Weekly Commentary and Stock Recommendation: 8th July – 12th July 2024
Global Economy Earlier this week, data from the Chinese National Bureau of Statistics (NBS) showed China’s inflation was modest in June 2024. According to the NBS, China’s national consumer price index (CPI) increased by 0.2% YoY, compared to a 0.3% YoY increase in May 2024. Among them, urban prices rose by 0.2% YoY, while rural […]
Weekly Commentary and Stock Recommendation: 1st July – 5th July 2024
Global Economy A private Purchasing Manager Index (PMI) survey released earlier this week stated that the Caixin/S&P Global manufacturing PMI increased to 51.8 in June 2024 from 51.7 in May 2024, which was the quickest clip since May 2021. For eight months running, the index—which primarily includes smaller, export-focused businesses—has been above the 50-point threshold […]
Weekly Commentary and Stock Recommendation: 24th June – 28th June 2024
Global Economy According to the US Bureau of Economic Analysis, US Real gross domestic product (GDP) increased by 1.40% YoY in Q1:2024, according to its “third” estimate (vs. 3.40% YoY in Q4:2023). The increase in real GDP primarily reflected increases in consumer spending, residential and nonresidential fixed investment, and state and local government spending that […]
Weekly Commentary and Stock Recommendation: 20th May – 24th May 2024
Global Economy Earlier this week, the UK Office of National Statistics released April 2024 Consumer Price Index (CPI) data. The CPI rose by 2.3% YoY in April 2024, down from 3.2% YoY in March 2024. On a monthly basis, CPI rose by 0.3% MoM in April 2024, compared with a rise of 1.2% MoM in […]
Weekly Commentary and Stock Recommendation: 13th May – 17th May 2024
Global Economy Earlier this week, in the EU, Eurostat released preliminary GDP data for Q1:2024. In the first quarter of 2024, seasonally adjusted GDP increased by 0.3% QoQ in both the euro area and the EU, compared with the previous quarter. In Q4:2023, GDP had declined by 0.1% QoQ in the euro area and was […]
Weekly Commentary and Stock Recommendation: 6th May – 10th May 2024
Global Economy Earlier this week, we observed China’s Caixin/S&P Global services purchasing managers’ index (PMI) eased to 52.5 points in April 2024 from 52.7 points in March 2024, remaining in expansionary territory for the 16th straight month. The 50-mark separates expansion from contraction. Domestic Economy Earlier this week, the Central Bank of Nigeria (CBN) issued […]
Weekly Commentary and Stock Recommendation: 29th April – 3rd May 2024
Global Economy Earlier this week, the Federal Reserve left its key monetary policy rate unchanged, a position held since July 2023, at a ten year plus high of 5.25%-5.50%. This was underpinned by sticky prices, as inflation remained higher than the Fed’s 2% inflation target in March 2024, at 3.5% YoY. Elsewhere, in the EU, […]
Weekly Commentary and Stock Recommendation: 22nd April – 26th April 2024
Global Economy Earlier this week, S&P Global released flash Purchasing Manager Index (PMI) reports for both the UK and US. The headline S&P Global Flash US PMI Composite Output Index dropped to 50.9 points in April 2024 from 52.1 points in March 2024. The S&P Global Flash US Manufacturing PMI, which considers a wide range […]
Weekly Commentary and Stock Recommendation: 15th April – 19th April 2024
Global Economy Earlier this week, we saw data from the US Census Bureau on retail sales for March 2024. Retail sales rose 0.7% MoM in March 2024, according to the department. Data for February 2024 was revised higher to show sales rebounding 0.9% MoM, which was the largest gain in just over a year, instead […]
Weekly Commentary and Stock Recommendation: 8th April – 12th April 2024
Global Economy Earlier this week, the Governing Council of the European Central Bank (ECB) decided to keep its monetary policy rates unchanged. While overall inflation levels have been tapering, the ECB observed that domestic price pressures remain unabated, keeping services inflation elevated. Consequently, the interest rate on the main refinancing operations, the interest rates on […]
