manassanant pamai Industrial production in Japan grew by 2.8% month-over-month in May 2024, beating market forecasts of 2.0% while shifting from a 0.9% fall in the prior month, flash data showed. Yearly, industrial output rose by 0.3% in May, pointing to the first expansion in seven months. In a separateContinue Reading
Tara Schulz The U.S. Pending Home Sales Index dropped by 2.10% in May from -7.70% in April 2024. Midwest and South posting monthly losses in transactions, while the Northeast and West recorded gains. On a year-over-year basis, contract signings dropped 6.6%, all U.S. regions registered reductions year-over-year. “The market isContinue Reading
VladK213 BMI, a unit of Fitch Solutions, Thursday upped its 2024 gold price forecast to $2,250/oz from $2,100/oz, with a ‘neutral’ view towards gold in H2, as prices remain tangled in a tug of war between a less dovish Federal Reserve and high levels of geopolitical tension. The brokerage expectsContinue Reading
manassanant pamai Retail sales in Japan increased by 3% Y/Y in May 2024, accelerating from an upwardly revised 2.4% gain in April and far exceeding market expectations for a 2% growth. The latest figure also marked the 26th consecutive month of expansion in retail turnover, as rising wages continued toContinue Reading
Darren415 When the U.S. Department of Commerce releases its personal income and outlays report for May on Friday, most eyes will be trained on the inflation data it contains. Specifically, the core personal consumption expenditures index will provide further evidence on whether the lack of progress in lowering inflation earlierContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures tilted lower Tuesday after ending the previous session at nearly two-month highs, as the oil market awaits the weekly U.S. inventories report for indications of demand for crude and gasoline ahead of the July 4 holiday weekend. Claudio Galimberti, director of global marketContinue Reading
Jonathan Knowles Coca-Cola Company (NYSE:KO) traded 1.4% higher on Monday after BNP Paribas Exane initiated coverage on the beverage stock with an Outperform rating and named it a top sector pick. Analyst Kevin Grundy pointed to a compelling valuation on Coca-Cola (KO), even factoring in the likelihood of an unfavorableContinue Reading
Raymond James trimmed its price target for the major less-than-truckload (LTL) freight carriers (FDX, SAIA, XPO, ODFL) but maintained a bullish outlook as the overall tonnage environment seems to have returned to more historical patterns given that March was the first time in more than 2 years that public LTLContinue Reading
Boy Wirat Digital watermarking company Digimarc (NASDAQ:DMRC) rose after investment firm Needham upgraded the stock, citing expected strong recurring revenue growth. The stock was trading ~9.49% higher Monday noon at $28.73. Needham analyst Joshua Reilly took over the company’s coverage, and raised his recommendation on the stock to Buy fromContinue Reading
