Day: October 7, 2024

Last Friday’s US economic data showed a big beat across the board. Nonfarm Payrolls beat all expectations at 254K, Unemployed dropped to 4.1% and average hourly earnings came in at 4.0% YoY. So, is everything rosy in the US economy? If yes, why is the Federal Reserve cutting rates?

Let’s take things from the beginning. The Fed but 50bps in the last meeting, when most economic data suggested that there was no need at all:

• GDP growth QoQ is averaging around 3%.
• Unemployment is in the low 4% area.
• Inflation has been dropping but still well above the 2% target.

Perhaps the Fed is forecasting an upturn in unemployment and a further fall in inflation & GDP, and they – uncharacteristically – are trying to be proactive rather than reactive. It’s likely that their main concern is unemployment, as they consider the inflation issue “resolved” now.

Headline employment numbers might look good on paper, but what happens when we dig deeper into the details? The picture is certainly less rosy:

• The vast majority of job gains was in government and healthcare, while the private sector jobs were stagnant.
• Many of the job gains are attributed to immigrants, rather than native US citizens.
• The number of individuals holding multiple jobs hit new all-time highs. Is this because people love taking more jobs in order to earn more money, or is it due to necessity in order to make ends meet? My guess is the latter.
• We also need to remember that these numbers get heavily revised (usually to the downside), with the last revision being over 800k lower.

Politicians keep “reminding” people that the US economy is in great shape, but what’s really driving it? Both the government and individuals are loading up on record debt – the US Debt/GDP has soared to 120% and credit card debt has hit new all-time highs.

So, what’s my takeaway from all this, at least in the short to medium term?

• I think that the underlying condition of the US economy is worse than the headline numbers suggest.
• The Fed may need to ease more than markets expect, bringing yields lower. This is a much-needed outcome for the government, whose interest expense is growing at an alarming rate (currently above 1/3 of total tax receipts). There is still strong demand for US treasuries and of course the Fed is ready to help in case more buying firepower is needed.
• Low yields bring support to equities and with the US elections only weeks away, the government will want to do everything in its power to avoid a downturn.
• None of the two presidential candidates (Trump and Harris) even mentioned the spiraling debt problem, suggesting that they will do nothing to address it. A Trump win will be theoretically good for the US Dollar, while a Harris presidency will likely mean much looser monetary & fiscal policies.

I think that yields and the USD will eventually move to higher levels, but for the next few weeks and months the most likely scenario is a continuation lower.

The 10y UST yield has recently bounced from its 3.60% lows and it could well continue towards the 50% Fibonacci retracement and 200DMA that comes in at around 4.17%; however, I think that the 3.25%-3.35% support zone will be retested.

The DXY index is also rebounding and could continue towards the 23.6% Fibonacci retracement at 103.16, but it’s quite probable that it will then resume its move lower towards the 99.50 lows.

I am not in the camp of those who are calling for a US debt default or a change in the world’s reserve currency. I believe that the US will eventually regain its former glory via better fiscal and economic policies – however, the path in the next weeks and months will be a very difficult one.

Stelios Contogoulas

Forex Analytix

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Wilmington, Delaware , Oct. 07, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Graphene Market by Type (Mono-layer & Bi-layer Graphene and Few Layer Graphene (FLG), Graphene Oxide (GO), Graphene Nano Platelets (GNP)), and Application (Electronics, Composites, Energy storage, Paint, Coatings & Inks, Tires and Others): Global Opportunity Analysis and Industry Forecast, 2024-2028″. According to the report, the graphene market was valued at $0.3 billion in 2023, and is estimated to reach $1.4 billion by 2028, growing at a CAGR of 34.6% from 2024 to 2028. 

Prime determinants of growth 

The global graphene market is experiencing growth due to several factors such as rise in use in electronics and electrical gadgets and environmental and sustainability benefits. However, high material cost and scalability challenges hinder the market growth. Moreover, advancements in production techniques present growth opportunities for the market. Advancements in functionalization techniques have unlocked new possibilities for graphene’s integration into diverse applications. Functionalization allows researchers to tailor graphene’s properties to suit specific requirements, enhancing its compatibility with various materials and processes. Functionalized graphene derivatives exhibit improved dispersion, stability, and compatibility, enabling seamless integration into composites, coatings, and electronic devices. 

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Report coverage & details: 

Graphene nano platelets (GNP) segment maintains its dominance by 2028 

By type, the graphene nano platelets (GNP) segment held the highest market share in 2023 and is estimated to maintain its leadership status during the forecast period. GNPs’ large surface area and high aspect ratio contribute to their exceptional electrical and thermal conductivity. These properties make GNPs attractive candidates for enhancing the performance of electronic devices, batteries, and thermal management systems. By incorporating GNPs into conductive inks, coatings, and composites, manufacturers achieve higher conductivity, lower resistance, and improved heat dissipation, thereby enhancing the efficiency and reliability of electronic and thermal systems. 

