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ACX Partners with B3 Connecting Brazil to the Global Carbon Markets

December 11 2023 ACX Group is pleased to announce its partnership with B3 S.A. – Brasil, Bolsa, Balcão (B3), the Brazilian stock exchange, streamlining carbon market access to Brazilian companies seeking to reach their net zero goals. The partnership will leverage ACX’s proprietary exchange technology and established leadership in the carbon market and B3’s position as the largest financial exchange in Latin America. As part of the partnership, B3, with its strong presence in the Brazilian capital markets and its deep relationships with market participants, aims to contribute to the expansion and success of ACX’s Brazil trading…

European Retail Investors Signal Bearish Sentiment on DAX 40

December 11 2023 Spectrum Markets (“Spectrum”), the pan-European trading venue for securitised derivatives, has published its SERIX sentiment data for European retail investors for November, revealing a sharp decline in sentiment towards the German DAX 40 index, reaching 93 points this November, its lowest point in the past two years. The benchmark index DAX 40 comprises the 40 largest German stocks listed on the Frankfurt Stock Exchange. The SERIX value indicates retail investor sentiment, with a number above 100 marking bullish sentiment, and a number below 100 indicating bearish sentiment. (See below for more information on the…

UAW wants to unionize Tesla. It faces a tough and high-profile battle with Musk

Elon Musk and a powerful US union may clash next year in what could be a defining moment for both the embattled tech titan and an American labor movement seeking to flex its muscles fresh off a dramatic victory over Detroit’s car makers. The fight is shaping up as 2023 draws to a close – a great year for US unions and a complicated one for Musk. The world’s richest man has lit so many dumpster fires at X (née Twitter) that it is hard to see his many accomplishments for the smoke. Meanwhile, the US’s biggest unions have pulled off a series of victories that have burnished their reputation in ways Musk can only envy. Tesla loses…

Oil Prices Hold Steady, Propped Up by US Purchases

LONDON—Oil prices held steady on Monday as U.S. efforts to replenish strategic reserves provided support, though concerns persist about oversupply and softer fuel demand growth next year. Brent crude futures edged up 2 cents to $75.86 a barrel by 0913 GMT. U.S. West Texas Intermediate crude futures were up a single cent at $71.22. Both contracts jumped more than 2 percent on Friday but were down for a seventh straight week, their longest streak of weekly declines since 2018, on lingering oversupply concerns. The recent price weakness drew demand from the United States, which has sought up to 3 million barrels of crude for the…

'Somebody has it wrong' on U.S. recession risks as oil, gold and Treasurys…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. Brendan Mcdermid | Reuters Markets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser. The CIO of Livermore Partners told CNBC on Monday that many investors are hoping for a "Goldilocks" scenario, in which the economy doesn't grow too quickly, or shrink too much. "The outlook was, of course, that the Fed's going to look to be cutting rates because they see a soft landing approaching. And it looks like, on the surface, it is," he told "Squawk Box…