November 2023 - Page 241 of 244 -

Japan’s Currency Hasn’t Traded Here Since The Late 1980s

Nov 01, 2023 Jeremy Parkinson Finance 0

Yen. Image Source: Pixabay Japan’s currency is now collapsing.Japan’s central bank, the Bank of Japan (or BoJ for short) is currently engaged in an open-ended Quantitative Easing (QE) program. In its simplest rendering, the BoJ starts buying the 10-Year Japanese Government Bond any time that bond’s yield rises to 1% or higher.It’s possibly the boldest QE program in […]

Macro: Construction Spending — It’s All About Infrastructure And Reshoring

Nov 01, 2023 Jeremy Parkinson Finance 0

Total construction spending is growing at 8.7% and that is an increase from 7.6% growth last month.Like we saw in the housing data, residential construction is improving. It now stands at -2.1% from a year ago, an improvement from the -4.4% yoy growth we saw last month.Non-residential spending is where we see an absolute boom. […]

FTSE Opens November In The Green As Next Raises Guidance Again

Nov 01, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels The FTSE 100 started November on a positive note, with positive annual forecasts from pharmaceutical company GSK and retailer Next Plc contributing to the optimism. The internationally-focused FTSE 100 index saw a gain of 0.25%.British clothing retailer Next led the gains sitting at the top of the blue chip index, with its shares […]

S&P 500 Earnings Dashboard 23Q3 – Wednesday, No. 1

Nov 01, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 5.0%. If the energy sector is excluded, the growth rate for the index is 10.5%. Of the 310 companies in the S&P 500 that have reported earnings to date for 23Q3, 79.7% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.4%. If the […]

Eurozone Inflation Falls Again

Nov 01, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Eurozone Inflation Falls Again The Euro has come under fresh selling pressure today on the back of yesterday’s data. Headline eurozone CPI was seen dropping to 2.9% last month, down from 4.3% prior and below the 3.1% the market was looking for. Core CPI was a little stickier at 4.2%, but still down […]

Central Bank Gold Buying Continues At Record Pace

Nov 01, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay The latest central bank gold purchase figures are out, and they show that central banks just set a record for the amount of gold they’ve purchased over the first 3 quarters of a year.This comes on the heels of last years historic level of central bank gold buying, yet shows that the trend […]

Here Is What Wall St. Experts Are Saying About PayPal Ahead Of Earnings

Nov 01, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels PayPal (PYPL) is scheduled to report results of its third fiscal quarter after market close on November 1, with a conference call scheduled for 5:00 pm EDT. TARGET CUT AHEAD OF EARNINGS: Truist recently lowered the firm’s price target on PayPal to $70 from $85, while keeping a Buy rating on the shares as part of […]

Could Netflix Stage A Comeback?

Nov 01, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Netflix (Nasdaq: NFLX), one of the favorite names on Wall Street, experienced a dramatic decline in its share price in 2021. This downward trajectory extended into 2022 as the company grappled with diminishing subscriber numbers and lackluster earnings reports. However, the tides began to shift toward the end of last year as Netflix witnessed a notable […]

ISM Manufacturing Plunges To 46.7 Percent. New Orders, Backlogs In Contraction

Nov 01, 2023 Jeremy Parkinson Finance 0

Economists expected the ISM® manufacturing PMI® to hold steady at 49.0. Instead, it went into significant contraction with a steep drop in employment. Image and excerpts by permission and courtesy of the Institute for Supply Management Manufacturing ISM Contracts 12 MonthsPlease consider the ISM Manufacturing Report for October 2023. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., […]

Residential Construction Positive, Job Openings Negative, And Manufacturing Mixed

Nov 01, 2023 Jeremy Parkinson Finance 0

As usual, the monthly data started out with reports on the two most important production sectors of the economy, namely manufacturing (for October) and construction (for September). Additionally, the JOLTS jobs survey for September was released.I am going to do more detailed reports on both JOLTS and construction later today or tomorrow. For now, let […]