Author Archive: Jeremy Parkinson
Asian Stock: Japfa Comfeed Indonesia
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: PT Japfa Comfeed Indonesia TbkBloomberg ticker: JPFA IJMarket cap: US$1,171mBackground: PT Japfa Comfeed Indonesia Tbk is the second-largest poultry feed producer in Indonesia, with more than 20% market share. The company is involved in all stages of […]
Sensex Today Ends 110 Points Higher; Nifty Above 24,450
After opening the day higher, the Indian benchmark remained volatile as the session progressed and ended the day on a positive note.Benchmark equity indices BSE Sensex and NSE Nifty50 ended Wednesday’s choppy session in positive territory, extending their winning streak for the fourth consecutive session.At the closing bell, the BSE Sensex stood higher by 110 points (up […]
Is US Economic Growth Accelerating In Q4?
The odds still look skewed toward a softer pace of expansion for fourth-quarter GDP, but an upgraded nowcast from the Atlanta Fed hints at the possibility for something stronger.The regional Fed bank’s GDPNow model lifted its Q4 estimate for growth on Monday to 3.2%, moderately above Q3’s 2.8%. The question is whether other nowcasts will follow? For […]
Putin says no one can ban Bitcoin and digital assets
Key Takeaways Vladimir Putin stated that no one can successfully impose a ban on Bitcoin or digital currencies. Russia recognizes digital currencies as property in foreign trade settlements under a new legal regime. Share this article Russian President Vladimir Putin stated that new technologies like Bitcoin and digital currencies cannot be effectively banned and will […]
Gold Price Edges Higher As ADP Falls Shorts Of Expectations
Image Source: Unsplash Gold prices see a slight increase, stabilizing at around $2,650 following subpar US ADP employment data. November’s ADP report shows a hiring slowdown, with only 146,000 jobs added versus the 150,000 expected. Fed officials maintain a cautious stance on rate cuts amid solid but slowing employment growth and sticky inflation. Gold prices […]
Dollar Tree Q3 Earnings And Revenues Surpass Estimates
Image Source: Pexels Dollar Tree (DLTR – Free Report) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.67%. A quarter ago, it was […]
Futures Rise To Fresh Record High Ahead Of Powell Speech, French Government Collapse
Futures are higher following yesterday’s geopolitical events in France and S. Korea – which ironically highlight the stable exceptionalism of the US and its markets. As of 8:00am ET, S&P futures are 0.3% higher, and on pace for a 56th record high in 2024, after closing at the 55th yesterday; Nasdaq futures surge 0.6% boosted […]
Yen And Aussie Slide, While The Euro Waits On The France No-Confidence Vote
Image Source: Unsplash The two biggest movers in the FX market on Wednesday have been the Yen and the Australian Dollar, both of which have come under a good amount of pressure.Video Length: 00:01:15More By This Author:Aussie GDP, French Politics, And US Economic Data Renewed Demand For US Dollar Trump Trade Adjustments In Process
EUR/GBP Stays Vulnerable Below 0.8300 As French Government Sets To Dissolve
The EUR/GBP pair ticks lower and sustains below the cruical resistance of 0.8300 in Wednesday’s North American session. The asset is expected to remain highly volatile with investors focusing on French no-confidence vote that is expected to result in a collapse of Prime Minister Michel Barnier’s government.Marine Le Pen-led-Far Right allied with Left wing and […]
Focus On US NFP, French And South Korea Developments
All eyes today are on the French and South Korean markets as both countries face political instability. South Korea’s Kospi index dropped 1.44% on Wednesday while the Bank of Korea said it would deploy measures to stabilize the forex market. In France, the CAC 40 surged by 0.45% as French lawmakers will hold a vote of no-confidence […]
