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Volatile US session as risk assets decline on a Fed “re-pivot” and US-China tensions
US equities had a volatile and ultimately negative session as an early rally faded dramatically on the back as a combination of hawkish Fed member comments and geopolitical tensions saw risk assets take a dive. It was a classic risk off session th...
PayPal Q2 earnings results are here
PayPal Holding Inc. (PYPL) announced its latest financial results after the closing bell in the US on Tuesday. The US financial technology company reported revenue of $6.8 billion in Q2, topping Wall Street estimate of $6.778 billion. Earnings ...
Reserve Bank of United Kingdom hikes Cash Rate by 0.50%
The Reserve Bank of United Kingdom, (RBA) has increased the Country’s cash rate by half a percent to combat the rising inflation in its latest cash rate change. The increase was in line with most analyst’s expectations as the RBA c...
NIO latest delivery numbers announced – the stock is up
NIO Inc. (NIO) reported its latest delivery numbers for July on Monday. The Chinese electric vehicle company delivered 10,052 cars last month – an increase of 26.7% year-over-year. The deliveries in July consisted of: 7,579 premium smart...
RBA preview – likely 50bp hike incoming
Todays RBA policy meeting is expected by most analysts to result in a 50bp hike as the bank tries to play catch up and get on top of elevated inflation figures. The slightly lower Q2 CPI figures released last week has seen futures mark...
The week ahead – Central banks, NFP star in a busy calendar, will bad news be good news?
Market sentiment continued to improve in the past week with equity markets rallying as traders pared back on bets on the extent of the Federal Reserves rate hike path. Corporate earnings also buoyed the markets with the likes of Amazon and Apple havi...
ExxonMobil exceeds analyst estimates for Q2 – the stock gains
ExxonMobil Corporation (XOM) reported its second quarter financial results before the opening bell on Wall Street on Friday. The oil and gas giant topped Wall Street expectations for the second quarter of 2022. The company reported revenue of $...
US dollar drops as the economy shrinks by 0.9% for the last quarter.
US economic data revealed last night shows that the country’s GDP has shrunk by 0.9%, although some are remaining positive that a recession may still be avoided. Despite the worrying figures, Federal Reserve Chair, Jerome Powell, outlined his belie...
Mastercard beats Wall Street expectations
Mastercard Incorporated (MA) reported its latest financial results before the opening bell on Wall Street on Thursday. The US financial services company reported revenue of $5.497 billion in Q2, beating analyst estimate of $5.267 billion...
Pfizer tops estimates for Q2
Pfizer Inc. (PFE) reported its Q2 financial results before the market open in the US on Thursday. World’s third largest pharmaceutical company topped both revenue and earnings per share estimates for the quarter. The company reported revenue ...
Equities, gold, crypto and oil soar, Dollar dumps as Powell tilts dovish
As expected, the Federal reserve hiked rates 75bp on Wednesday as the Fed battles to control record inflation whilst attempting to avoid a deep recession. Markets were relatively behaving as expected on the decision and statement up until the Fed cha...
Meta earnings results are in – the stock falls in the after-hours
Meta Platforms (META) announced its Q2 financial results after the closing bell in the US on Wednesday. The social media giant fell short of analyst expectations for the quarter. Revenue reported at $28.822 billion in Q2 (down by 1% year-over-y...
Wall St tumbles on recession fears, the Fed in focus
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 lar...
Tech and Bitcoin drop, Oil and Gas jump in mixed US session
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...
The Week Ahead – The FOMC, inflation and growth all in the spotlight
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 ...
