News

Note for the diary - France's sovereign rating will be reviewed on Friday

Posted on: Sep 09 2025

The news from Monday out of France:

  • French PM Bayrou loses confidence vote in national assembly
  • The euro briefly wobbled on that but ultimately rose.

The political turmoil in France is not yet over. Presdeint MAcron is searching for an acceptable new PM. If he can't find one accepatable to the factions sharing power then an election will be needed.

Nearer-term, Fitch will review France’s sovereign rating Friday.

The euro continues to shrug it all off, EUR/USD is around 1.1770.

This article was written by Eamonn Sheridan at investinglive.com.
Silver consolidates near 14-year high as weak NFP data boosts Fed cut bets

Posted on: Sep 06 2025

Silver (XAG/USD) is holding firm around $41.00 on Friday after retesting multi-year highs in the wake of soft US Nonfarm Payrolls (NFP) data. The metal peaked at $41.47 on Wednesday, its strongest level since September 2011, before easing slightly on Thursday.
JP 225 forecast: the uptrend has shifted to a short-term downtrend

Posted on: Sep 05 2025

The JP 225 index continues its correction within a downtrend. The JP 225 forecast for today is negative.

JP 225 forecast: key trading points

  • Recent data: Japan Tokyo CPI for August rose by 2.5% year-on-year
  • Market impact: this result is positive for the Japanese stock market

JP 225 fundamental analysis

Tokyo’s Consumer Price Index (CPI) rose by 2.5% year-on-year in August 2025, in line with forecasts but lower than the previous reading of 2.9%. For the Japanese equity market, this result matters. Easing inflation signals reduced pressure on consumers and businesses, which may act as a positive factor for domestic demand. However, inflation remains above the Bank of Japan’s target (around 2.0%), supporting arguments for a cautious review of monetary policy.

For the JP 225, the sectoral impact is mixed. The consumer sector (retail, restaurants, and everyday goods) benefits from lower inflationary pressure, which supports purchasing power. Export-oriented companies may also gain if expectations of a softer Bank of Japan stance put downward pressure on the yen, improving competitiveness abroad. Conversely, the financial sector may face limits, as slower inflation reduces the likelihood of aggressive interest rate hikes, restraining bank margins.

Japan Tokyo Core CPI YoY: https://tradingeconomics.com/japan/tokyo-core-cpi

JP 225 technical analysis

The JP 225 index declined below the 43,385.0 level before entering a downtrend. The support level is located at 42,005.0, with resistance at 43,045.0. Currently, there is a likelihood of further short-term downward movement.

The following scenarios are considered for the JP 225 price forecast:

  • Pessimistic JP 225 scenario: a breakout below the 42,005.0 support level could send the index down to 40,625.0
  • Optimistic JP 225 scenario: a breakout above the 43,045.0 resistance level could drive the index to 43,910.0
JP 225 technical analysis for 4 September 2025

Summary

Overall, the slowdown in Tokyo’s inflation may be seen by investors as a stabilising factor, increasing the attractiveness of Japanese equities. For the JP 225, this creates a base for moderate growth, especially in consumer demand–driven and export-oriented sectors. The next downside target for the JP 225 index is 40,625.0.

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US 30 forecast: the uptrend has resumed, but remains weak

Posted on: Sep 04 2025

The US 30 index has reached a new all-time high, but the trend remains unstable. The US 30 forecast for today is positive.

US 30 forecast: key trading points

  • Recent data: US ISM manufacturing PMI came in at 55.5 in August
  • Market impact: such a result signals restrained sentiment among investors

US 30 fundamental analysis

The ISM manufacturing PMI for September 2025 stood at 48.7 points, below the key 50.0 mark that separates growth from contraction. It was slightly higher than the previous 48.0 but lower than the forecast of 49.0, indicating that the US manufacturing sector continues to face difficulties, remaining in contraction territory.

For the US 30 index, which has a significant share of industrial companies, the PMI reading may exert negative pressure. Stocks of equipment producers, machinery makers, and commodity companies may come under pressure, as the data points to weaker demand in the real economy. At the same time, companies in healthcare, technology, and services could maintain relative resilience, since their business models depend less on manufacturing dynamics.

