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 pm on Wednesday 8 July. The Treasurer...
The Great Lockdown and Grand Reopening The Great Lockdown in the first quarter followed by the Grand Reopening in the second quarter took the financial markets on a wild swing. Given the unprecedented nature of the various forms of lockdowns, globa...
A Cautious Fed FOMC Meeting Investors were eagerly looking forward to the Fed’s statement and forecasts for clues on how the Fed is viewing the health of the economy after easing lockdown measures. Global central banks have played a crucial part...
Global central banks have been a crucial part in providing aid and support to the global economy during the coronavirus pandemic. Faced with an unprecedented crisis, central bankers have rapidly deployed various monetary tools to keep credit flowi...
In the month of May, major currencies were stronger against the US dollar as risk sentiment improved and haven currencies like the US dollar, the Yen and Swiss franc have lost momentum. Commodity-linked currencies were among the best performers ag...
EU Recovery Fund After a standoff between the EU and Germany, following a critical ruling on ECB’s quantitative easing program by Germany’s constitutional court, the gradual reopening of economies of member states within the Eurozone has broug...
The United Kingdomn share market struggled to edge higher despite overnight gains on Wall Street. The S&P/ASX200 dropped on the open after a two-day advance as all three US equity benchmarks had pared gains in the final hours of trading dragged by ...
Tyson Foods & Skyworks Earnings Reports Tyson Foods and Skyworks are among the two major earnings results released on Monday. The meat processor reported its quarterly results before the open while Skyworks Solutions issued its reports after ma...
During the week, several leading companies within the Media, Entertainment and Food industry are expected to release their quarterly earnings together with their guidance on navigating a pandemic-induced business environment. Monday Tyson Foods Ty...
Apple Inc. and Amazon.com, Inc The last two of the five most prominent technology companies, Apple Inc. (AAPL) and Amazon (AMZN), which form part of the FAANG group, have reported interesting quarterly earnings and highlighted their actions during...
A Summary of Major US Earnings Reports This Week It will be one of the busiest weeks of the earnings season with some of the most valuable companies reporting their quarterly earnings. The remaining of the FAANG group will also release their corpor...
A Summary of Major US Earnings Reports IBM, Netflix Inc, Snap AT&T, and Intel Corp were among the major large-cap corporations reporting earnings.Even though the pandemic is expected to portrait a dire outlook, earnings results are much awaited...
On 8 March 2020, Saudi Arabia initiated an oil price war with Russia, triggering a rout in the oil market at a time where the world is facing a pandemic and many countries forced to shut down their activities and borders. Crude oil prices have los...
The first quarter of 2020 was marred by unpredicted events that rattled the financial markets: Tensions between US and Iran; The extreme weather conditions across the globe as a result of climate change; The novel coronavirus; and An oil ...
The Perfect Storm Brewing in the Oil Market The oil and gas industry has been undergoing significant challenges due to the structural shift within the industry. A pandemic-induced economic downturn and an oil price war have now added another layer ...