Category Archives: Uncategorized

Czech National Bank Vice-Governor Eva Zamrazilova says the Bank could cut interest rates by 25 or 50 basis points at its May 2 meeting. increases in services prices were an inflation risk “That is also a reason why I am cautious when it comes to cutting interest rates,” she said. “I have a cut by […]

The US GDP reading, Q1 preliminary, is due at 8.30 US Eastern time on Thursday, 25 April 2024. Goldman Sachs are forecasting 3.1%, from 2.5% previously and well above consensus at 2.5%. Analsyst at the bank cite: strong personal consumptionstrong labor market, pointing to March payrolls +303,000 & unemployment down to 3.8%industrial production +0.4% (March […]

A snippet from UBS analysts on US stocks, looking for the strongest quarterly earnings growth in over two year. UBS acknowledge that earnings season is still ongoing, but so far earnings are beating estimates by over 8% (8.3%) in aggregate. Q3 2021 was 9.7%, this quarter is the best since then. UBS project Q1 earnings […]

UK data shows that shipping traffic through the Suez Canal artery in Egypt has plunged by 66%. This is due to cargo forced to divert due to attacks on vessels by Iran-backed Houthi terrorists. Sky News reports on data from the UK’s Office for National Statistics (ONS) data from mid-December to the begining of April […]

On Thursday at 1230 GMT, which is 0830 US Eastern time, we get the advance reading for economic growth in US for the nau to March quarter: The Federal Reserve will be paying attention to assess the strength of the US economy. Stronger than expected will boost the case to delay rate cuts, and vice […]

Goldman Sachs has lifted its H2 2024 and 2025 Brent crude oil price forecasts higher: US$86/bbl and $82/bbl respectivelyfrom previously at $85 and $80 In a note Tuesday Goldman Sachs said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming months still holds a […]