January 2025 - Page 175 of 245 -

Sensex Today Ends 241 Points Lower; Nifty Below 23,450

Jan 10, 2025 Jeremy Parkinson Finance 0

After opening the day lower, Indian benchmark indices turned negative amid volatile trading and ended the day lower.Indian benchmark equity indices BSE Sensex and Nifty50 were trading lower, driven by losses in banks, energy and FMCG stocks. Meanwhile, IT stocks continued to rise following top IT firm TCS meeting its quarterly profit estimates.At the closing […]

December Jobs Report: Ho Ho Ho, Santa Brought A Gift – But With A Couple Of Lumps Of Coal Mixed In

Jan 10, 2025 Jeremy Parkinson Finance 0

Image Source: Pixabay My theme for the past several years as to employment has been “deceleration,” as in a gradual cooldown from white hot to red hot to hot to warm. But at some point past “warm,” we get to lukewarm, and then cool, and then chilly. In other words, if it continues at some point […]

Kenya set to legalize crypto, says Finance Minister John Mbadi

Jan 10, 2025 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Kenya is set to legalize cryptocurrencies, as announced by Treasury Cabinet Secretary John Mbadi. This planned legislation is aimed at creating a regulated environment for cryptocurrencies and Virtual Asset Service Providers, while mitigating risks including money laundering and fraud. Share this article Kenya plans to legalize crypto assets, shifting away from its previous […]

Market Analysis – Friday, Jan. 10

Jan 10, 2025 Jeremy Parkinson Finance 0

SPX futures plunged to 5880.20 in the overnight session, then bounced. It is currently consolidating near 5900.00 as it awaits the December payrolls. Here is a link to the report. All signs point to a miss. The Cycles Model does not exhibit strength in the decline yet, but the SPX is clearly beneath the 50-day Moving Average at 5946.82, showing […]

Scorching Hot Payrolls Smash Estimates As US Unexpectedly Adds Massive 256K Jobs In December As Unemployment Rate Drops

Jan 10, 2025 Jeremy Parkinson Finance 0

With consensus expecting a 165K print today, and the whisper number coming in about 20K higher at 187K, traders were expecting a cooler than last month’s 227K – but not too cool – and certainly not hot, jobs number this morning. Instead they got a red hot print at 256K……. nearly 100K higher – or a […]

Walgreens Boots Alliance Reports Better Than Expected Results For Q1 Fy’25

Jan 10, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Walgreens Boots Alliance, Inc.(WBA) reported its financial performance for the first quarter of fiscal 2025, ending November 30, 2024. The company experienced a notable increase in sales, with a 7.5% rise year-over-year, reaching $39.5 billion.The U.S. Healthcare and International segments primarily drove this growth despite challenges in the U.S. Retail Pharmacy segment. The adjusted earnings […]

Ethereum Price Pullback Deepens: Bulls Struggle To Hold Support

Jan 10, 2025 Jeremy Parkinson Finance 0

Ethereum price failed to clear the $3,400 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,400. Ethereum started a fresh decline from the $3,400 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with […]

GBP/JPY Finds Cushion Near 194.00, More Downside Remains Likely

Jan 10, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash GBP/JPY discovers a temporary cushion near 194.00, while its outlook remains uncertain. UK 30-year gilt yields soared amid growing concerns over mounting debt and caution over Trump’s protectionist policies. The BoJ said that it is considering raising the inflation forecast due to the depreciating Yen. The GBP/JPY pair finds temporary support near […]

NFPs Catalyze This Turnaround

Jan 10, 2025 Jeremy Parkinson Finance 0

S&P 500 traded volatile Wednesday as I expected – the fear of Fed minutes revealing deep rate cutting rift that would result in „higher for longer“ narrative strengthening, which is exactly what happened, accompanied by certain relief over it not being that bad. So, do we see some clues either way before today‘s non-farm payrolls?You […]

Introducing The US 5-Year Yield Opportunity Index

Jan 10, 2025 Jeremy Parkinson Finance 0

Inflation risk is topical again, as I’ve been discussing this week. As a result, the bond market is demanding a higher yield premium to compensate for the possibility that inflation will be higher than recently expected. The question for investors: Does the runup in Treasury yields to date suffice, given the current inflation expectations? In the first […]