Financial News
- James Hyerczyk
The Bank of England held interest rates steady, targeting sustainable 2% inflation amid global uncertainty and persistent 4% UK inflation.
- Bob Mason
The China Caixin Manufacturing PMI sent mixed signals. Weakening domestic demand and factory gate price pressures remain a concern.
- Vladimir Zernov
Fed noted that it was not appropriate to cut rates until it had confidence that inflation was moving towards its 2% target.
- James Hyerczyk
According to ADP, January’s private sector added only 107,000 jobs with a modest 5.2% wage increase for job-stayers.
- Bob Mason
German retail sales sent more recessionary signals on Wednesday. Significantly, the unexpected fall could impact the Eurozone economy.
- James Hyerczyk
Microsoft’s Q2 earnings hit $2.93/share, beating $2.78 estimates with Azure’s 30% revenue surge, showcasing its cloud sector dominance.
- Vladimir Zernov
CB Consumer Confidence reached two-year highs amid declining pessimism about future.
- Vladimir Zernov
Dallas Fed Manufacturing Index has been in the negative territory since 2022.
- Bob Mason
Central banks take center stage, with investors awaiting clues from the Bank of England and the Fed on the timing of their first rate cuts.
- Bob Mason
Grayscale Bitcoin Trust (BTC) outflows slowed on Wednesday and Thursday, supporting a BTC return to $42,000 and cryptos amidst US lawmaker scrutiny.
- Vladimir Zernov
The National Association of Realtors expects that existing home sales would grow by 13% in 2024.
- James Hyerczyk
December’s 0.3% income rise, 0.7% spending surge, and stable 0.2% Core PCE rise signal robust economic growth and confidence.
- Ibrahim Ajibade
An Industry report shows how the Stock market crash and Evergrande housing crisis triggered increased cryptocurrency and Bitcoin trading within China.
- Bob Mason
German consumer income expectations and plans to purchase large items slumped as consumers reacted to the German inflation numbers for December.
- Julian Zimmermann
Scope Ratings is projecting a rebound in CEE-11 growth from an estimated, weak 0.7% in 2023 to 2.5% this year and 3% in 2025. Growth will be driven by lower inflation and higher real wages.
- James Hyerczyk
Intel (INTC) tops forecasts but Q1 2024 outlook and seven-quarter revenue rebound face AI and manufacturing challenges, testing investor confidence.
- Vladimir Zernov
ECB left the interest rate unchanged at 4.5%, in line with the analyst consensus.
- James Hyerczyk
Q4 2023 GDP surpasses estimates, expanding at 3.3%, exceeding the projected 2.0%.
- James Hyerczyk
Tesla’s (TSLA) earnings miss forecasts, record deliveries contrast with revenue shortfall and Musk’s control demands cause investor debate.
- Vladimir Zernov
U.S. PMI reports easily beat analyst expectations, highlighting the strength of the U.S. economy.