US ISM Manufacturing PMI: https://tradingeconomics.com/united-states/business-confidence

US 30 technical analysis

The US 30 index has returned to an upward phase. The resistance level has formed at 45,790.0, with the support level at 44,590.0. Volatility remains elevated, indicating the unstable nature of the current trend. Growth remains limited in the short term, with the weak nature of the trend increasing the likelihood of its reversal into a downtrend.

The US 30 price forecast considers the following scenarios:

  • Pessimistic US 30 scenario: a breakout below the 44,590.0 support level could send the index down to 43,325.0
  • Optimistic US 30 scenario: a breakout above the 45,790.0 resistance level could drive the index up to 46,595.0
US 30 technical analysis for 3 September 2025

Summary

For the US equity market, such data signals investor caution. Declining manufacturing activity could intensify concerns about the health of the economy, particularly in the industrial and export segments. At the same time, weaker readings increase the likelihood of more accommodative action from the Federal Reserve, which may support financial markets overall. The next upside target for the US 30 could be 46,595.0.

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Forex Today: Gold, Silver Breakout to New All-Time Highs - 02 September 2025

Posted on: Sep 03 2025

Gold Breaks to Major New High Above $3,500; Silver Makes Unusually Strong Gains, Reaches All-Time High Price Above $40.70; Platinum Nears Breakout to 1-Year High; Stock Markets Mostly Lower
Market Hours for Labor Day 2025

Posted on: Sep 02 2025

Dear traders, Due to the Labor Day in the USA on Sep 1, 2025 the trading schedule for Metals will be adjusted. Trading with the aforementioned instruments will be restricted from 20:00 (Server Time) on 09.01.2025 until 01:15 (Server Time) on 09.02.2025. If you have any questions, our support team is always available to assist […]

The post Market Hours for Labor Day 2025 appeared first on UnitedPips Ltd.
Newsquawk Week Ahead: Highlights1st – 5th September 2025

Posted on: Aug 30 2025

Highlights include US NFP, ISM PMIs, EZ Flash CPI, UK Retail Sales, and Canada Jobs   Newsquawk Week Ahead: Highlights1st – 5th September 2025 MON:...

The post Newsquawk Week Ahead: Highlights1st – 5th September 2025 appeared first on Forex Trading Forum.
The "One Big Beautiful Bill" and its Implications for ESG Investors

Posted on: Aug 29 2025

Signed into law on 4 July 2025, the "One Big Beautiful Bill" - officially known as the reconciliation bill - introduces substantial budget cuts to key federal agencies and social programs, reshapes tax policy, and redefines regulatory priorities across sectors. This landmark legislation will have far-reaching implications for ESG investors around the globe. This article breaks down the key elements of the bill, highlights the industries and sectors most affected, and outlines strategic considerations for ESG-conscious investors.

What is the reconciliation bill

The reconciliation bill is reshaping the U.S. policy landscape. Its key provisions include broad deregulation, a rollback of clean energy tax credits, deep budget cuts to federal agencies and social programs, and expanded incentives for domestic R&D and manufacturing. It also extends substantial tax cuts to both individuals and corporations. While the reconciliation bill aims to boost economic efficiency and long-term growth, it is also expected to substantially increase the federal deficit.According to the Congressional Budget Office, the bill is expected to reduce federal tax revenues by approximately USD 4.3 trillion over the next decade, increasing the U.S. deficit from its current level of USD 1.8 trillion to an estimated USD 4.7 trillion. 

Environmental Impact: A setback for Clean Energy 

The bill's rollback of clean energy tax incentives means that wind and solar projects, clean fuel, and electric vehicle technologies will lose critical support. According to Princeton University’s Zero Lab, this could place over $500 billion in clean energy and transportation investments at risk. And Columbia University Center on Global Energy policy estimates that, new clean power capacity may be reduced by 50–60% over the next decade.

Deregulation favors sectors with historically negative environmental footprints such as oil & gas, mining, and utilities which stand to benefit from accelerated permitting and reduced compliance costs.

