November 2023 - Page 8 of 244 -

Fed’s Favorite Inflation Indicator Slides To 30 Month Lows, Savings Rate Ticks Higher

Nov 30, 2023 Jeremy Parkinson Finance 0

One of The Fed’s favorite inflation indicators – Core PCE Deflator – fell to +3.5% YoY in October from +3.7% in Sept (its lowest since April 2021). Headline PCE tumbled to +3.00% YoY (below the 3.1% exp)…Source: BloombergBoth income and spending growth slowed on a MoM basis (both +0.2% MoM)…Source: BloombergIncome growth at 4.5% YoY is the […]

Natural Gas Forecast: Looks For Buyers

Nov 30, 2023 Jeremy Parkinson Finance 0

In the end, the natural gas market’s fortunes appear to be intricately tied to the capricious whims of the weather, particularly in the northeastern United States. The natural gas markets faced a significant setback in Tuesday’s session, as news emerged of a potentially mild weather pattern in the United States lasting until mid-December. As previously discussed, it […]

CPI Stabilizes In Poland, But Core Inflation Slows Again

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels In the short term, inflation (especially core inflation) may surprise on the downside while headline CPI may dip below 5% in 1H24. But mid-term we are still far from the central bank’s target given the inflationary impact of strong real disposable incomes and rapid recovery of consumption, offsetting a strong zloty and disinflationary external backdrop.Inflation is entering a […]

The Dollar Is Having One Of Its Best Days This Month

Nov 30, 2023 Jeremy Parkinson Finance, No picture 0

After being bludgeoned, the dollar is having one of its best days of the month. It is rising against all the major currencies. The Dollar Index is up about 0.5%, which is the most since the end of October. The greenback is also firmer against all the emerging market currencies but the Turkish lira and […]

US Stock Futures Rise As November Ends; Dollar Strengthens Amid Inflation Concerns

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels US Stock Futures: US stock futures rise to conclude November, with S&P 500 and Nasdaq futures up about 0.3% and Dow Jones up more than 180 points. Traders eagerly await fresh PCE inflation, consumer spending, and claims data for further economic insights. Salesforce shares surged approximately 9% in premarket trading following upbeat quarterly […]

Royal Bank Of Canada (RY) Reports Better Than Expected EPS Of C$2.78 In Q4

Nov 30, 2023 Jeremy Parkinson Finance, No picture 0

The Royal Bank of Canada reported an EPS of C$2.78 against an expected EPS of C$2.63 for Q4. Key Highlights Total Revenue and Net Income: For the quarter ended October 31, 2023, the company reported a total revenue of C$13.03 billion and a net income of C$4.13 billion. Earnings Per Share (EPS): Basic and diluted EPS for the […]

Asian Stock: Yangzijiang Shipbuilding Holdings

Nov 30, 2023 Jeremy Parkinson Finance 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Yangzijiang Shipbuilding Holdings LimitedBloomberg ticker: YZJ SPMarket cap: US$4,835mBackground: Yangzijiang Shipbuilding Holdings Limited is a leading shipbuilding enterprise in China founded in 1956 and the only mega-containership builder in China. Most of its revenue is derived from […]

USD/CAD Price Analysis: Treads Water Near 1.3600 Backed By A Barrier At 23.6% Fibonacci

Nov 30, 2023 Jeremy Parkinson Finance 0

USD/CAD gains ground for the second consecutive session, maintaining its position near the 1.3600 psychological level during the European session on Thursday. A decisive breakthrough above the latter could open the doors for the USD/CAD pair to explore the barrier around 23.6% Fibonacci retracement at 1.3623 aligned with the seven-day Exponential Moving Average (EMA) at 1.3626.The improved […]

S&P 500 Stabilizes At ~4558 After A Sharp Rebound

Nov 30, 2023 Jeremy Parkinson Finance 0

After three straight months of selling, the major US stock indices are pausing for breath having bounced back in pretty extraordinary fashion The broader benchmark S&P 500 is up over 8.5% this month, its best monthly performance also since July last year The tech-dominated Nasdaq 100 has been the standout performer and gained nearly 11% […]

Euro Puts The 1.0900 Area To The Test Prior To Lagarde, US PCE

Nov 30, 2023 Jeremy Parkinson Finance 0

The Euro’s downward bias gathers extra steam against the US Dollar on Thursday, forcing EUR/USD to retreat to the vicinity of the key support at 1.0900 the figure, or weekly lows.On the other hand, the Greenback picks up extra upside traction and lifts the USD Index (DXY) back above the 103.00 barrier against the backdrop of a tepid recovery in […]