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Czech National Bank Minutes: Inflationary Risks Emerge

Czech National Bank Minutes: Inflationary Risks Emerge

The Czech National Bank board assessed the risks and uncertainties in the outlook as moderately inflationary. We consider another 50bp cut at the next meeting as the most likely option for now, but the pace of monetary easing is expected to slow down thereafter. Inflation outlook assessed as moderately inflationaryAt its last meeting, the CNB board lowered the policy […]
TerrAscend Reports 64% Reduction In Net Loss In Q1 Financial Report

TerrAscend Reports 64% Reduction In Net Loss In Q1 Financial Report

Image Source: Unsplash  TerrAscend (TSNDF) has reported its financial results for the first quarter (Q1) ended March 31, 2024. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter.  Q1 Financial Highlights Net Revenue: DOWN 6.9% to $80.6M Gross Profit: DOWN 7.4% to $38.7M Gross Profit Margin: Down to 48.0% from […]
UK Market Commentary – Friday, May 10

UK Market Commentary – Friday, May 10

 UK Growth JumpsGBPUSD is pushing higher today on the back of the latest growth data released this morning which showed that the UK moved out of recession last quarter. Prelim Q/Q GDP came in at 0.6% for Q1, up from -0.3% prior and well above the 0.4% the market was looking for. The data marks […]
BP Sets Cost Saving Goal As Weak Seasonal Pattern Begins

BP Sets Cost Saving Goal As Weak Seasonal Pattern Begins

Image Source: Unsplash  BP’s latest earnings, released on Tuesday this week, saw both it’s quarter profits and cash flow fall more than expected. Operating cash flow, standing slightly above $5 billion, marked its lowest point since Q4 2020, significantly falling short of the average analyst projection of $6.72 billion.Meanwhile, net debt surged by over $3 billion, […]
UK Economy Surges Back Into Growth In The First Quarter

UK Economy Surges Back Into Growth In The First Quarter

Image Source: Pexels  Rising real wages, an easing of the recent mortgage squeeze, and high economic migration have helped lift the UK economy back into growth.  First quarter growth was massiveThe UK economy powered out of its technical recession in the first quarter, judging by the initial GDP figures released today. The economy expanded by a […]
Daily Market Outlook – Friday, May 10

Daily Market Outlook – Friday, May 10

Image Source: Pixabay  The Asia-Pacific equity markets showed overall optimism following a positive session in the US. The MSCI Asia Pacific Index rose by 0.7%, with Hong Kong’s benchmark index reaching its highest level since September. Shares in Japan, South Korea, and Australia also advanced. US futures slightly increased as the S&P 500 index finished less […]
Russian opposition activist launches zero-knowledge voting app to challenge Putin’s inauguration

Russian opposition activist launches zero-knowledge voting app to challenge Putin’s inauguration

Russian opposition activist and former Pussy Riot lawyer Mark Feygin has launched a referendum on the zero-knowledge voting app Russia2024, challenging the legitimacy of the recent Russian elections and Vladimir Putin’s inauguration as president.The vote, which went live on May 10th, three days after Putin’s inauguration, is the first protest vote on the app following […]
GBP/USD Rises To Near 1.2540, Driven By Higher UK GDP

GBP/USD Rises To Near 1.2540, Driven By Higher UK GDP

GBP/USD edged higher to near 1.2540 during Asian hours on Friday, buoyed by the release of higher-than-expected UK Gross Domestic Product (GDP) data for the first quarter. GDP (QoQ) rose by 0.6%, reversing the previous quarter’s decline of 0.3%, surpassing expectations of a 0.4% increase. Additionally, GDP (YoY) increased by 0.2%, rebounding from the previous […]
ETF Battles: 3 Commodities ETFs In A Head-To-Head Contest

ETF Battles: 3 Commodities ETFs In A Head-To-Head Contest

Image Source: Pixabay  In this Season 5 episode of ETF Battles, I referee a triple header contest between ETFs linked to commodities from Invesco (DBC), Blackrock (GSG), and USCF Investments (SDCI).Despite higher inflation lifting commodities prices – from eggs to coffee to gold – most investment portfolios have zero or minimal exposure to commodities. Which fund in […]
Sensex Today Jumps 500 Points; BPCL Gains 5% On Bonus Announcement

Sensex Today Jumps 500 Points; BPCL Gains 5% On Bonus Announcement

US stock markets advanced, with the Dow Jones closing higher for the seventh straight consecutive session.In fact, all three major US indexes surged after weekly jobless claims data offered fresh hope for interest-rate cuts.Back home, Indian share markets are trading on a positive note following the trend on GIFT Nifty.The GIFT Nifty was trading higher […]