSeek sparks tech sell-off, wiping out $1 trillion in market cap on Wall Street, with Nvidia losing the most.

Nvidia Rout Shows AI Panic May Be Overblown

Investors fear a cheaper, open-source language model could challenge Nvidia's dominance in AI. However, analysts say panic-selling may be overdone, as more efficient models could expand AI use.

Big Tech Earnings: AI Competition Concerns Spur Market Sell-Off

Concerns over AI competition sparked a sell-off in Big Tech, highlighting the market's dependence on their earnings growth. Nvidia, Microsoft, and Alphabet dropped, while Broadcom fell over 17%.

India's Bond Rally May Extend as Government Borrowing Drops

India's net borrowings may decline again, boosting bonds as the government maintains fiscal consolidation.

Indian Smallcaps Plunge 20% as Volatility Soars Amid Foreign Fund Outflows

Indian stocks continue to decline, with smallcap firms leading the plunge. Foreign investors have withdrawn billions, leading to concerns over valuations and growth prospects. The NSE Nifty Smallcap 250 Index has lost 20% from its September peak, indicating a bear market.

Germany Faces Scrutiny Over AAA Rating as Growth Weakens, Structural Flaws Remain

Germany's AAA credit rating is at risk due to structural weaknesses, including high energy prices, inadequate infrastructure investment, and labor market reforms, warns Scope Ratings.