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Rate Cuts Odd For 2024 Are Melting Away

Rate Cuts Odd For 2024 Are Melting Away

Image Source: Pixabay The ECI report for the first quarter came in much hotter than expected.Video Length: 00:13:59More By This Author:This Week Is So About To Get More Interesting For The Market The Week Of April 29 Will Be A Busy One For MarketsThis Week’s Massive Data Dump May Send The Dollar And Rates Soaring
Cloud Stocks: Atlassian Expands API Capabilities With Optic

Cloud Stocks: Atlassian Expands API Capabilities With Optic

Photo Credit: mohamed Hassan from PixabayEnterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its third-quarter results that surpassed market expectations. The company’s outlook outpaced market expectations as well, but the news of its co-founder and co-CEO Scott Farquhar stepping down caused some angst in the market. Atlassian’s Financials For the third quarter, revenues grew 30% to $1.19 […]
Amazon Set To Report Q1 After Market Close, What To Expect

Amazon Set To Report Q1 After Market Close, What To Expect

Image courtesy of 123rf.com Amazon (Nasdaq: AMZN), the e-commerce and tech giant, will release its earnings report for the first quarter of 2024 after the market closes today. Wall Street analysts anticipate revenue of around $142.7 billion and net income of around $9 billion for the quarter. The consensus estimate for earnings per share (EPS) is 81 […]
S&P 500 Earnings Dashboard 24Q1 – Tuesday, April 30

S&P 500 Earnings Dashboard 24Q1 – Tuesday, April 30

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 9.1%. If the energy sector is excluded, the growth rate for the index is 8.9%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
FTSE Pauses Record Run On A Mixed Read From Financial Firms

FTSE Pauses Record Run On A Mixed Read From Financial Firms

Image Source: Pexels On Tuesday, Britain’s primary stock indexes experienced an increase and were on track for their second straight month of growth, however a pullback in US markets saw a late day return to the flatline for the UK benchmark closing down 0.05% on the final trading day of April. This was driven by positive […]
Softs Report – Tuesday, April 30

Softs Report – Tuesday, April 30

COTTON General Comments: Cotton was a little higher yesterday in sideways trading. Demand remains a problem. The export sales report showed poor sales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. Trends are still down on the weekly charts. […]
Fed Continues To Struggle With Inflation

Fed Continues To Struggle With Inflation

The cost of labor for U.S. companies accelerated in the first quarter of 2024 at the fastest pace in a year and a half, adding to the Federal Reserve’s struggles to control inflation. The Employment Cost Index rose 1.2% in Q1, the government reported Tuesday. This was the largest increase since the third quarter of […]
U.S. Employment Costs Reacceleration Incentivises The Fed To Be More Hawkish

U.S. Employment Costs Reacceleration Incentivises The Fed To Be More Hawkish

US labour costs accelerated in the first quarter, led by the government sector, while hikes to state minimum wage levels contributed to higher private sector labour costs. This is the Federal Reserve’s favoured measure on labour market inflation pressures and provides further ammunition to justify a hawkish shift at tomorrow’s FOMC meeting.Image source: Pixabay Labour costs reaccelerate […]
U.S. Plantings & Weather Key. The Corn & Ethanol Report

U.S. Plantings & Weather Key. The Corn & Ethanol Report

We kicked off the last day of April with Employment Cost – Benefits QoQ, Employment Cost – Wages QoQ, and Employment Cost Index QoQ at 7:30 A.M., Redbook YoY at 7:55 A.M., S&P/Case-Shiller Home Price MoM & YoY, House Price Index MoM & YoY, and House Price Index at 8:00 A.M., Chicago PMI at 8:45 […]
Stocks Drift Lower As Earnings, Economic Data Weigh

Stocks Drift Lower As Earnings, Economic Data Weigh

Disappointing blue-chip earnings and a hotter-than-expected employment cost index for March are pressuring stocks ahead of the Federal Reserve’s interest rate decision tomorrow. Plus, consumer confidence last month fell to levels not seen since July 2022.The Dow Jones Industrial Average (DJI) is down more than 250 points at midday, while the S&P 500 Index (SPX) […]