Quick Look Japan now ranks as the world’s fourth-largest economy, trailing behind Germany. The country’s GDP contracted in the last quarter of 2023, with an annual shrinkage of 0.4%. Economic growth slowed to 1.9% in 2023, with expectations of further deceleration to 0.5% in 2024. A weakening yen and decreased private consumption have significantly impacted …
Japan Slips to 4th in Global Economy, GDP Shrinks 0.4% Read More »
Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …
2023 Crude Oil & Metal Price Trends Benchmark U.S. and Brent crude oil prices see declines, reflecting market adjustments. March delivery for gasoline, heating oil, and natural gas also experience price drops. Gold and copper prices fall, while silver prices buck the trend with an increase. The dollar weakens against the yen and euro, influencing …
Quick Look Stock futures edge higher, signalling a potential rally momentum regain. Modest gains across Dow Jones, S&P 500, and Nasdaq-100 futures amidst economic optimism. Investors remain focused on inflation and the Federal Reserve’s strategy to maintain economic stability. Key earnings reports and economic data set to influence the stock market directions. Cisco’s premarket downturn …
Stock Market Poised for Recovery: Insights and Updates Read More »
The artificial intelligence (AI) revolution is gaining momentum, leading an increasing number of companies across various sectors to position themselves as AI stocks. Tech giants such as Nvidia, Microsoft, Alphabet (Google’s parent company), Apple, Adobe, and Workday are spearheading this trend, each staking a claim in the AI domain. However, this raises important questions about …
AI Industry’s Impact: Trends, Growth, & Future Outlook Read More »
Quick Look A Senate deal to enhance border security and manage immigration faces obstacles from House Republicans. The Congressional Budget Office (CBO) forecasts a labour force boost of over 5 million from immigration over the next decade. Immigration might contribute nearly $7 trillion to the GDP and $1 trillion in federal revenue within the same …
5M Labour Boost & $7T GDP Surge: Immigration’s Impact Read More »
Quick Look Gold prices dip below $2000/oz amidst strong US CPI report and Fed rate cut speculations. ICE Brent crude oil sees a 0.94% hike, nearing $83/barrel, amid fluctuating crude inventories. OPEC adjusts oil demand and supply forecasts, signalling a cautious market outlook. Benchmark U.S. and Brent crude prices experience slight increases, reflecting market dynamics. …
Commodity Feed: Gold Dips, Oil Rises; US Agri Trade Falls 11% Read More »
Quick Look Dow Jones Industrial Average futures are up by 0.11%, with S&P 500 and Nasdaq 100 futures also in the green. Lyft shares surge over 16% after-hours on strong Q4 earnings, while Airbnb dips more than 4% despite revenue beat. The U.S. stock market faced significant declines in the previous session, with Dow Jones …
Stock News: Dow Up 0.11%; Lyft Jumps 16%, Airbnb Falls 4% Read More »
Quick Look Bitcoin slightly declined by 0.27%, closing at $49,710 after a previous rally. U.S. annual inflation rate decreased to 3.1%, with core inflation remaining at 3.9%. Bitcoin-related ETFs saw varied net flows, with iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund witnessing significant inflows. Ethereum shows bullish signs, trading above key EMAs with …
Bitcoin Dips 0.27%, ETFs Surge with $600M Inflows Read More »
Quick Look Veritas Technologies merges its data protection business with Cohesity, aiming to enhance R&D, customer support, and business alliances. The merged entity forecasts a pro forma annual revenue of $1.6 billion, with recurring revenue of $1.3 billion and a valuation of $7 billion. Cohesity CEO Sanjay Poonen will continue as CEO, while Veritas CEO …
$7B Merger: Cohesity & Veritas Set to Dominate Data Read More »
Quick Look The EU bank crisis fund has now reached its target of €78 billion, ceasing yearly bank contributions. Initially bolstered by €68 billion of public funds pending Italy’s approval, the total capacity hits €145 billion. Despite the fund’s growth, concerns linger over its adequacy for major bank crises. Therefore referencing past financial rescues like …
€145B EU Crisis Fund Ready Amid New Banking Risks Read More »
Quick Look UK’s Claimant Count Change fell by 14.1K, showcasing a strong labour market. The US Federal Budget Balance worsened to -21.9 billion USD, indicating fiscal stress. UK’s unemployment rate remains low at 3.8%, with the Average Earnings Index rising by 5.8%. US inflation forecasts suggest mild monthly increases, with a year-over-year CPI expected at …
Economic Indicators: Unpacking Fiscal & Market Trends Read More »
Quick Look Oil prices remain stable despite tensions in the Middle East from Israel’s actions in Gaza. Trinidad and Tobago face a national emergency due to a major oil spill from a capsized vessel. Year-to-date, WTI and Brent crude prices show the market’s durability against geopolitical and environmental issues. Crude oil continues to be essential …
Oil Market Defies Tensions, Up Amid Global Crises Read More »
Quick Look S&P 500 slightly down after surpassing 5000 last week. Dow Jones hits a new record with a 0.3% gain. Nvidia outperforms, reaching $1.83 billion in market cap, outpacing Amazon and Alphabet. Lowe’s shares jump 3% on JPMorgan’s upgrade, setting a new price target of $265. Market buoyed by strong corporate earnings, with eyes …
Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …
The US Dollar’s Tug of War: Yields Up, Stocks Steady Read More »
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