This shift may reduce the incentives for companies to improve their environmental performance and undermine sustainable investing and climate transition efforts.  

Social Impact: Cuts to Public Welfare

The reconciliation bill introduces substantial budget cuts to key social programs both in the US and abroad. Among the most affected are Medicaid and the Children’s Health Insurance, whose funding reductions could severely limit access to healthcare for millions of low-income families and children. Private health insurers and private hospital chains are likely to benefit from increased demand as public coverage declines. Pharmaceutical companies may also benefit from reduced government pressure to lower drug prices.

From a social perspective, the bill threatens to exacerbate inequality, drive up poverty and food insecurity, widen health disparities, and further erode the social safety net. The impact is expected to fall hardest on low-income families, children, seniors, and individuals with disabilities.

Governance Impact:Weakened Oversight

Sweeping budget cuts to federal agencies such as the Consumer Financial Protection Bureau (CFPB) and the Securities and Exchange Commission (SEC) will have significant implications for the financial services industry and consumer protection.

Both agencies will have fewer resources to supervise institutions, conduct investigations and enforce regulations. As a result, financial services firms including bank, brokers, and asset managers, may enjoy greater autonomy and lower compliance costs.

From a governance standpoint, however, these changes could lead to reduce transparency, incentivize companies to act less ethically, and encourage excessive risk-taking. These shifts risk undermining transparency and eroding investor trust in financial markets.

Strategic Considerations for ESG Investors

The bill creates clear winners and losers. Non-ESG investors may reallocate capital toward favored sectors, indirectly impacting ESG-aligned companies through valuation pressures and capital flows.

To navigate this shift, ESG investors should:

  • Reassess portfolio exposure to ensure alignment with long-term sustainability goals.
  • Consider tilting allocations toward resilient ESG sectors such as sustainable infrastructure and ESG-integrated technology.
  • Continue supporting clean energy firms, recognizing the long-term nature of the transition.
  • Scrutinize ESG disclosures and sustainability strategies of portfolio companies.
  • Monitor media and news coverage for emerging ESG issues and controversies
  • Engage actively with companies and asset managers to advocate for responsible practices.

Conclusion 

The “One Big Beautiful Bill” signals a pivot in U.S. policy that challenges ESG progress. While it will certainly create (short-term) headwinds, it also underscores the importance of resilient, values-driven investing. ESG investors must stay attuned to what goes around them, adapt to evolving market conditions, and remain steadfast in their commitment to driving positive, long-term impact.

 

How to invest responsibly

You can explore Saxo’s ESG themes to discover curated lists of global companies and funds that integrate ESG principles into their core operations. Note that the ESG landscape is evolving, and over time, the selected companies and funds may adjust aspects of their ESG strategies and practices, which could affect their sustainability status. The lists are reviewed and updated periodically to reflect such changes, although not always immediately. 

Before making any investments, it is important to consider your investment objectives, risk tolerance, and time horizon, and review the available information about the product on the platform including the ESG risk rating.
This content is marketing material and should not be regarded as investment advice. Financial instruments carry risks and past performance is not a guarantee of future results. The instruments mentioned in this content, if any, may be issued by a partner, from whom Saxo receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and investment options. 
Ida Kassa Johannesen
Head of ESG investments, Saxo Bank.
Saxo Bank
Topics: ESG Thought Starters Highlighted articles Funds ETFs Equities
eToro partners with Nasdaq to provide broad access to Nordic-listed stocks

Posted on: Aug 28 2025

First non-Nordic platform to offer complimentary real-time access to Nasdaq Nordic market data globally 27 August 2025 – Nasdaq® (Nasdaq: NDAQ) and eToro (Nasdaq: ETOR), today announced an expanded partnership to bring real-time trading data for over 210 additional stocks listed on Nasdaq’s Nordic exchanges in Stockholm, Helsinki and Copenhagen to eToro’s global platform. This…

The post eToro partners with Nasdaq to provide broad access to Nordic-listed stocks appeared first on eToro.
CrowdStrike earnings: can it hold the lead?

