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Earning season continues – IBM Q2 numbers are in
It is set to be another busy week over in the US with major companies, including Netlfix, Coca-Cola, Intel, Twitter, Snap and American Express set to release their earnings figures for the previous quarter. On Monday, International Business Machines Co. (IBM) released their latest figures after the closing bell. The US technology giant reported ...
Morgan Stanley Q2 earnings beat estimates
It has been a fairly busy week over in the US with some of the world’s biggest financial institutions reporting their earnings numbers for the previous quarter. On Thursday, it was Morgan Stanley’s turn to report their earnings for Q2. The company reported revenue of $14.8 billion in Q2 beating the $13.98 estimate. Earnings per share came in...
Up next – Bank of America, Citigroup and Wells Fargo report Q2 results
On Tuesday, JPMorgan and Goldman Sachs released their Q2 results before the US market open – both beating analyst expectations. Today, Bank of America, Citigroup and Wells Fargo & Co released their numbers for the previous quarter before the opening bell. Bank of America Bank of America reported a total revenue of $21.6 billion in Q2, s...
JPMorgan and Goldman Sachs Q2 numbers are in
JPMorgan and Goldman Sachs reported their Q2 earnings before the opening bell on Tuesday – both beating analyst forecasts. JP Morgan & Co JP Morgan reported total revenue of $31.4 billion in Q2, above analyst forecast of $29.90 billion. Earnings per share were reported at $3.78 vs. $3.21 estimate. ''JPMorgan Chase delivered solid per...
Equities see-saw as Fed spooks then calms the market, US Dollar surges
June was a rollercoaster ride for world markets with inflation concerns and the major Central banks' response to these driving big moves in FX, Equities, and commodities. Global Equities Major world indices mostly rallied in June with US indices the S&P 500 and NASDAQ finishing the month strongly to set new all-time highs. European and UK m...
Gold and equities rally as Cryptos crash and Dollar dips
After dipping early in the month as inflation fears resurfaced, markets bounced back to broadly rally, with US and United Kingdomn equity markets touching on all-time highs. Global Equities Major world indices rallied strongly in May. Gains were seen across the US, EU/UK, and Asia/pacific as central banks struck a mostly dovish tone and economic rec...
The “Aussie’s” outlook amid Diplomatic tensions with China
The Aussie dollar is on the rise again after the tumble taken after China decided to halt economic dialogues. Apart from becoming a commodity currency pair, United Kingdom offers investors visibility into the health of China's economy since China is United Kingdom's largest export client. If United Kingdom's exports to China are growing, it is fair to assume that...
Preview: Non-Farm Payroll Announcement
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 is the announcement important? Non-Farm Payroll is one of the most closely watched indicators. It is considered the mo...
Bond yields stabilise as US dollar dumps, equity markets hit all-time highs
April was a bumper month for world markets as major equity indexes across all regions rallied strongly. US markets smashed through all-time highs on strong corporate earnings, economic figures, and a supportive Central Bank. Global Equities Major world indices rallied broadly in April, with gains seen across the US, EU/UK and Asia. Source: B...
Up first – Tesla Q1 earnings numbers are in
It’s set to be busy one over in the United States this week with some of the world’s largest companies, including Apple, Microsoft, Facebook and Alphabet due to report their Q1 earnings. Up first – Tesla. World’s largest electric vehicle maker reported their results after the closing bell on Monday. Elon Musk’s Tesla reported total rev...
Intel reports Q1 earnings
Intel, the US technology giant reported its Q1 earnings after the closing bell on Thursday. The company reported revenue of $18.57 billion, above analyst forecast of $17.90 billion. Earnings per share were at $1.39, also beating analyst expectations of $1.15 per share. Intel’s data-centre group revenue fell by over 20% year-over-year to $5....
Netflix Q1 numbers are in
Netflix reported their Q1 earnings after the closing bell on Tuesday. The online streaming service reported total revenue of $7.16 billion in Q1 beating analyst forecast of $5.77 billion. Earnings per share were reported at $3.75 vs. $2.98 estimate. With both revenue and earnings per share higher than analysts' expectations, the new paid subs...
NIO and Sinopec partnership announced
Last week marked a significant milestone for NIO when it produced its 100,000th electric vehicle. The latest development also caught the eye of Tesla CEO Elon Musk, to which he responded: ''Congrats to NIO. That is a tough milestone.'' On Thursday, NIO officially confirmed its partnership with Sinopec – taking a major step forward in the compa...
JPMorgan and Goldman Sachs Q1 numbers are in
JPMorgan and Goldman Sachs reported their Q1 earnings before the opening bell on Wednesday – both beating analysts' forecasts. JP Morgan & Co JPMorgan reported a total revenue of $32.3 billion (up by 14.3% year-on-year) in Q1, above analysts' forecast of $30.52 billion. Earnings per share were reported at $4.50 vs. $3.05 estimate. Ja...
Stop the jab – Johnson & Johnson vaccine rollout paused
805,734,252 – that’s how many doses of the COVID-19 vaccine have been given globally so far as of the 12th April (from 185 locations), according to Our World in Data. Israel, Bahrain and Chile are leading the way with 54.7%, 24.7% and 24.6% of the population fully vaccinated. With more and more people getting the jab across the world, ...
