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On September 1st, UBS analysts predicted that the European Central Banks interest rate-cutting cycle may be over, predicting the deposit rate will remain unchanged at 2% at its September policy meeting. While we expect the Eurozone economy to stagnate in the second half of 2025 due to US tariffs, and inflation to remain flat or below the 2% target for several quarters, the ECB is not expected to cut rates further. This assessment is primarily based on the EUs massive fiscal stimulus: on the one hand, the EU is increasing defense spending; on the other, Germany is increasing infrastructure investment. Analysts believe these measures will gradually take effect starting in early 2026, providing support to the economy.NIO (09866.HK): 166,472 vehicles delivered this year, a year-on-year increase of 30.0%NIO (09866.HK): The company delivered 31,305 vehicles in August 2025, a year-on-year increase of 55.2%.The eurozone unemployment rate was 6.2% in July, in line with expectations and the previous value of 6.20%.On September 1st, Li Xiang, CEO of Ideal Auto (02015.HK), stated on social media, "2025 is the first year that Ideal Auto officially enters the pure electric SUV market. My inner goal is: by the end of this year, we can "maintain the top five and strive for the top three" in the high-end pure electric market. The goal for the Ideal i8 is to stabilize at 6,000 units/month, and the goal for the Ideal i6 is to stabilize at 9,000-10,000 units/month. Including the Ideal MEGA, the overall Ideal pure electric model sales are stable at 18,000-20,000 units/month. There are many experts in the pure electric market, and it will definitely not be easy to achieve this goal, but I am full of confidence!"

Stock Market Mid-Session Recap for July 19, 2022

Cory Russell

Jul 20, 2022 15:01

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US indices rise, although they are still limited to recent highs.


On Tuesday, major US indexes rose, with the S&P 500 rising over 2.0% to reach new weekly highs above 3,900. The Nasdaq 100 was recently trading in the mid-12,100 range, up around 2.2 percent. Both indexes are now restrained below their most recent highs in the respective ranges of 3,920-3,950 and 12,170ish.


As predicted after scheduled maintenance is finished on Thursday, indications that Russia would resume gas deliveries to Europe through the Nord Stream 1 pipeline eased concerns of a full-blown energy crisis and the ensuing European recession that would be a drag on global economy.

Focusing on earnings, Apple tries to rebound, while Boeing gets a boost

On Tuesday, earnings were once again in the spotlight, with the effect of the recent increase in the US dollar's strength being a major subject. The dollar's increase in value cost IBM (-6.2%) $3.5 billion, according to results reported late on Monday. Johnson & Johnson (-0.3%) had to lower its annual profit prediction, but its share price was still largely supported by the fact that Q2 profits above expectations.


Investors were also keeping a careful eye on changes in the share price of Apple (+1.9%), after prices dropped over 2.0% on Monday on rumors that the firm planned to reduce hiring and expenditure growth in 2023 given an increasingly gloomy outlook. In other stock-specific news, shares of Boeing (+4.1%) increased after private equity group 777 Partners disclosed intentions to purchase an additional 66 Boeing 737 MAX aircraft.


As concerns about the energy crisis ease, the Stoxx 600 spikes to new multi-week highs.


Major European equities indexes broke higher on Thursday on reports that Russia will resume gas shipments via the Nord Stream 1 pipeline into Europe as predicted. The Stoxx 600 index for all of Europe surged through resistance at 420 to reach the 423s, its highest level since June 10. For the first time since mid-April, the index is now decisively back above its 50DMA after closing the day with a 1.4 percent gain.


The French government's plan to buy out EDF for 12 euros per share and assume full control of the firm was the biggest news in European equities markets on Tuesday, apart from a decrease in anxiety about the energy crisis. In order to help France overcome the continuing European energy crisis, the French government seeks more control over the energy industry. Shares of EDF increased by x% as a consequence.

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