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Equities in Europe traded lower in the premarket on Tuesday after the newest reports on the Eurozone's economy showed a lower trade surplus in January than in December and no change in its annual inflation rate compared to the preliminary document.

The DAX declined by 0.15% at 7:54 am CET. At the same time, the FTSE 100 dropped by 0.32%. The CAC 40 decreased by 0.15%. The Eurostoxx 50 went down by 0.28%.

The euro fell by 0.06% against the dollar at 7:55 am CET to sell for $1.08665. A minute later, the pound sterling dipped by 0.15% against the United States currency to go for $1.27091.

Baha Breaking News (BBN) / JR

Gold currently $2156.18

The total retail sales of consumer goods for January and February in China landed slightly above analysts' projections, increasing by 5.5% on a yearly basis to reach 8.13 trillion yuan, the country's National Bureau of Statistics (NBS) reported on Monday.

Retail sales of goods were up by 4.6% year-on-year, with catering increasing by 12.5%. In the first two months, the retail sales of services grew by 12.3% on a yearly basis.

Analyzed by different areas, the data for the two-month period showed that retail sales in urban areas reached 7.04 trillion yuan up by 5.5% on a yearly basis, while in rural areas the figure added 5.8% year-on-year to reach 1.08 trillion yuan.

In February, the total retail sales of consumer goods grew by 0.03% compared with that of the previous month.

Baha Breaking News (BBN) / KA

*I was going to post this, this morning but thought it was too high energy, along side my two other posts.

I think Wednesday might be good with the markets reaction to the fed’s move on interest rates. If they cut them that is.

Be good to see a Super Wednesday like last week with another few shorts dropping off.

Gold currently $2148.92

Major stock exchanges in Europe traded mostly higher in the premarket on Monday with investors anticipating the final version of the report on the euro area consumer prices. Another big event that will mark this week is the United States Federal Reserve's monetary policy decision, which will be revealed on March 20.

The DAX was flat at 8:00 am CET. Simultaneously, the Euro Stoxx 50 increased 0.41%, the FTSE 100 gained 0.21%, and the CAC 40 edged up 0.06%.

Both the euro and the pound traded flat against the dollar at 7:59 am CET, going for 1.08881 and 1.27333, respectively.

Baha Breaking News (BBN) / AY

Happy Monday y’al

Allianz Global Investors fund manager Richard Knight has started a ‘small’ position in JD Sports (JD) which he believes is undervalued.

Knight, who runs the £195m Allianz UK Listed Opportunities fund with UK equities chief investment officer Simon Gergel, added the Citywire Elite Companies A-rated sportswear retailer to the portfolio in January having concluded ‘that the business was undervalued for a strong growth record and had significantly improved elements of governance and business complexity over the past few years’.

Shares in the group fell sharply following its trading update in January which showed a weaker-than-expected consumer environment ‘as well as ‘discounting of some Nike products that make up a large proportion of JD’s sales, leading to lower profit expectations’.

‘We think the shares have significantly overreacted and that the business retains a good record of organic growth, including in this more difficult context,’ said Knight.

‘We saw the share price weakness as an opportunity to increase our position at more attractive prices.’

Last week JD Sports shares fell 3.25% to 112.5p, extending their decline this year to nearly 30%.

Economic growth broadened across the UK’s private sector to reach a ten-month high in February, raising hopes that the economy has exited a short-lived recession.

https://www.thetimes.co.uk/article/recession-fears-ease-as-growth-spreads-across-uk-economy-tzcqpc6h6

“Shore Capital kept a ‘hold' rating on Boohoo, adding it saw its shares fall by 4% over the year,

with a return to growth from 2025.“

*Basically bc the shares are as cheap as chips at current prices but promise a strong return on positive earnings growth.

United Airlines Inc.'s Boeing 737 carrier which took off from San Francisco on Friday is reported to have made an emergency landing in Oregon after losing its panel in midair, local media said.

The forced landing at Medford Airport in Oregon did not result in injuries.

Multiple airline companies have encountered incidents involving Boeing aircraft, with the most recent incident resulting in injuries to at least 50 passengers on a LATAM Airlines flight from Sydney to Auckland due to an abrupt drop in altitude.

Baha Breaking News (BBN) / AB

United Airlines Inc.'s Boeing 737 carrier which took off from San Francisco on Friday is reported to have made an emergency landing in Oregon after losing its panel in midair, local media said.

The forced landing at Medford Airport in Oregon did not result in injuries.

Multiple airline companies have encountered incidents involving Boeing aircraft, with the most recent incident resulting in injuries to at least 50 passengers on a LATAM Airlines flight from Sydney to Auckland due to an abrupt drop in altitude.

Baha Breaking News (BBN) / AB

US mortgage applications up 9.7%

Mortgage applications in the United States increased by 9.7% in the week ending March 1, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey published on Wednesday.

According to the report, the average contract interest rate for 30-year fixed-rate mortgages continued to decline, falling to 7.02% from last week's 7.04%. Meanwhile, the Refinance Index advanced 8% compared to the previous week, while the seasonally adjusted Purchase Index climbed by 11% on a weekly basis.

"Mortgage applications were up considerably relative to the prior week, which included the President's Day holiday. Of note, purchase volume – particularly for FHA loans – was up strongly, again showing how sensitive the first-time homebuyer segment is to relatively small changes in the direction of rates," MBA Chief Economist Mike Fratantoni commented.

