NEWS
January 2024 Euro Area Inflation
In January 2024, the Euro Area saw a slight dip in its inflation rate, settling at 2.8%, a marginal decrease from December’s 2.9%. This figure still surpasses the European Central Bank’s target of 2.0%. The core inflation rate, which excludes the unpredictable food and energy prices, has been on a downward trend for six consecutive months, dropping to 3.3% – a low not seen since March 2022.
US Core Consumer Prices Rise by 0.4% in January 2024
In January 2024, the US saw a significant shift in its economic landscape. Core consumer prices (CCP), excluding volatile items such as food and energy, rose by 0.4% from the previous month, marking the sharpest increase since April 2023 and surpassing market expectations of a 0.3% rise. This acceleration, up from the 0.3% increase in the earlier period, challenged the gradual trend of disinflation in the US economy and bolstered the stance of hawks in the FOMC.
Company News – Press Release
UCapital Asset Management LLP, a company of the UCapital group, a global fintech ecosystem active in the finance, technology and media sectors, founded in London in 2017, offices, in addition to the British capital, in Milan, New York and Paris, has signed a managed account agreement with FNY Partners Fund LP, a proprietary pooled investment vehicle based in New York. Through this arrangement, a selection of traders and portfolio managers selected using an innovative program called “UCapital prop” will trade First New York’s capital.
FED’s Fund’s interest rates unchanged – Jan 31st, 2024
In January 2024, the Federal Reserve decided to maintain the Fed funds rate at a 23-year peak of 5.25%-5.5% for the fourth time in a row, which was consistent with market predictions. This is a mild signal that is done raising rates, but a cutting phase is not ready. Recent data points to a steady growth in economic activities. Although job growth has slowed down since the beginning of the previous year, it continues to be robust, and the unemployment rate has stayed low.
ECB Interest rates and US GDP – Jan 25th, 2024
During its inaugural gathering of 2024, the European Central Bank (ECB) decided to maintain its record-high interest rates, as it was expected. The bank committed to keeping these rates at levels that are adequately stringent until inflation returns to its 2% objective promptly. During the press conference that follows the press release, President Lagarde said “We are determined to ensure that inflation returns to our 2% target in the near future. We will continue to follow a data-dependent approach”.
Consumer Price Index (CPI) in the Euro Area for December
In December 2023, the annual inflation rate in the Euro Area rose to 2.9%, a jump from the 2.4% recorded in November 2023. When examining the primary components of inflation in the Euro Area, food, alcohol & tobacco experienced the highest annual rate in December at 6.1%, a slight decrease from 6.9% in November. This was followed by services at a steady 4.0%, non-energy industrial goods at 2.5% (down from 2.9% in November), and energy at -6.7%, an improvement from -11.5% in November.
Company News – Press Release
UCapital Asset Management LLP, a company of the UCapital group, a global fintech ecosystem active in the finance, technology and media sectors, founded in London in 2017, offices, in addition to the British capital, in Milan, New York and Paris, has signed a managed account agreement with FNY Partners Fund LP, a proprietary pooled investment vehicle based in New York. Through this arrangement, a selection of traders and portfolio managers selected using an innovative program called “UCapital prop” will trade First New York’s capital.
AlephFinance and SupraFin Announce Strategic Partnership
London, UK – Aleph Finance and SupraFin are please to announce they have entered into a strategic partnership for cryptoasset financial promotion approval in the UK. The strategic partnership combines Aleph Finance’s experience in the UK and European financial industry and regulatory landscape and SupraFin’s crypto risk and investment intelligence expertise.
Aleph Finance Chairman Waheed Qaiser interviewed by Arab News
The Chairman of Pairstech/Aleph Finance/Chapterhouse Capital London UK (Great Britain) Waheed Qaiser shared his comments on the visit of President Shavkat Mirziyoyev to Saudi Arabia with Dunyo news agency.
