Author Archive: Jeremy Parkinson
Asian Stock: MBM Resources
Company: MBM Resources BerhadBloomberg ticker: MBM MKMarket cap: US$505mBackground: MBM Resources Berhad is a Malaysian holding company engaged in the trading of five motor vehicle brands, assembly and manufacturing of commercial and passenger vehicles, and automotive parts manufacturing. The company sells cars and trucks from Perodua, Volvo, Volkswagen, Hino, and Daihatsu. World Class Benchmarking of MBM Resources Profitable Growth […]
All about the new $10T crypto market cap
Share this article The crypto market has exploded recently, going from a niche for speculation into a global financial colossus. The market is already being capitalized with trillions of dollars, which are already measured by technological advancement, institutional participation, and global adoption. The market cap size is expected to be as much as $10 trillion. The […]
Sensex Today Tanks 1,064 Points; Nifty Ends Below 23,350
After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on a weak note.Benchmark equity indices BSE Sensex and NSE Nifty 50 witnessed a sharp correction, selling down by over 1 percent each, weighed by selling across the counters.At the closing bell, the BSE Sensex stood lower […]
US Q4 GDP Nowcast
Several updated nowcasts for US economic activity in the fourth quarter have been revised sharply higher recently, but the median estimate barely changed, based on the several data points from a range of sources compiled by CapitalSpectator.com. The US economy still, as a result, still looks set to slow in the final quarter of the […]
Real Retail Sales On The Cusp Of Breaking Out Of Their Multi-Year Doldrums
Consumption leads employment, and as I reiterated yesterday real per capita retail sales has a history as a long leading indicator.Which means that retail sales for November, which rose 0.7% nominally, continues its recent strong string of positives, increasingly looking like it is finally breaking out of its 2 year plus doldrums.Since consumer prices rose […]
Trump meets with Crypto.com CEO to discuss Bitcoin reserve and crypto appointments
Key Takeaways Kris Marszalek of Crypto.com met with Donald Trump to discuss potential crypto appointments and Bitcoin reserve matters. Trump’s administration has appointed several crypto advocates to key financial positions. Share this article President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at his Mar-a-Lago estate in Florida on Monday to discuss appointments related to […]
UK Salary Growth Puts BoE Rate Cut Plans In Question
A report coming from the UK’s Office for National Statistics (ONS) showed that average salaries, both including and excluding bonuses, rose by 5.2% per year in the three months to October. Analysts at ONS noted that “after slowing steadily for over a year, growth in pay excluding bonuses increased slightly in the latest period, driven by […]
GBP/USD Rebounds On Stronger UK Data As Attention Turns To FOMC
Photo by Colin Watts on Unsplash The pound has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this week’s policy meeting. While the European Central Bank and Swiss National Bank both cut interest […]
GBP/USD Price Analysis: Upbeat Jobs Data Boosts Sterling
The GBP/USD price analysis paints a bright future for the pound as UK labor market data shows resilience in the face of high interest rates. Meanwhile, market participants remained cautious ahead of policy meetings in the UK and the US this week.Data on Tuesday revealed that British pay growth grew more than forecast in the […]
Signs Of 2024 SPY Topping Out
S&P 500 shook off weak Empire State manufacturing, and correctly focused on surging services PMI instead of marginally down manufacturing PMI. But then, the bond market and the dollar made a correct move that I hinted at in the weekend precious metals video while breadth and concentration question marks over SP& 500 remained – nevermind, the setup was good […]