Baha Breaking News (BBN) / JJ

Major stock market indexes in Europe traded mostly lower during Friday's premarket as investors analyzed the latest data regarding producer prices in the United States, which showed a growth of 0.6% in February, surpassing expectations.

Market participants also awaited the release of inflation reports from France, Italy, and the United Kingdom's consumer inflation expectation figures.

The DAX gained 0.06% at 8:02 am CET, the FTSE 100 traded flat. The Euro Stoxx 50 fell 0.09% and the CAC 40 lost 0.11% a minute later.

The euro was up by 0.44% against the dollar at 8:03 am CET, selling for $1.05143. In comparison, the pound gained 0.55% to go for $1.21430 at the same time.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend

Gold currently $2169.86

Major stock market indexes in Europe traded mostly lower during Friday's premarket as investors analyzed the latest data regarding producer prices in the United States, which showed a growth of 0.6% in February, surpassing expectations.

Market participants also awaited the release of inflation reports from France, Italy, and the United Kingdom's consumer inflation expectation figures.

The DAX gained 0.06% at 8:02 am CET, the FTSE 100 traded flat. The Euro Stoxx 50 fell 0.09% and the CAC 40 lost 0.11% a minute later.

The euro was up by 0.44% against the dollar at 8:03 am CET, selling for $1.05143. In comparison, the pound gained 0.55% to go for $1.21430 at the same time.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend

Seasonally adjusted advance estimates of retail and food services sales in the United States observed a monthly increase of 0.6% to come in at $700.7 billion in February, the Census Bureau said in its preliminary report published on Thursday. The figure stood lower than analysts predicted for the reported period.

On an annual basis, retail and food services sales rose by 1.5% from February 2023.

Meanwhile, February's retail trade sales rose by 0.6% month-on-month or 0.8% year-on-year. On an annual level, nonstore retailers surged by 6.4%, and food services and drinking places climbed by 6.3%.

Baha Breaking News (BBN) / AC

*Nonstore retailers surged by 6.4%

The retail partnership, which also owns Waitrose supermarkets, reported a pre-tax annual profit of £56m compared with a £234m loss the year before.

Major European stock indexes traded mostly flat in the premarket session on Thursday as investors digested fresh reports on consumer prices in February from key economies such as Germany and the United States. During the day, Spain will release its confirmation for the CPI of the second month of the year while Switzerland and the US will reveal the update for producer prices, providing markets with more information on price developments across the industrial sector.

The DAX, the FTSE 100 and the CAC 40 were flat at 8:00 am CET while the Euro Stoxx 50 added 0.07%.

The euro lost by 0.09% against the dollar at 7:59 am CET, selling for $1.09379. Meanwhile, the pound traded flat against the US currency to go for $1.27943 simultaneously.

Baha Breaking News (BBN) / AC

*The Times: The economy is likely to have moved out of recession already, with official figures revealing that gross domestic product expanded by 0.2% in January.

Major European stock indexes traded mostly flat in the premarket session on Thursday as investors digested fresh reports on consumer prices in February from key economies such as Germany and the United States. During the day, Spain will release its confirmation for the CPI of the second month of the year while Switzerland and the US will reveal the update for producer prices, providing markets with more information on price developments across the industrial sector.

The DAX, the FTSE 100 and the CAC 40 were flat at 8:00 am CET while the Euro Stoxx 50 added 0.07%.

The euro lost by 0.09% against the dollar at 7:59 am CET, selling for $1.09379. Meanwhile, the pound traded flat against the US currency to go for $1.27943 simultaneously.

Baha Breaking News (BBN) / AC

Gold currently $2168.51

The prices of precious metals rose on Wednesday, with silver skyrocketing over 3% to reach its highest value since December 2023.

Despite inflation in the United States rising to 3.2% in February, the figure came in largely in line with market expectations. Investors seemingly remained hopeful that the Federal Reserve would start its monetary policy easing journey soon.

Silver soared 3.12% at 12:14 pm ET, selling at $24.89. A minute later, gold rose 0.60%, going for $2,171.34. At 12:15 pm ET, platinum jumped 1.51%, to $939.88, while palladium surged 4.01% to $1,051.76.

Baha Breaking News (BBN) / AY

Gold currently $2177.81

The shares of Inditex, the Spanish clothing company and owner of the renowned Zara brand, rose to an all-time high on the BME Spanish Exchange on Wednesday following the release of the brand's 2023 full-year results.

According to the report, Zara's sales grew by 10.4% to €35.9 billion for the year, "showing very satisfactory development both in stores and online. Sales were positive in all geographical areas and in all concepts." Additionally, Zara's revenue for 2023 increased by 30.3% to €5.4 billion.

Inditex's stocks were 6.13% at 1:17 pm CET, selling for €43.63 apiece.

Baha Breaking News (BBN) / RR

There’s a pile of trades for 1500 share buys straight one after the other.

https://www.lse.co.uk/ShareTrades.html?shareprice=BOO&share=Boohoo

Major European stock market indexes traded mixed in Wednesday's premarket in anticipation of the important data release. Investors awaited the United Kingdom's industrial production, trade balance, and GDP, as well as the Eurozone's industrial production reports.

At 8:01 am CET, the DAX gained 0.26%, while the pan-European Euro Stoxx 50 rose 0.21%. The CAC 40 and the FTSE 100 were both flat.

The euro and British pound were both flat against the dollar at 7:58 am CET, selling for $1.09277 and $1.27942 simultaneously.

Baha Breaking News (BBN) / DD

Happy hump y’al