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Another Rate Cut From The ECB And The Next Stop Is ‘Neutral’

Another Rate Cut From The ECB And The Next Stop Is ‘Neutral’

Image source: Pixabay The ECB drops a key policy line The ECB cut interest rates by 25bp, bringing the deposit rate to 3%, its lowest level since March 2023. This decision reflects a compromise between growth and inflation worriers, a gut feeling vs. a model-based approach and doves against hawks. At the same time, the ECB […]
Carbon Intensity In The Middle East – An Index Perspective

Carbon Intensity In The Middle East – An Index Perspective

In December 2023, the COP28 UN Climate Change Conference was hosted in Dubai, once again putting the spotlight on global climate change action and handing the Middle East hosting responsibilities. Describing the current period as “the beginning of the end” of the fossil fuel era,1 this iteration of COP not only gave us the first global […]
Continued Unemployment Claims Plus Those With Expired Benefits Tops 3.5 Million

Continued Unemployment Claims Plus Those With Expired Benefits Tops 3.5 Million

The lead chart shows the monthly average of Continued Claims from the Department of Labor and those unemployed 27 weeks or longer from the BLS.Initial Claims In the week ending December 7, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 17,000 from the previous week’s revised level. The previous week’s level was […]
Softs Report – Thursday, Dec. 12

Softs Report – Thursday, Dec. 12

COTTON General Comments: Cotton was a little lower yesterday in follow through selling from the monthly WASDE report that showed an uptick in ending stocks estimates. The trends are still turning down. There was not much in the way of news or action in outside markets to spur Cotton in one direction or the other. […]
Interest Rates Tumble As Growth Prospects Sour

Interest Rates Tumble As Growth Prospects Sour

Image Source: Pixabay Today’s announcement by the European Central Bank to cut interest rates by a quarter-point to 3 % is yet another sign that central bankers are more worried about economic growth than about inflation. This recent cut is the fourth such reduction in borrowing costs since June. The ECB warned that the Eurozone would […]
Solana outpaces Ethereum in attracting new crypto developers in 2024

Solana outpaces Ethereum in attracting new crypto developers in 2024

Key Takeaways Solana attracted 7,625 new developers in 2024, surpassing Ethereum for the first time since 2016. Asia became the leading continent for blockchain developers, with India contributing 17% of new crypto developers. Share this article Solana became the leading blockchain for new crypto developers in 2024, with an 83% increase, surpassing Ethereum, according to […]
FTSE Gives Up Early Gains As Investors Book Profits Ahead Of GDP Data

FTSE Gives Up Early Gains As Investors Book Profits Ahead Of GDP Data

Image Source: Pexels The FTSE 100 index initially increased on Thursday, supported by Diageo following a brokerage upgrade, while SThree negatively impacted the midcap index as it fell to its lowest point in over four years due to a profit warning. Heading into the close investors have booked profits ahead of tomorrow’s GDP update which has […]
Revisions Won’t Change The Game. The Corn & Ethanol Report

Revisions Won’t Change The Game. The Corn & Ethanol Report

Photo by Jesse Gardner on Unsplash We kicked off the day with PPI MoM & YoY, Core PPI MoM & YoY, Jobless Claims, Continuing Jobless Claims, Jobless Claims 4-Week Average, PPI Ex Food Energy, and Trade MoM & YoY, and Export Sales at 7:30 A.M., EIA Natural Gas Storage at 9:30 A.M., 4-Week & 8-Week Bill Bill Auction […]
Netflix – To Be Or Not To Be?

Netflix – To Be Or Not To Be?

Summary Netflix shows strong technical indicators with 100% buy signals, a 103.86% gain in the last year, and a Trend Seeker buy signal. Fundamental factors include a market cap of $390 billion, a P/E ratio of 51.71, and expected revenue growth of 15.30% this year. Analysts are mixed with 23 strong buys, 14 holds, and […]
Adobe Earnings Breakdown

Adobe Earnings Breakdown

Adobe (ADBE) reported adjusted EPS of $4.81 in Q3, exceeding market estimates of $4.67. The company has beat street estimates in each of the last 8 quarters. Results came in 3% higher than expectations, which is about in line with the 8 quarter average (orange line). Earnings grew 13% over last year, which is below […]