Energy storage segment is expected to lead the trail by 2028 

Based on application, the energy storage segment held the highest market share in 2023 and is estimated to dominate during the forecast period. Graphene’s mechanical strength and flexibility play a crucial role in energy storage applications. By incorporating graphene into battery electrodes and electrolytes, researchers improve the mechanical stability and durability of energy storage devices, leading to longer lifespan and enhanced safety. Moreover, graphene’s flexibility allows for the development of bendable and stretchable energy storage solutions creates new possibilities for integration into wearable electronics and flexible displays. 

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Asia-Pacific is expected to dominate the market during the forecast period 

Based on region, Asia-Pacific was the fastest growing region in terms of revenue in 2023. Asia-Pacific electronics industry serves as a major catalyst for graphene adoption. As the world’s largest consumer electronics market, the region’s demand for smaller, faster, and more energy-efficient devices creates a compelling case for integrating graphene into electronic components. Graphene’s exceptional electrical conductivity, mechanical flexibility, and thermal stability make it an ideal candidate for enhancing the performance of semiconductors, batteries, displays, and sensors, thus driving innovation and differentiation in the electronics sector. 

Leading Market Players: 

• Applied Graphene Materials 

• CVD Equipment Corporation 

• NANOTEK INSTRUMENTS INC 

• Vorbeck Materials Corp. 

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The report provides a detailed analysis of these key players in the global graphene market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

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Wilmington, Delaware , Oct. 07, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Breast Cancer Screening Market by Test Type (Blood Marker Test, Genetic Test, Imaging Test and Immunohistochemistry Test), by Gender (Male and Female), and End User (Specialty Clinics, Hospitals, Diagnostic Centers and Other): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the breast cancer screening market was valued at $2.9 billion in 2023, and is estimated to reach $6.7 billion by 2033, growing at a CAGR of 8.7% from 2024 to 2033. 

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Prime Determinants of Growth 

The breast cancer screening market is primarily driven by the increasing prevalence of breast cancer, rise in awareness about the early diagnosis of breast cancer, and technological advancement in screening technologies. Rising incidences of breast cancer globally have heightened the demand for screening services. With breast cancer being one of the most prevalent cancers among women worldwide, healthcare systems are under pressure to expand screening programs to meet diagnostic needs effectively. In addition, increasing awareness among women about the importance of early detection plays a crucial role. Public health campaigns and initiatives by healthcare organizations globally have raised awareness levels, encouraging more women to undergo regular screening tests. Furthermore, advancements in screening technologies have significantly enhanced detection accuracy and efficiency. Innovations such as digital mammography, 3D tomosynthesis, and MRI screening offer improved sensitivity, reducing false negatives and enhancing early detection rates. 

Report Coverage & Details 

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Segment Highlights 

The imaging test segment dominated market share in 2023 

By test type, imaging test segment dominated the market share in 2023. This is attributed to the advancements in imaging technologies, such as digital mammography, ultrasound, and magnetic resonance imaging (MRI), which have significantly enhanced the accuracy and reliability of detecting breast abnormalities. In addition, the rising awareness among women about the importance of regular breast cancer screening has driven an increase in demand for these imaging tests. 

The female segment dominated the market share in 2023 

By gender, female segment dominated the market share in 2023. This is attributed to the fact that breast cancer predominantly affects women. Furthermore, there has been a growing emphasis on early detection and prevention among women, supported by widespread awareness campaigns and healthcare initiatives. 

Hospital segment dominated market share in 2023 

By end user, hospital segment dominated the market share in 2023. This is attributed to the fact that hospitals typically serve as primary points of contact for patients seeking comprehensive medical care, including diagnostic screenings like mammograms and ultrasound examinations. This centralized role allows hospitals to integrate breast cancer screening seamlessly into routine check-ups or specialized clinics, thereby increasing accessibility for patients. 

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Regional Outlook 

North America holds a dominant position in the market, attributed to high prevalence of breast cancer, strong presence of major key players and well-established healthcare infrastructure. However, Asia-Pacific region is expected to register the highest CAGR in the forecast period. This is attributed to expanding healthcare infrastructure, rising healthcare expenditure in countries like China, India, and Japan, and rise in prevalence of breast cancer. 

Key Players 

• Siemens Healthineers AG 

• Metabolomic Technologies Inc 

• Biocrates Lifesciences AG 

• Provista Diagnostics Inc 

• F. Hoffmann-La Roche AG 

The report provides a detailed analysis of these key players in the global breast cancer screening market. These players have adopted different strategies such as product development to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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Recent Development 

In May 2022, VolparaHealth introduced updated products for its integrated platform to deliver personalized breast care at the SBI/ACR Breast Imaging Symposium 2022. Volpara’s AI-driven breast software tools improve mammography quality and reporting, volumetric breast density measurements, and cancer risk assessment 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.  

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