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Wall Street futures rise - Just My View with Andrew O'Donnell

Wall Street futures rise - Just My View with Andrew O'Donnell

Duration 14m

Wall Street futures rise, anticipating the year's final monetary policy meeting. European and Japanese markets saw gains, propelled by various sectors, including chemical manufacturers and chip. Financial forecasts for 2024, circulated by various strategists, converge around a 5,000-point increase in stock markets, reflecting an anticipated 8% to 14% rise from current levels. Sultan Ahmed Al Jaber's statements at COPE28 sparked debate, suggesting a pragmatic approach to fossil fuel phase-out. Multiple global pledges aim to triple renewables, enhance energy efficiency, reduce cooling emissions, and promote low-emissions materials in construction. Global copper supply outlook drastically shifted, with anticipated surpluses for 2024 disappearing due to multiple factors hampering supply, including opposition, developmental challenges, and operational complexities. The uranium sector, the U.S. House passed a bill to ban Russian uranium imports, impacting America's nuclear fuel sources. U.S. corporate bankruptcies are up by 13%, reaching a 13-year high, contradicting the seemingly robust economy. Bitcoin and AI emerge as pivotal stories.