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Sensex Today Ends 335 Points Higher; Nifty Above 22,100

Sensex Today Ends 335 Points Higher; Nifty Above 22,100

After opening the day flat, Indian share markets turned positive as the session progressed and ended the day marginally higher.After a weak start, benchmark equity indices – Sensex and Nifty – along with their broader market counterparts rebounded.At the closing bell, the BSE Sensex stood up by 335 points (up 0.5%).Meanwhile, the NSE Nifty closed higher by 153 points […]
Producer Prices Surged Again In February As Energy Costs Re-Accelerated

Producer Prices Surged Again In February As Energy Costs Re-Accelerated

After the hotter-than-expected consumer price data, February Producer Prices were expected to slow their surge from January but they did not… with headline Final Demand PPI rising 0.6% MoM (double the 0.3% rise expected) – the hottest print since June 2022. That lifted the YoY PPI to +1.6%, its highest since September…Source: BloombergThat was the second […]
Bear Of The Day: AMN Healthcare Services

Bear Of The Day: AMN Healthcare Services

Labor shortages and staff burnout among nurses are reasons to be wary of AMN Healthcare Services (AMN)  stock despite the company’s favorable long-term prospects.Correlating with this cautious scenario, AMN’s stock currently carries a Zacks Rank #5 (Strong Sell) and lands the Bear of the Day. Image Source: Zacks Investment Research Declining Nurse and Allied Solutions Segment SalesProviding […]
The Energy Report: Dereliction Of Duty

The Energy Report: Dereliction Of Duty

Image Source: DepositPhotosSome might say that The International Energy Agency (IEA) has been derelict in its duty to secure energy security for Europe because they have been taken over by a green energy agenda.Not it appears they must acknowledge they were wrong about stopping investments in fossil fuel but today, they have to acknowledge what […]
Russell 2000 Earnings Dashboard 23Q4 – Thursday, March 14

Russell 2000 Earnings Dashboard 23Q4 – Thursday, March 14

Image Source: Pexels  Russell 2000 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is -17.6%. If the energy sector is excluded, the growth rate for the index is -12.5%. Of the 1616 companies in the Russell 2000 that have reported earnings to date for 23Q4, 55.4% reported above analyst expectations. The 23Q4 Y/Y blended revenue growth estimate is -1.5%. If the energy sector is excluded, the growth rate for […]
Elliott Wave Technical Analysis: The Coca-Cola Company – Thursday, March 14

Elliott Wave Technical Analysis: The Coca-Cola Company – Thursday, March 14

Image Source: Pixabay  KO Elliott Wave Analysis Trading Lounge Daily Chart, 14 March 2024The Coca-Cola Company,  (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (1) of Primary 3.  DIRECTION: Upside into wave 3 of (1).DETAILS: We are looking for further upside into wave 3 as we have yet to take the highs of […]
The World’s Biggest Stock Markets, By Country

The World’s Biggest Stock Markets, By Country

In this graphic, we’ve visualized the global market capitalization of stock markets by country, based on figures from S&P Dow Jones Indices. More specifically, this is based on the methodology of the S&P Global Broad Market Index (BMI), which captures over 14,000 stocks from developed and emerging markets.As a point of reference, we’ve also illustrated the […]
AUD/JPY Climbs Closer To 97.90, Buoyed By Prospect Of RBA Considering Rate Hikes

AUD/JPY Climbs Closer To 97.90, Buoyed By Prospect Of RBA Considering Rate Hikes

Image Source: DepositPhotosAUD/JPY extends its upward trajectory for the third consecutive session, reaching around 97.90 during European trading hours on Thursday. The AUD/JPY cross receives upward momentum as the Reserve Bank of Australia (RBA) continues to hint at the possibility of further rate hikes.RBA Governor Michelle Bullock recently emphasized that inflation in Australia is primarily […]
Iron Ore Commentary – Thursday, March 14

Iron Ore Commentary – Thursday, March 14

Image Source: Unsplash  Iron Under PressureThe sell-off in iron ore prices is accelerating this week with iron ore futures now down around 7% this week, extending the sell-off from YTD highs which has seen the market dropping around 25%. The main driver behind the move lower has been an uptick in concerns over the health of […]
EURGBP And EURCHF: EURCHF Rises To 0.96289 This Morning

EURGBP And EURCHF: EURCHF Rises To 0.96289 This Morning

EURGBP chart analysisYesterday, EURGBP reached a new weekly high at the 0.85597 level. After that, we stopped there and started retreating. During the Asian trading session, there was a drop below the 0.85500 level. In the EU session, we saw a continuation of support at 0.85350. For now, we are successfully holding above and are […]