The Australian Consumer data was released today with Consumer Price Index rising to 6.1% over the past 12 months. For the quarter, the CPI rose by 1.8% which was 0.1% lower then what analysts expected the figure to be. This was also lower then the 2.1% jump seen in the previous March quarter. The most significant contributors to the increase were n...
Microsoft Corporation reported its fiscal fourth-quarter financial results after the closing bell on Wall Street on Tuesday, missing analyst estimates for the quarter. The company reported revenue of $51.9 billion (up by 12% year-over-year) vs. $52.384 billion expected. Earnings per share reported at $2.23 per share (up by 3% year-over-year) ...
The Coca-Cola Company (KO) reported its latest financial results for the second quarter before the opening bell in the US on Tuesday, beating Wall Street expectations for the quarter. World’s largest beverage producer reported revenue of $11.325 billion (up by 12% year-over- year) vs. $10.565 billion expected. Earnings per share reported at...
US equities sold off throughout the session in risk-off trading with a backdrop of corporate warnings from heavyweights Walmart (WMT) and McDonalds (MCD) , weak economic figures and a downbeat tone from Europe as their gas squeeze continues. A larger than expected decline in U.S consumer confidence, down for a third straight month, saw the narra...
US stocks were mixed in a quiet session, the Dow and S&P 500 eked out small gains whilst against a backdrop of a the Federal Reserve meeting on Wednesday, the Tech heavy Nasdaq saw a modest decline. With a news quiet Monday behind us, there is a full calendar ahead with a slew of corporate earnings and of course the big one, the FOMC policy ...
After a turn around in equity markets last week, where the S&P 500 was up over 2%, The Federal reserve will take centre stage this week along with a slew of inflation and growth figures coming out of developed economies looking to set the market tone. It’s a big week ahead for the US with the July FOMC meeting being the highlight, but also...
Tech stocks led US equities higher overnight, the Nasdaq rallied 1.3% making it three up sessions on the trot, led by tech heavyweights Amazon (AMZN) and a blockbuster session from Tesla (TSLA) which finished up almost 10% after a positive earnings report. Weak US figures saw a drop in Treasury yields as rate hike expectations took a d...
Philip Morris International Inc. (PM) reported its second quarter financial results before the market open on Wall Street on Thursday. World's largest tobacco company reported revenue of $7.832 billion in Q2 vs. $6.711 billion expected. Earnings per share reported at $1.48 per share, also beating analyst estimate of $1.25 per share. "First...
Tesla Inc. (TSLA) announced its latest financial results after the market close on Wall Street on Wednesday. World’s largest automaker reported solid results for Q2 of 2022. Revenue reported at $16.934 billion vs. $16.539 billion expected. Earnings per share also exceeded Wall Street expectations at $2.27 per share vs. $1.81 per share es...
The short squeeze continued in the US overnight as equites were well bid during the cash session seeing a second straight rise as slowly improving investor sentiment seeing the S&P 500 close up 23 points or 0.6%. In Europe, things were not so rosy , with political issues in Italy and fears of Russian gas being curtailed after the Nord Stream...
Netflix Inc. (NFLX) reported its Q2 results after the closing bell in the US on Tuesday. The online streaming service company reported fairly positive results for the quarter, sending the stock price higher in the after-hours trading. The company reported revenue of $7.97 billion in Q2, narrowly missing analyst estimate of $8.026 billion. Ear...
Johnson & Johnson (JNJ) reported its latest financial results for the second quarter before the opening bell in the US on Tuesday. The US pharmaceutical and consumer goods company reported revenue that topped the Wall Street expectations at $24.02 billion (up 3% year-over-year) vs. $23.771 billion expected. Earnings per share reported at ...
US stocks took a sharp dive at the end of their session with the Nasdaq swinging from +1.5% to -1% on the day, the move lower conincided with a report on the newswires the Apple plans to slow hiring and curb spending next year to prepare for a possible recession. This is being taken as a sign that the Federal Reserve’s tightening plans are sta...
Wells Fargo & Co. (WFC) announced its Q2 financial results before the opening bell on Wall Street on Friday. The US financial services company missed analyst expectations for the quarter. Revenue was reported at $17.028 billion for Q2 vs. $17.479 billion expected. Earnings per share at $0.74 per share vs. $0.80 per share estimated. ''W...
Friday’s session saw a big rally in US equities as rate markets pared back some the pricing in of a 100bp hike at the next FOMC meeting after the red hot CPI figures on Wednesday. Fed hawks Waller and Bullard both hinted they favour a 75bp hike, and with the Fed blackout meeting now in effect until the meeting on July 27, this looks like a don...