Open CFD account Free Demo
Call: +248 4 671 903 Mail: [email protected]
Log In Open Account
Log In Open Account
Log In Open Account

Economic Updates

Open Account

Economic Updates

Open Account
Tesla delivers in Q2

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...

July 21, 2022
Read More >
US equities rally despite European pessimism , BOJ, ECB preview

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...

July 21, 2022
Read More >
Netflix results announced – the stock is up

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...

July 20, 2022
Read More >
Johnson & Johnson results beat estimates

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 ...

July 20, 2022
Read More >
Sour Apple wrecks tech as recession fears see USD soften

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...

July 19, 2022
Read More >
Wells Fargo Q2 results are here

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...

July 18, 2022
Read More >
The Week Ahead – Central banks in focus, can the ECB or BOJ surprise?

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...

July 18, 2022
Read More >
Citigroup beats estimates for Q2 – the stock price jumps

Citigroup Inc. (C) reported its latest financial results before the market open in the US on Friday, surpassing analyst expectations. The US investment banking company reported revenue of $19.638 billion for the second quarter vs. $18.352 billion estimate. Earnings per share reported at $2.19 per share for the quarter vs. $1.68 per share expe...

July 16, 2022
Read More >
Morgan Stanley results announced

Morgan Stanley (MS) reported its latest financial results for the second quarter before the market open in the US on Thursday. The US financial services company reported revenue of $13.132 billion in Q2 which did not meet analyst forecast of $13.386 billion. Earnings per share also missed expectations at $1.44 per share vs. $1.56 per share es...

July 15, 2022
Read More >
JPMorgan falls short in Q2

JPMorgan Chase & Co. (JPM) reported its latest financial results for Q2 before the opening bell on Wall Street on Thursday. World’s largest bank reported revenue of $30.715 billion, falling short of analyst estimate of $31.806 billion. Earnings per share reported at $2.76 per share vs. $2.89 per share expected. CEO of JPMorgan, Jamie...

July 15, 2022
Read More >
Australian employment figures see a big beat as unemployment hits an historical low

Australian employment figures saw 88,000 new jobs created in June, a huge beat of the expected 30k analysts had forecast. The unemployment rate also dropped to a level not seen since 1974 , coming in at 3.5% , well below the forecasted 3.8%.   With the number of unemployed now almost level with job vacancies the figures today showed how ...

July 14, 2022
Read More >
Market Update – The week ahead

Equity Indices saw some positive price action over the last week. The US continued to rally, albeit with a sense of unsurety. The S&P 500 finished Friday in a flat session as it saw close to a 4% rise for the week. The NASDAQ and the Dow Jones both followed similar patterns as the market determines its next course of action. From a technical pe...

July 11, 2022
Read More >
The ‘R’ Word

In recent weeks fears of a recession have gripped the market. With record high inflation levels and growth slowing down, is the perfect storm about to hit or will the markets be spared? Recessions are when there is negative growth for two consecutive quarters across the economy. Recession has often hit at times with high global uncertainty includin...

July 8, 2022
Read More >
Are we at risk of ‘Stagflation’?

The world economy is grappling with inflation that is surging out of control. Inflation rates have surged to decade highs across multiple countries. Central banks across the globe have been doing their best to reduce growth by raising interest rates. “The World economy is in danger,” World Bank president David Malpass wrote in a report. High in...

June 10, 2022
Read More >
Pressure builds on the Construction Industry

The construction industry, which is a major cog in the Australian economy, could be under threat from external pressures. Inflationary pressures have pushed up costs these increases are beginning to take their toll on sector. Specifically higher Labour and materials costs have increased pressure on the margins of the large construction companies. F...

June 3, 2022
Read More >