People around the world don’t drink wine in the same amount they used to. “Global wine consumption has dropped sharply over the past seven years, according to a recent report from Gordon Brothers, with worldwide Read more…
US consumer confidence edged higher in March, with the Conference Board index rising from 91.0 to 91.8, beating expectations of 88.3. The improvement was driven by a stronger assessment of current conditions, with the Present Read more…
Amazon stock is down about 11% year-to-date, but Wall Street is starting to lean more bullish again. The shift comes as AWS growth reaccelerates, driven by strong demand for AI workloads. At the same time, Read more…
Markets Stock markets drew some minor comfort from the Wall Street Journal story. European equities rose another 0.8%, pulling the likes of the EuroStoxx50 away from key support areas around 5500. Main US indices add Read more…
Major supermarket chains, which have been battling big-box retailers, such as Walmart and Target, for the nation’s grocery business, are closing underperforming stores, as well as fulfillment centers and warehouses that they no longer need. Read more…
Canadian GDP ticked higher by 0.1% month-on-month (m/m) in January slightly edging out Statistics Canada’s advanced guidance and market expectations for a flat reading. Compositionally, 9 of 20 industries registered an increase on the month. Read more…
The Goldman Sachs trading desk has circulated a note flagging what it describes as a significant disconnect in Nvidia stock. The core observation is that NVDA is now trading at a forward price-to-earnings ratio below Read more…
Daily Pivots: (S1) 1.1429; (P) 1.1476; (R1) 1.1509; More…. EUR/USD recovered ahead of 1.1408 support as consolidations continue. Intraday bias remains neutral for the moment. Further decline is expected with 1.1666 cluster resistance (38.2% retracement Read more…
Daily Pivots: (S1) 1.3144; (P) 1.3213; (R1) 1.3253; More… A temporary low is formed at 1.3158 with current recovery, and intraday bias in GBP/USD is turned neutral. Some consolidations could be seen, but outlook will Read more…
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