Press release – 04/07/2023
Following recent acquisition by UCapital ltd of 5,264,739 share of Aleph Finance Group Plc (details here), Pairstech Capital Management LLP would like to confirm that
Listing of SPAC Distoken Acquisition Corp on Nasdaq
On February 15, 2023 the SPAC Distoken Acquisition Corp (Bloomberg Ticker DISTU US) got listed on Nasdaq, marking the reopening of the SPAC market after
Press Release – Aleph Finance attends CoFiP V National Congress
AlephFinance has taken part as sponsor in the Fifth National Congress organized by CoFIP (Associazione Consulenti Finanziari Professionisti).
January 2024 Euro Area Inflation
In January 2024, the Euro Area saw a slight dip in its inflation rate, settling at 2.8%, a marginal decrease from December’s 2.9%. This figure still surpasses the European Central Bank’s target of 2.0%. The core inflation rate, which excludes the unpredictable food and energy prices, has been on a downward trend for six consecutive months, dropping to 3.3% – a low not seen since March 2022.
US Core Consumer Prices Rise by 0.4% in January 2024
In January 2024, the US saw a significant shift in its economic landscape. Core consumer prices (CCP), excluding volatile items such as food and energy, rose by 0.4% from the previous month, marking the sharpest increase since April 2023 and surpassing market expectations of a 0.3% rise. This acceleration, up from the 0.3% increase in the earlier period, challenged the gradual trend of disinflation in the US economy and bolstered the stance of hawks in the FOMC.
FED’s Fund’s interest rates unchanged – Jan 31st, 2024
In January 2024, the Federal Reserve decided to maintain the Fed funds rate at a 23-year peak of 5.25%-5.5% for the fourth time in a row, which was consistent with market predictions. This is a mild signal that is done raising rates, but a cutting phase is not ready. Recent data points to a steady growth in economic activities. Although job growth has slowed down since the beginning of the previous year, it continues to be robust, and the unemployment rate has stayed low.
ECB Interest rates and US GDP – Jan 25th, 2024
During its inaugural gathering of 2024, the European Central Bank (ECB) decided to maintain its record-high interest rates, as it was expected. The bank committed to keeping these rates at levels that are adequately stringent until inflation returns to its 2% objective promptly. During the press conference that follows the press release, President Lagarde said “We are determined to ensure that inflation returns to our 2% target in the near future. We will continue to follow a data-dependent approach”.
Consumer Price Index (CPI) in the Euro Area for December
In December 2023, the annual inflation rate in the Euro Area rose to 2.9%, a jump from the 2.4% recorded in November 2023. When examining the primary components of inflation in the Euro Area, food, alcohol & tobacco experienced the highest annual rate in December at 6.1%, a slight decrease from 6.9% in November. This was followed by services at a steady 4.0%, non-energy industrial goods at 2.5% (down from 2.9% in November), and energy at -6.7%, an improvement from -11.5% in November.
US Core Consumer Prices and Inflation Rates in December 2023
The US core consumer prices, excluding volatile elements like food and energy, exhibited a 0.3% month-on-month increase in December 2023, aligning with both the November figures and market expectations. This stable trajectory reflects the resilience of the economy. Over the years, the Core Inflation Rate MoM in the United States has averaged 0.30 percent, with the highest recorded at 1.42 percent in March 1980 and the lowest at -0.49 percent in April 2020.
What are the pros and cons of a SPAC?
There is no denying that SPACs are trending and will continue to thrive. But as with any business transaction, it is important to consider the big picture and gain as much knowledge as possible to make informed decisions.
Who are the main SPAC stakeholders? How does a SPAC work?
SPACs are drawing the attention of renowned underwriters like Goldman Sachs, Deutsche Bank and Credit Suisse. Not only retired senior executives are getting involved, but also high-profile celebrities, from entertainers to athletes.
What is a SPAC?
SPACs have existed for a long time, but they are currently experiencing a renaissance after a troubled history. Created in the 80s of the 20th century and tracing back their origin to the blank check companies, in the first decade they gained a reputation of penny-stock frauds as scams and financial scandals multiplied.
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