Posted on: Aug 27 2025

Key takeaways

  • Platform stickiness, not one-offs, drives the story
  • Focus on annual recurring revenue growth, platform adoption, and margins
  • Size positions sensibly; don’t trade the print

Heading into results

CrowdStrike reports on Wednesday, 27 August, after the U.S. close. The Street looks for just over USD 1.1 billion in revenue and USD 0.83 in earnings per share. The focus is simple: ARR growth, more modules per customer, and strong cash conversion. Clear, credible guidance beats big promises. The good news is that security budgets are stable and buyers are consolidating vendors. Falcon fits that shift—one lightweight agent for endpoint, identity, cloud, and data. Into the print, watch demand durability, breadth of adoption, and margin discipline rather than the tick-by-tick move. If the company adds customers and lands more modules per customer while holding margins, the long game stays intact.

The possible scenarios:

  • Base:steady net new ARR. Margins hold. Guide intact. Stock reaction: contained, constructive.
  • Bull:strong customer adds and multi-product wins. Cash shines. Stock reaction: re-rate higher.
  • Bear:ARR light or churn ticks up. Costs bite. Stock reaction: pressure on security names.

Sector ripple effect

Cyber risk is always on. Firms can delay upgrades, but they rarely cut core protection. CrowdStrike is a bellwether for the entire sector. Its Falcon platform sits on endpoints, cloud workloads, and identities—the attack surfaces that matter. When spending is strong here, confidence usually lifts across software security. That makes its guidance a read-through for enterprise security spend and the “platform vs. point product” debate. Many ETFs carry CrowdStrike as a top weight, so prints here ripple across portfolios even if you never bought the single name. 

Signals to track

ARR and net new ARR. Clean growth beats one-offs. Look for steady net adds and low churn. Last quarter ARR rose 22% to USD 4.44 billion.

Platform adoption. Management pushes multi-module wins across endpoint, identity, cloud, and data. Higher modules per customer lift lifetime value and margin mix.

Margins and cash. Subscription gross margin hovered high-70s in recent periods; free-cash-flow conversion is the tell on pricing power and cost control.

Guidance and discipline. Watch full year guidance bridges, hiring pace, and stock-based compensation (SBC). Sensible capex and buybacks signal confidence without stretch.

Reputation risk. The July 2024 outage was a rare, painful miss. Investors will listen for customer retention, make-good costs, and process fixes.

 

Long-view checklist

  Use three checks—moat, per-share value, discipline—and read the signals. Moat shows up in detection efficacy, speed, partner ecosystem, and how easily customers expand across modules; a platform that consolidates tools widens the gap. Per-share value comes from recurring ARR and strong margins through cycles, not a single quarter’s pop; watch multi-year contracts, remaining obligations, and cash generation. Discipline lives in operating costs, stock-based compensation, and capital returns—confidence without over-building. Cross-check demand: are large customers consolidating faster or stretching refresh cycles? Size positions so one headline does not dictate your plan. 

Investor playbook

  • Anchor to reality. Use peer comps and fresh prints to sanity-check multiples and growth.

  • Set your rails. Define max position size, set a fair-value range, and a time window for the thesis.

  • Don’t chase noise. Long-term investors don’t need to trade tonight’s move to win the decade.

  • Know your exposure. Check ETF exposure to CrowdStrike and close peers.

After the bell: what’s next

This print tests whether CrowdStrike’s platform keeps compounding—more modules, more ARR, strong margins—while reputational scars fade and customer budgets hold. Drivers: net new ARR, multi-product adoption, and cash generation. Risks: execution lapses, pricing pressure, and any demand pause from large customers. Over coming weeks, watch ARR cadence, subscription margin commentary, and full-year guidance bridges. Own quality at sensible sizes, let time do the lifting—and remember that a loud quarter is not the whole story.

This material is marketing content and should not be regarded as investment advice. Trading financial instruments carries risks and historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options..
Ruben Dalfovo
Investment Strategist
Saxo Bank
Topics: Equities Highlighted articles NVidia Corp. Advanced Micro Devices NVIDIA Corporation Artificial Intelligence Theme - Artificial intelligence Corporate Earnings Earnings beat Earnings miss