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Bank Of England Sticks To The Script And Keeps Rates On Hold

Bank Of England Sticks To The Script And Keeps Rates On Hold

The Bank of England has been careful not to endorse the idea of a near-term rate cut in its latest policy statement. We think it will want to see April and May’s inflation data before doing anything, and that pitches June as the earliest date for the first rate cut. We’re sticking to our call […]
A Swiss Surprise, Micron’s Outlook, Flash PMI Data Ahead

A Swiss Surprise, Micron’s Outlook, Flash PMI Data Ahead

Image source: Pixabay  US equity futures point to a vibrant market open later this morning. Those futures are being lifted by the market seeing the Fed’s updated economic projections still calling for three rate cuts this year as well as Micron’s (MU) beat and raise earnings report last night. A potential deal to fund the US […]
Tencent Releases Fourth Quarter And Full-year Financial Report For 2023

Tencent Releases Fourth Quarter And Full-year Financial Report For 2023

According to the financial report, Tencent’s revenue in the quarter reached 155.196 billion yuan, a year-on-year increase of 7%. As one of the company’s core business segments, Tencent’s gaming business achieved revenue of 179.9 billion yuan in 2023, a year-on-year increase of 5.4%.Image via EqualOceanAmong them, the proportion of international market revenue in total revenue increased […]
AI Will Fundamentally Transform The Job Market – The Risk Of Mass Unemployment Is Low

AI Will Fundamentally Transform The Job Market – The Risk Of Mass Unemployment Is Low

AI has the potential to radically transform the labor market, impacting workers of all skill levels in a wide variety of companies and sectors. Some jobs will inevitably become obsolete. Yet we don’t expect AI to lead to mass unemployment. Unsplash The rise of AI has sparked intense debate about the impact it could have on the […]
Bitcoin Commentary – Thursday, March 21

Bitcoin Commentary – Thursday, March 21

Image Source: Pexels  BTC Bounces Post-FedFollowing a sharp correction lower after breaking out to fresh highs last week, BTC futures bounced off lows yesterday and have now recovered around 50% of recent losses. The driver behind the move was the drop we saw in the US Dollar in response to the March FOMC. The Fed stuck […]
Brazilian Stock: Rumo SA

Brazilian Stock: Rumo SA

Company: Rumo SABloomberg ticker: RAIL3 BZMarket cap: US$8,619mBackground: Rumo S.A. owns and operates rail networks. The Company transports agricultural commodities, chemicals, petrochemicals, construction materials, electronic goods, automotive parts, steel and forestry products, and fertilizers. Rumo serves customers in Brazil.  World Class Benchmarking of Rumo SA Profitable Growth rank of 8 was down compared to the prior period’s 7th rank […]
Is This A Bottom For Beleaguered Boeing?

Is This A Bottom For Beleaguered Boeing?

Image Source: Unsplash  Boeing (BA) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment. It is one of the world’s largest aerospace manufacturers, along with its main competitors Airbus and Lockheed Martin. Boeing was founded by William Boeing in 1916 in Seattle, Washington, and has since grown into […]
The US Federal Reserve Expectedly Kept Rates Unchanged

The US Federal Reserve Expectedly Kept Rates Unchanged

Image Source: Unsplash  As of Wednesday’s stock market close, the Dow Jones Index (US30) was up 1.03%. The S&P 500 Index (US500) added 0.89%. The Nasdaq Technology Index (US100) closed positive 1.25%. The US stocks closed at record highs on Wednesday after the US Federal Reserve left its outlook for interest rate cuts unchanged.The FOMC left the federal funds rate unchanged at a 23-year high […]
EURUSD Stages Rebound: Downside Reversal Or Short-Lived Rally?

EURUSD Stages Rebound: Downside Reversal Or Short-Lived Rally?

EURUSD has displayed a promising turnaround, bouncing from a recent low and breaching a key resistance level. This analysis explores the technical situation and examines potential scenarios for the currency pair. Price Recovers from Lows: Strong Bounce Witnessed: EURUSD has staged a significant rebound, surging from a low of 1.0834 to reach as high as 1.0942. […]
Swiss National Bank Unexpectedly Kicks Off The Rate Cutting Cycle

Swiss National Bank Unexpectedly Kicks Off The Rate Cutting Cycle

The Swiss National Bank is the first major central bank in the developed world to cut rates in this cycle, lowering its main key rate from 1.75% to 1.50%. This came as a surprise, as the status quo was expected by the consensus.PixabayInflation forecasts sharply revised downwardsAt its March meeting, the Swiss National Bank – […]