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Poland’s Labor Market Remains Tight

Poland’s Labor Market Remains Tight

Image Source: Pexels  In March, Polish enterprise sector wages rose by 12% YoY, close to the consensus and slightly weaker than a month prior. The high growth most likely reflects the significant minimal wage increase in 2024 and tight labour market conditionsHigh minimal wage growth and strong bargaining power among workers resulting from Poland’s tight labour market conditions have […]
Crypto funds see $206 million in weekly outflows led by US Bitcoin ETFs: CoinShares

Crypto funds see $206 million in weekly outflows led by US Bitcoin ETFs: CoinShares

Crypto exchange-traded products (ETP) experienced $206 million in outflows last week and a decrease of $18 billion in trading volume, reveals a report by asset management firm CoinShares. Bitcoin (BTC) products represent 28% of the trading volumes, a drop from 55% a month earlier.James Butterfill, CoinShares’ head of research, stated that this trend indicates a […]
Election Year Market Expectations

Election Year Market Expectations

Investors tend to prefer periods of stability. However, as we share below, politicians’ promises appear to offset the potential instability associated with changes in the White House and/or Congress. We present the graph below to help appreciate how seasonal patterns may affect stock prices this election year. Since 1972, only three of the thirteen election […]
Bulls Have Opportunity To Put Foot Down For Reprieve N/T

Bulls Have Opportunity To Put Foot Down For Reprieve N/T

Unable to push through resistance, major US equity indices took a drubbing in recent weeks. Mid- to long-term, more downward pressure is probable. Near-term, it is looking like a toss-up between bulls and bears.The S&P 500 last week suffered its third consecutive down week. From the March 28th peak of 5265, it is now down 5.7 […]
Elliott Wave Analysis: Natural Gas

Elliott Wave Analysis: Natural Gas

Photo by American Public Power Association on Unsplash  Natural Gas Elliottwave Analysis Mode – Impulsive  Structure – Impulse Wave  Position – Wave (iii) of 5 Direction – Wave (iii) of 5 still in play Details:  Wave (ii) taking a higher leg. Still favors the downside for (iii) on the way to complete wave 5 of (3). Not much has […]
Verizon Reports $1.15 EPS For Q1, Optimistic Guidance For 2024

Verizon Reports $1.15 EPS For Q1, Optimistic Guidance For 2024

Image Source: Unsplash  Verizon Communications Inc. (NYSE: VZ) has started 2024 with financial resilience and strategic growth, particularly in its wireless service revenue and broadband momentum. The first quarter of the year saw the company achieving a slight uptick in operating income, reaching $33.0 billion, marking a 0.2 percent increase from the same period in 2023.  Total Wireless […]
European Stock: AstraZeneca

European Stock: AstraZeneca

Company: AstraZeneca PLCBloomberg ticker: AZN LNMarket cap: US$200,088mBackground: AstraZeneca PLC is a science-led biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of prescription medicines in oncology, rare diseases, and biopharmaceuticals, including cardiovascular, renal & metabolism, and respiratory and immunology.  World Class Benchmarking of AstraZeneca Profitable Growth rank of 4 was down compared to the prior period’s […]
Galxe DAO proposes to change token symbol from ‘GAL’ to ‘G’

Galxe DAO proposes to change token symbol from ‘GAL’ to ‘G’

Galxe DAO has put forward a proposal to change its token symbol from ‘GAL’ to ‘G,’ as part of a broader token contract migration effort. The proposal, introduced by community contributor Steven Lei last Wednesday, seeks to solidify the organization’s brand identity, reduce confusion in the crypto market, and enhance community involvement. The Snapshot vote […]
China Kept Interest Rates At Lows

China Kept Interest Rates At Lows

Image Source: Pexels  On Friday, the Dow Jones (US30) Index gained 0.56% (for the week -0.23%), while the S&P 500 (US500) Index fell by 0.88% (for the week -3.54%). The Nasdaq Technology Index (US100) closed negative 2.05% (for the week -6.11%). The S&P 500 (US500) fell to a one-month low, and the NASDAQ (US100) fell to a 2-month low. Weak corporate news and rising geopolitical risks weighed on stocks.The latest […]
“No Rate Cut” Bear Scares S&P 500 Into Retreat

“No Rate Cut” Bear Scares S&P 500 Into Retreat

The S&P 500 (SPX) fell again durin ghte third week of April 2024. The index closed out the week at 4,967.23, a little over three percent below the level it closed the second week. The index has dropped 5.5% below its record peak closing value from 28 March 2024.The main driving force behind the falling level […]