Bloomberg Linea – Pandora, the world's largest jewelry manufacturer by volume, revealed that starting this year They will replace gold and silver extracted from mines with recycled metals In an attempt to reduce their environmental footprint, as they have suggested since 2020.
In an interview with The New York Times, Pandora CEO Alexander Lasek said that the migration, tentatively planned for 2025, would mean… Approximately $10 million USD is spent annually on 100% recycled silver and gold.This is a higher cost compared to the price paid for new mines.
The Danish company, which sells more than 100 million items a year, debuts in 2023 with Sustainability-linked bonds worth €500 million due within five yearsWhich specifically included a goal of using 100% recycled silver and gold by 2025, according to Bloomberg.
Read more: Pandora switches to 100% recycled gold and silver ahead of schedule: why?
⬇️⬆️This is how the indicators moved today
🇺🇸 On the streets of Wall Street:
US stock markets ended the session with gains. Noteworthy were the results of the tech-heavy Nasdaq 100 (NASD11), which rose 1% ahead of results from five major companies with a combined market capitalization of more than $10 trillion, and the S&P 500 (SPY), which topped 4,900 points. points, with Tesla Inc. (TSLA) which is leading the gains in the giant companies.
Chris Larkin of Morgan Stanley's E*Trade told Bloomberg that this week could be crucial: “If the market wants to maintain its recent rally, it may have to avoid earnings disappointments from a lineup of big tech companies this week. Get encouraging news from Big Tech Group This week the Fed on interest rates, and we see employment numbers that are strong but not overly positive.
With earnings coming this week from Microsoft Corp. (MSFT), and Alphabet Inc. (GOOGL), and Apple Inc. (AAPL), and Amazon.com Inc. (AMZN), and Meta Platforms Inc. (META), certain volatility is generated in the stock market, especially if financial reports are disappointing to investors.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/NCMXMPDJKZBPPIPEPB3YDXZUXM.png "Dollar January 29, 2024")
🌎In the area:
In Latin America, stock markets ended Monday with mixed results. While Peru's S&P/BVL (SPBLPGPT) index led the gains, the Ibovespa Brazil São Paulo (IBOV) index posted the biggest losses.
The Lima Stock Exchange index rose by 1.13%. This is mainly due to the performance of the materials (1.80%) and finance (0.25%) sectors. Shares of Cia de Minas Buenaventura SAA (BVN) and Empresa Siderurgica del Peru SAA (SIDERC1) led the best performances during the session with differences of more than 3%.
The Bloomberg report highlighted that investors see a “unique opportunity” in Latin American domestic debt as they expect the Fed to start cutting interest rates soon. “Along with a weaker dollar, a potential shift in the US would help prompt emerging market central banks to ease interest rates, which could mean a windfall for local currency debt holders,” the analysis explains.
🍝 Dinner details:
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”