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Greg Michalowski

Canada September CPI 6.9% YoY vs. 6.8% estimate

Prior 7.0%CPI MoM 0.1% vs. 0.0% expectedCPI year on year rose 6.9%. This was the 3rd consecutive monthly decline in the headline inflation. Gasoline prices are mostly responsible for the deceleration. Higher food...

Apple cuts iPhone 14+ production less than 2 weeks after debut

Apple is cut in production of its iPhone 14+ less than 2 weeks after its debut. This according to 2 people involved in the company's supply chain.The news has seen a reversal in...

Fed discount rate minutes: 9 of 12 Fed bank boards sought 75 BP discount rate rise in Sept

Federal Reserve discount rate minutes for the month of September 9 of 12 Fed backboards sought 75 basis point discount rate...

Ukraine: A news blackout is underway in southern Ukraine

A news blackout is underway in southern Ukraine which means "something big is going on". THis is according to Sky News.They add that:Russia's targeting energy infrastructuresUkraine president Zelenskyy says it's country is "under...

European indices close with gains on the day

<p>The major European indices are closing near low levels for the day, but still higher on the day. The gains were led by the German DAX which rose 0.92%.</p><p>A look at the closing...

S&P backs off of its high levels.Rally stalls ahead of its falling 200 hour moving average

The S&P index moved above its 100 hour moving average yesterday. That moving average (blue line in the chart above) comes in at 3666.77. The index moved above the moving average in the...

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