🍑 Has bitcoin bottomed?

H&M wins hearts & minds | Let's go on a guilt trip | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for June 30th in 3:10 minutes. 😎 There are three top-level decisions to make as an investor: what to do with your cash, what to do with your gains, and what to do when things go wrong. It’s what investment advisor Alpesh Patel OBE calls [The Investing Decision Tree](, and you can find out how to make those hard choices at our event with Alpesh on July 4th. [Get your free ticket]( Today's big stories - H&M reported a strong set of quarterly results, and they would’ve been even stronger if not for Russia and China - We’ve looked into whether bitcoin might finally have bottomed – [Read Now]( - The EU agreed a deal to push for tougher climate measures Shopping Spree [Shopping Spree] What’s Going On Here? H&M – the world’s second-biggest clothing retailer – [posted]( impressive quarterly results on Wednesday. What Does This Mean? H&M said online sales continued to do well last quarter, but it was bricks and mortar stores that came out swinging. Demand was so strong, in fact, that the retailer didn’t need to offer so many discounts this time around, which helped its pre-tax profit come in 33% higher than the same time last year. Still, H&M isn’t in the clear: the company said its decision to stop selling in Russia – its sixth-biggest market last year – contributed heavily to a 6% dropoff in sales this month compared to June 2021. China’s not helping either, hampering the retailer’s business with lockdowns and a boycott of its products that’s led to the closure of its flagship store in Shanghai. H&M, then, is accelerating its growth elsewhere to offset these slowdowns, with plans to open 94 new stores this year. Why Should I Care? The bigger picture: A fashionista face-off. Investors were just relieved to see that higher costs didn’t cripple H&M’s profit – something analysts have been warning about for months. But the company still has some way to go if it wants to beat main rival Inditex, which [reported]( earlier this month that its quarterly profit was 80% higher than the same time last year. H&M has a plan to catch up: it’s aiming to keep its next round of price hikes smaller than those of its competition. Zooming out: The ECB gets its gladrags on. Low-cost clothes retailers like H&M and Inditex are made for moments like these, when inflation in Europe is spiraling out of control. Data out on Wednesday [showed]( that Spanish inflation hit an all-time high of 10% this month, while Germany’s reading only eased thanks to its government’s temporary support measures ([tweet this](). That suggests the ECB will still kick off interest rate hikes next month, with some economists pushing for an even more aggressive move than the planned 0.25%. You might also like: [Will pre-owned fashion hurt H&M’s bottom line?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Shopping Spree&utm_campaign=daily-global-30-06-2022&utm_source=email) Analyst Take Is This The Bottom For Bitcoin? [Is This The Bottom For Bitcoin?]( It’s practically impossible to call the bottom of any bear market, let alone [a bitcoin bear market](. After all, a bearish stock market is usually defined as a 20% drop from its previous peak, but that definition falls to the wayside in the crypto market, where 20% drops are [a dime a dozen](. But looking at [the OG crypto’s history]( can help give you a sense of whether it’ll dip any lower than the 74% it’s crashed from its peak already. Because that way, we can establish our own [definition of a bitcoin bear market](, and from there work out [whether it’s bottomed](. So that’s today’s Insight: [has bitcoin finally bottomed?]( [Read or listen to the Insight here]( SPONSORED BY CHANGE Time to make a Change [Change]( is doing away with every hurdle to wealth creation. Whether you want to [actively invest]( or [earn passive income](, whether you’re totally new to investing or already know a thing or two, Change is built for you. You can [get started with just €10]( and some of the lowest fees going, and diversify your portfolio with gold, stocks*, crypto, and more. Or you can just put your money to work for you with [Growth Pocket]( – the account that earns you up to 4% APY annually. Change’s investors have traded over €1 billion already in the app: [make a Change today](. [Join Change]( Stocks* is a derivative product offered by Change Securities B.V. that replicates the performance of your favourite companies’ shares – full or fractional. Carbon-Neutral Ground [Carbon-Neutral Ground] What’s Going On Here? The EU [agreed]( to a set of tougher climate policies on Wednesday. What Does This Mean? European countries have been [announcing]( plans to replace now-absent Russian gas with coal, but it looks like they’re racked with guilt over the move. So after 16 hours of intense talks this week, the European Union agreed to tougher climate measures as part of the region’s goal to become carbon-neutral by 2050. Those measures include a crackdown on products linked to deforestation, a phasing out of permits that allow polluting industries a certain level of emissions, and a landmark deal to ban the sale of gas-fueled cars by 2035. None of this will be cheap, mind you, which is why the EU also agreed to a $60 billion fund to compensate the businesses affected most, as well as to help member countries green up their infrastructure. Why Should I Care? Zooming in: Take an inch, give a mile. Campaigners aren’t so optimistic that the EU – the world’s third-biggest emitter of greenhouse gasses – will meet its goals, not least because of the concessions it made: the EU proposed allowing carbon-neutral fuels after 2035 so that members like Italy would sign the deal. Those so-called “e-fuels” are criticized for being almost as toxic as burning fossil fuels, not to mention for emitting as much poisonous nitrogen oxide as a traditional engine. The bigger picture: Volkswagen’s dreaming. The deal means most carmakers will be forced to produce EVs and EVs alone within the next decade. But Volkswagen’s already well and truly on that bandwagon, even saying this week that it was confident it could overtake Tesla to become the world’s biggest EV maker by 2025. It’s rubbing its hands with glee at the company’s current production problems, and thinks it can seize the chance to capitalize. You might also like: [What investors are getting wrong about the EV market.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Carbon-Neutral Ground&utm_campaign=daily-global-30-06-2022&utm_source=email) 💬 Quote of the day “You can pretend to be serious. You can’t pretend to be witty.” – Sacha Guitry (a French actor, director, screenwriter, and playwright) [Tweet this]( 🎯 On Our Radar - This stock-picking pro is sharing his secrets. [He won’t even charge you for them](.* - Naked, sedated, and… famous? Why [doctors and TikTok don’t mix](. - You’re supposed to sit back and relax. How streaming ruined the [art of watching movies](. - When Moms demand action. A tale of [royals, pastries, and guns](. - The 1% versus everyone else. America’s [political elite]( have no idea what you want. When you support our sponsors, you support us. 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