Perpetuity

Stagnation for two months straight in the United Kingdom! UK economic data shows stagnation for a second consecutive month in July, another blow to the new Labour Leader, Keir Starmer and Chancellor Rt Hon Rachel Reeves. Data shows the economy was held back but a fall in construction and manufacturing and a 0.1% growth in service sectors, as per Office of National Statistics data. Although the news was not great, Sterling remained stable against the dollar when the news was released. The figures come ahead of the Bank of England September meeting where they will choose to drop interest rates again or keep them stable at 5%. Follow Perpetuity for more financial news and explainers. #BOE #Stagnation #Economy

The Rate Cuts Keep Coming! The European Central Bank officially dropped interest rates for the second time this year to 3.5%! The rate cuts came after data showed falling Eurozone inflation and some believe the European Central Bank will continue to drop rates in future meetings. Eurozone inflation slowed in August to 2.2% which is a three-year low and down from 2.6% in July. Falling industrial output in Germany and Italy is a worry for the European Central Bank as it may indicate that Eurozone growth is slowing down. However, some policymakers are reluctant to drop rates too quickly with rapid wage growth still threatening the 2% inflation target. Follow Perpetuity for more financial news and explainers! #ECB #Inflation #Eurozone

🔑 How can you find the right department for you? 1️⃣ Self-Assessment: Reflect on your skills, interests, and career aspirations to identify which department aligns best with your strengths and goals. Consider factors such as analytical abilities, communication skills, and industry preferences to narrow down your options. 2️⃣ Networking: Reach out to professionals in different departments of investment banks through networking events, informational interviews, and online platforms like LinkedIn. Gain insights into their roles, responsibilities, and career paths to make informed decisions about your career trajectory. 3️⃣ Internships and Rotational Programs: Explore internship opportunities and rotational programs offered by investment banks to gain hands-on experience and exposure to different departments. Internships provide valuable insights into the day-to-day responsibilities and culture of each department, helping you make informed career choices. Follow Perpetuity for more financial news and explainers! #Finance #InvestmentBanking #CareerDevelopment #Networking #CareerAdvice

Who are we welcoming to the S&P in the latest rebalance? Earlier this month the S&P500 announced its rebalance of companies and concluded that 3 new companies would join the index before the end of the month! The new entrants include Dell Technologies whose shares rose 6% on the day this news was released. Data Analytics firm Palantir Technologies, whose shares rose 3% on the day of the news release and finally the property insurer, Erie Insurance Group whose shares rose the highest out of the three, gaining 8% on the day of the news release. The three new entrants mean we say goodbye to 3 companies from the index: American Airlines, Etsy and Bio-Rad Laboratories. Follow Perpetuity for more financial news and explainers! #SandP500 #index #tech

Are we witnessing the rise, and now, fall of EV Cars? Earlier this week Volvo Cars announced that it no longer pledges to sell only EV cars by 2030! Volvo Cars was a trailblazer in EV technology and one of the first manufacturers to pledge to sell only EV cars, but looking at current market conditions, consumer range anxiety and the pure lack of infrastructure, Volvo Cars has officially turned its back on this pledge - following Ford Motor Company who also moved away from strictly EV production. Generally, the automotive industry has seen a decline in the sale of EV cars, despite government-backed incentives for business owners, but prices for these cars are 20% higher than combustion engines and this still plays a key role! Volvo Cars was quick to state that the future is still EV heavy but without the infrastructure in place, it will take more than a few years for this vision to come into reality. Volvo Cars new plan is to turn 90% of its sales to electric and hybrid by 2030 and continue to invest in new technology as consumer demand grows. Follow Perpetuity for more financial news and explainers. #EV #Electric #Volvo

