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
Russia and Ukraine’s Crisis: Brent and Crude Oil Price action

In the midst of the Russian, Ukraine crisis, there are huge ramifications that affect us all in the global market. Energy is a critically important export. Russian oil and gas exports make up a fifth of Russia's economy and half of its earnings from exports. The country is the European Union's biggest oil trading partner, according to the lates...

March 2, 2022
Read More >
NIO’s February delivery numbers are in

NIO Inc. (NIO) reported its latest delivery numbers for February on Tuesday. The Chinese electric vehicle company delivered 6,131 cars last month – an increase of 9.9% year-over-year. The deliveries in February consisted of: 1,084 ES8s – the company’s six-seater or seven-seater flagship premium smart electric SUV 3,309 ES6s – ...

March 2, 2022
Read More >
Salesforce tops estimates

Salesforce.com Inc. (CRM) reported its fourth-quarter earnings results after the closing bell over Wall Street today – surpassing analyst expectations. World’s leading customer relationship management (CRM) company reported revenue of $7.326 billion (an increase of 26% year-over-year) vs. $7.242 billion expected. Earnings per share report...

March 2, 2022
Read More >
Zoom exceeds Wall Street expectations for Q4

Zoom Video Communications Inc. (ZM) reported its fourth-quarter 2021 financial results after the closing bell over in the US on Monday. The US based company, which offers a cloud-based video conferencing service reported total revenue of $1.071 billion (up by 21% year-over-year), which was above analyst estimate of $1.054 billion. Earnings pe...

March 1, 2022
Read More >
Russia takes a hit

Last week, Russia took a step that not many people thought it would take – they invaded Ukraine. Even though the tensions have been building in the region since the annexation of Crimea in February 2014, not many people thought Vladimir Putin would take the step to invade a sovereign nation. Five days on from the start of the invasion, we have...

March 1, 2022
Read More >
GOLD and how it moves in times of crisis

For years, gold has been considered a store of value. As a physical commodity, it cannot be printed like money, and its value is not impacted by interest rate decisions made by a government. Because gold has historically maintained its value over time, it serves as a form of insurance against adverse economic events. When an adverse event occur...

February 25, 2022
Read More >
Moderna gets a boost

Moderna Inc. (MRNA) reported it latest financial numbers before the opening bell in the US on Thursday. The pharmaceutical company reported results that beat Wall Street estimates, sending the stock price higher on the day. Total revenue reported at $7.211 billion in the fourth quarter vs. $6.798 billion expected. Earnings per share at $11...

February 25, 2022
Read More >
Below expectations – Beyond Meat falls short in Q4

Beyond Meat Inc. reported their latest financial results for Q4 2021 after the closing bell on Wall Street today. The US plant-based meat substitute producer company fell short of analyst expectations for the last quarter, sending the stock price lower in the after-market hours. The company reported revenue of $100.678 million in Q4 (decrease...

February 25, 2022
Read More >
Ukraine Conflict Causes Moves To Safety

As geopolitical tensions continue to escalate in Ukraine following news of a full-scale Russian invasion, we are starting to see evidence of fear and heightened uncertainty enter financial markets across the globe. The driving force of instability is the unknown impact of these latest events in Europe and the potential economic, political, and soci...

February 25, 2022
Read More >
eBay beats Wall Street estimates in Q4

US e-commerce company eBay Inc. reported its Q4 2021 financial results after the closing bell on Wall Street on Wednesday. The company reported revenue of $2.613 billion, narrowly beating analyst forecast of $2.603 billion. Earnings per share also beat analyst expectations at $1.05 per share vs. $0.99 per share expected. eBay also announce...

February 24, 2022
Read More >
Tabcorp’s mixed results are in

Tabcorp is Australia’s largest gambling company. They operate three market leading businesses: Lotteries and Keno, Wagering and Media and Gaming Services. They currently employ more than 5,000 people. Like many companies, Tabcorp has fears that rising inflation can potentially negatively affect revenue, as higher cost of living can lead to a r...

February 24, 2022
Read More >
Origin brings forward the closure of Australia’s largest coal plant

Origin Energy is a major integrated electricity generator, and electricity and natural gas retailer. It operates Australia’s largest coal-fired power station at Eraring, Lake Macquarie, New South Wales, with their headquarters in Sydney. Origin originally had plans to close down its only coal-fired power plant in 2032. However, they have recen...

February 24, 2022
Read More >
Woodside’s surprising start to 2022

All prices in this article will be in USD unless otherwise stated. Woodside Petroleum Ltd is an Australian petroleum exploration and production company. Woodside is the operator of oil and gas production and is Australia's largest independent dedicated oil and gas company. Woodside Petroleum shareholders will be able to share in the energy pr...

February 23, 2022
Read More >
Home Depot tops expectations

Home Depot Inc. reported its fourth quarter earnings results before the opening bell in the US today. The world’s largest home improvement retailer reported total revenue of $35.719 billion for the quarter, beating analyst forecasts of $34.88 billion. Earnings per share was also slightly above analyst estimate at $3.21 per share vs. $3.18 p...

February 23, 2022
Read More >
Deere & Co. results are in

Deere & Co. (DE) reported its fiscal first quarter financial results for the quarter ended January 30, 2022, before the opening bell on Friday. The American manufacturer of farm machinery and industrial equipment reported revenue of $8.531 billion in the first quarter vs. $8.276 billion expected. Earnings per share at $2.92 vs. $2.27 per ...

February 21, 2022
Read More >