October 2024 - Page 24 of 134 -

Investors Underwhelmed By Latest China Moves

Oct 16, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Most of the talk has been around disappointment in global markets over China stimulus or lack thereof. Weakness in Chinese equities has rippled over into the rest of the market, even playing a role in dampening the spirits of record high US equities.Video Length: 00:01:10More By This Author:Dollar Bid, US Equities On Fire […]

The Commodities Feed: IEA Expects Oil Surplus To Persist

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

The International Energy Agency (IEA) continues to see a large surplus in the oil market for 2025 as demand remains slow while supply returns gradually. Energy – IEA trims demand estimates for the yearOil prices stabilised this morning after falling significantly over the past few sessions as some buying activity returned to the market at lower […]

SuperMicro Computers Inc. Stocks Elliott Wave Technical Analysis – Wednesday, October 16

Oct 16, 2024 Jeremy Parkinson Finance 0

SMCI Elliott Wave Analysis Trading Lounge Daily Chart,SuperMicro Computers Inc., (SMCI) Daily ChartSMCI Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Intermediate (4)DIRECTION: Bottom in wave (4).DETAILS: We are exploring the possibility of a bottom in wave (4) which ended with an ending diagonal in wave C of (4). SuperMicro Computers Inc., (SMCI) 1H ChartSMCI Elliott Wave Technical […]

Asian Stock: Pop Mart International Group Ltd

Oct 16, 2024 Jeremy Parkinson Finance 0

Company: Pop Mart International Group LimitedBloomberg ticker: 9992 HKMarket cap: US$8,421mBackground: Pop Mart International Group Limited is a Hong Kong-listed Chinese toy company founded by Wang Ning. The company sells so-called designer toys, and part of its successful marketing strategy has been to sell them in vending machines, but it also has staffed outlets in China and internationally. World […]

The State Of US-China Trade As New Tariffs Take Effect

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

After July 2024’s tariff-clock beating surge, the total value of trade recorded between the U.S. and China coasted slightly higher in August 2024, even as its momentum reversed.With the Biden-Harris administration’s new and expanded set of tariffs taking effect during the month, the negative change in momentum was expected. Importers of goods from China had rushed […]

Bank Earnings Are Out Showing Massive Loan Losses

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels We are in the thick of bank earnings and quarterly reports. The one theme they keep coming back to is…losses. It’s become such a problem even JPM CEO Jamie Dimon snapped during his last earnings call. The thing is, in spouting off he told the truth about all of it.Video Length: 00:18:57 More […]

Boeing’s Seasonal Opportunity Amid Financial Struggles: Is This The Dip To Buy?

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Boeing’s Recent Struggles Boeing’s third-quarter report brought disappointing news, with significant losses across its commercial aircraft and defense divisions. Combined, these units reported a $6.4 billion operating loss, pushing the company to announce workforce reductions and potential delays in production. Boeing’s cash flow position also worsened, with a free cash flow loss of […]

USD/CHF Trades Around 0.8630, Recovers Recent Losses Due To Less-Dovish Fed

Oct 16, 2024 Jeremy Parkinson Finance 0

Photo by Claudio Schwarz on Unsplash USD/CHF edges higher as robust US labor and inflation data have diminished the likelihood of bumper rate cuts by the Fed. Atlanta Fed President Raphael Bostic expects just one more interest rate cut of 25 basis points this year. The Swiss Franc strengthened as lower inflation in September reduced the need […]

Sensex Today Trades Lower; Nifty Below 25,100

Oct 16, 2024 Jeremy Parkinson Finance 0

Asian markets traded lower tracking overnight losses on Wall Street, with Japan’s Nikkei leading the decline.Japan’s Nikkei 225 dropped 1.9%, while the Topix fell 1.1%US stock market indices ended lower on Tuesday, with the technology-heavy Nasdaq falling 1% as chip stocks tumbled, while the energy sector fell 3%.The Dow Jones Industrial Average declined 324.8 points, […]

FX Daily: UK Disinflation Surprise Paves The Way For More Sterling Weakness

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The dollar briefly reconnected with lower oil prices yesterday but has regained some support this morning. The balance of risks remains skewed to a stronger USD leading up to the US election. In the UK, downward surprises in services inflation have dealt a blow to GBP, and we think there is more downside […]