STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

MONTHLY REVIEW

The international stock markets ended the month of NOVEMBER with gains.

DRIVING FACTORS

Easing interest rate and inflationary pressures in the US.
Hopes for a less restrictive monetary policy.
Easing of China's strict zero-Covid policy.
Planned extensive measures by China to support the country's troubled real estate sector.

EQUITIES IN FOCUS

TESLA wants to significantly increase production of Model Y in Texas

Tesla plans to significantly increase production of its Model Y vehicle at the new Gigafactory in Texas next year. This is reported by the US news website Electrek. The electric car manufacturer wants to roll 75,000 Model Ys there in the first quarter of 2023. Tesla was initially unable to comment. In October it became known that 20,000 Model Y had been produced in the Texas factory so far.

MONTHLY OUTLOOK

The October low appears to have been the low for the year. The positive trend continued last November. Will there be a year-end rally this year? A number of things speak in favor of a conciliatory end to the year: the easing of interest and inflationary pressure in the USA; the stabilization of energy prices and an expected less restrictive monetary policy from the US central bank.

We expect the positive trend on the stock markets to continue in December.

STOCK RECOMMENDATION