Economic Updates
Preview: Non-Farm Payroll Announcement
By Klavs Valters It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why i...
Read MoreNIO August delivery numbers are in
By Klavs Valters NIO reported its latest delivery numbers for last month before the opening bell on Wednesday. The ''Chinese Tesla'' delivered a total of 5,880 vehicles in August – a 48.3% year-on-year increase. About NIO NIO is a Chinese ...
Read MoreZoom beats Q2 expectations
By Klavs Valters Zoom reported its second quarter financial numbers after the market close on Monday. The video-calling software company reported total revenue of $1.02 billion in Q2 (up by 54% year-over-year) vs $991 million expected. It was t...
Read MoreXPeng tops earnings expectations for Q2
By Klavs Valters XPeng reported its Q2 financial results before the opening bell on Thursday, beating analyst expectations. Let’s take a closer look at the numbers. The company reported total revenue of $582.50 million in the second quarter, ...
Read MoreSalesforce Q2 numbers are in
By Klavs Valters Salesforce released its latest earnings numbers for Q2 after the closing bell on Wednesday. The cloud-based software company reported total revenue of $6.34 billion in the second quarter of the year, beating analyst forecast of...
Read MoreEuropean and US markets hit all time highs, Bitcoin breaks out, the Dollar slides
By Lachlan Meakin Equity markets US stocks jumped overnight to reach record levels as stronger than expected print on retail sales and a sharp improvement in the number of new jobless claims cheered the investors. Source: Yahoo Finance US...
Read MoreSee-sawing equity markets, US Dollar strength and stimulus hopes
By Lachlan Meakin Equity markets Global markets see-sawed from record high to steep declines on an eventful month that saw a new US administration sworn in, promises of record stimulus in the US and the FOMC spoiling the party somewhat. Global equ...
Read MoreSeptember: A Typical Scary Month for Investors
By Deepta Bolaky @DeeptaGOMarkets Poor Month for Markets Investors are generally apprehensive of the month of September as on average it is marked as the worst month for the stock market. After a staggering rally in August driven by broad-based ...
Read MoreJackson Hole Symposium: Markets Bracing for More Volatility
By Deepta Bolaky @DeeptaGOMarkets The annual Jackson Hole Economic Symposium rarely goes unnoticed as is an exclusive central bank conference which fosters open discussions about global policy matters. The economic event is sponsored by the Fed...
Read MoreUS Elections: COVID-19, Policies and Markets
By Deepta Bolaky @DeeptaGOMarkets The Political Event of the Year 2020 The most-waited political event of the year is fast approaching: the US elections will take place on the 3rd of November. The nominees of the two main political parties - Rep...
Read MoreTesla and Microsoft Corporate Earnings Results
By Deepta Bolaky @DeeptaGOMarkets Microsoft and Tesla, the two leaders in their respective industries reported their quarterly earnings results on Wednesday after the market closed. Both tech companies reported earnings exceeding expectations b...
Read MoreComing Up This Week: Big Banks and Netflix
By Deepta Bolaky @DeeptaGOMarkets The earnings season will kickstart with big banks like JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and tech stock like Netflix. Investors are probably bracing themse...
Read MoreMelbourne Lockdown: Local Investors Mull Worsening Economic Outlook
By Deepta Bolaky @DeeptaGOMarkets Following the highest number of coronavirus cases in a single day, the Premier of Victoria, Daniel Andrews reinstated “Stay at Home” restrictions across metropolitan Melbourne and Mitchell Shire from 11:59 ...
Read MoreRBA: “QE is not on our Agenda!”
By Deepta Bolaky @DeeptaGOMarkets This year’s Annual Dinner of the Australian Business Economists was probably the most important event before the year ends. In a year that saw the RBA cutting interest rates three times, the speech around...
Read MoreIs Germany on the Brink of a Technical Recession?
By Deepta Bolaky @DeeptaGOMarkets Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession. Such recession arises after two consecutive...
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