In January, producer prices in Canada continued to decrease, marking the fourth consecutive month of decline. The drop was driven by decreases in food and energy prices, along with lower costs for raw materials. Price Index Statistics Statistics Canada reported that the industrial product price index in Canada fell by 0.1% in January compared to the previous month. Over a … [Read more...] about Canadian Producer Prices Decline
Forex News
China’s Significant Mortgage Rate Cut
China recently implemented its most substantial reduction in mortgage rates, aiming to provide much-needed support to the struggling property sector. Despite this effort, the response from stock markets remained relatively subdued. Key Details: The People’s Bank of China announced a 25 basis points cut to the country’s five-year loan prime rate (LPR), bringing it down to … [Read more...] about China’s Significant Mortgage Rate Cut
BAE Systems 2023 Earnings Report Overview
Revenue and Sales Forecast BAE Systems is set to report their earnings for 2023 on Wednesday. According to FactSet, revenue consensus for the U.K. defense-and-aerospace group is expected to be around 24.77 billion pounds ($31.20 billion), based on forecasts from 14 analysts. This is an increase from the 2022 revenue of GBP21.26 billion. The company's sales forecast, excluding … [Read more...] about BAE Systems 2023 Earnings Report Overview
Eurozone Negotiated Wage Cooling
Negotiated wages in the eurozone saw a slight cooling trend in the fourth quarter, offering a positive signal for European Central Bank policymakers as inflationary pressures start to alleviate. Decrease in Wage Growth In the period from October to December, negotiated wages rose by 4.5% compared to a 4.7% increase in the previous quarter, according to data unveiled by the … [Read more...] about Eurozone Negotiated Wage Cooling
Stock Market Update
Stock Market Update With U.S. stock markets set to open in two hours, here is a brief overview of pre-market trading: Discover Financial Services (DFS) was up 14.9% GlobalFoundries Inc. (GFS) was up 7.3% Immunovant Inc. (IMVT), AngloGold Ashanti PLC (AU), and Bausch + Lomb Corp. (BLCO) were all posting gains of at least 5% Host Hotels & Resorts Inc. (HST) fell 8.6% Globe … [Read more...] about Stock Market Update