🔑 Elevate Your Investment Banking CV with These Buzz Words! 🔑 Top Buzz Words for Your Investment Banking CV: Financial Modeling: 📊 Demonstrates your ability to create detailed financial forecasts and valuations. Mergers & Acquisitions (M&A): 🤝 Highlights experience or understanding of corporate transactions. Valuation Analysis: 💰 Showcases your capability to determine the value of assets and companies. Capital Markets: 💼 Indicates knowledge of markets where capital is raised and traded. Due Diligence: 🔍 Reflects your thoroughness in evaluating investment opportunities and risks. Portfolio Management: 📈 Demonstrates experience in managing and optimizing investment portfolios. Risk Assessment: ⚖️ Highlights your ability to identify and mitigate financial risks. Financial Statement Analysis: 📝 Showcases your skill in interpreting financial data to make informed decisions. Leveraged Buyouts (LBO): 📉 Reflects understanding or experience with LBO transactions and financing. Strategic Advisory: 🧠 Indicates your ability to provide high-level strategic financial advice. Using these buzz words strategically throughout your CV can help highlight your relevant skills and experiences, making you a more attractive candidate to potential employers in investment banking. Follow Perpetuity for more financial news and explainers! #InvestmentBanking #FinanceCareers #CVTips #ProfessionalDevelopment #GraduateJobs

Eurozone Inflation falls to 2.2% in August! Figures released in August show EU inflation has fallen to a three-year low of 2.2% in August 2024 - this is a great sign for future European Central Bank rate cut expectations. Germany and Spain both beat expectations with a lower Inflation rate in August than analysts anticipated. Whereas, France, the holder of the 2024 Olympics, reported a higher-than-expected figure. Markets are betting on a further rate reduction from the European Central Bank to 3.5% in their September 2024 meeting as inflation levels near the target of 2%. The European Central Bank cut rates in June by a quarter point and the Bank of England did so in August. However, an uptick in Eurozone service inflation to 4.2% may add caution to some of these hopes. follow Perpetuity for more financial news and explainers #ECB #Inflation #CPI

🔑 How can you find the right department for you in an Investment Bank? 1️⃣ Self-Assessment: Reflect on your skills, interests, and career aspirations to identify which department aligns best with your strengths and goals. Consider factors such as analytical abilities, communication skills, and industry preferences to narrow down your options. 2️⃣ Networking: Reach out to professionals in different departments of investment banks through networking events, informational interviews, and online platforms like LinkedIn. Gain insights into their roles, responsibilities, and career paths to make informed decisions about your career trajectory. 3️⃣ Internships and Rotational Programs: Explore internship opportunities and rotational programs offered by investment banks to gain hands-on experience and exposure to different departments. Internships provide valuable insights into the day-to-day responsibilities and culture of each department, helping you make informed career choices. 💼 Why should you care? Choosing the right department in an investment bank is crucial for launching a successful career in finance. By understanding the distinct roles and opportunities available in each department, you can make informed decisions that align with your skills, interests, and career aspirations. 🚀 Follow Perpetuity for more financial news and explainers! #Finance #InvestmentBanking #CareerDevelopment #Networking #CareerAdvice

Biggest stock market crashes in US history! - Wall Street Crash, 29th October 1929; wiped out 90% of stock value, 16 million shares were sold in a single day and this catalysed the Great Depression. - Black Monday, 19th October 1987; largest one day drop with markets down 22.9%. It took 2 years to recover to new highs and an estimated $1.7 trillion was wiped out the market. - Dotcom bubble, 10th March 2000; tech stocks crash violently losing $5 trillion after the bubble burst. At its lowest point, the NASDAQ dropped 78% from previous highs. - 2008 recession, 15th September 2008; caused by the collapse of Lehman Brothers and subprime lending, the world went into an economic downturn and the S&P lost 57% of value from previous highs. - Covid-19 crash, 20th Feb 2020; the market tanked over 37% within a week due to the outbreak of Coronavirus getting worse outside China. Follow Perpetuity for more financial news and Explainers #markets #stockmarketcrash #economy

Gold at all-time highs? What does this signal? Earlier this week Gold prices hit all-time highs of $2531.60 spot price per troy ounce (£1943.83) gaining over 1% in a day! This means a gold bar of 400 ounces is worth over a million dollars Why has gold soared recently? The increase in buying comes after Western investors sat on the sidelines with gold for over a year leaving the Chinese investors to turn to the metal amid their own housing and equity crisis in China. With the rising prospect of US interest rate cuts, investors in the US and around the world have dumped money into the commodity placing bets on the price rising. Lower rates tend to reduce the returns on fixed-income assets and Gold is seen as a haven for investors during economic turmoil. This gold price suggests the current state of the world economy is under much stress and uncertainty - and investors are signalling their opinions by buying Gold. Investors are looking for safety in a market which can only provide volatility, especially on an economic and geopolitical level. Follow Perpetuity for more financial news and explainers #Gold #economy #commodities