Economic Updates

Economic Updates

Facebook Q2 numbers top expectations

The world's sixth-largest company, Facebook, reported its latest financial results for the second quarter after the closing bell on Wednesday – beating Wall Street expectations. The company reported total revenue of $29.08 billion (56% increase year-on-year) in the previous quarter, beating analyst forecasts of $27.89 billion. Earnings per sha...

July 29, 2021
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Tesla reports positively charged Q2 results

This week is set to be another busy one in the United States with some of the world’s largest companies including Apple, Microsoft, Alphabet and Facebook set to release Q2 financial results. First up, it’s Tesla: the world’s largest electric vehicle maker reported their Q2 numbers after Monday’s closing bell. Tesla posted solid numbers i...

July 27, 2021
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Coca-Cola, Johnson & Johnson and Verizon Q2 results are in

The earnings season in the US is heating up. On Wednesday – Coca-Cola, Johnson & Johnson and Verizon reported their Q2 earnings before the market open. Let’s take a closer look at the numbers. Coca-Cola The Coca-Cola company posted solid numbers in the second quarter of the year, beating analyst forecasts. The total revenue came in at...

July 22, 2021
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Netflix & earnings – Q2 numbers released

Netflix reported their Q2 earnings after the closing bell on Tuesday. The online streaming service reported total revenue of $7.34 billion in the previous quarter, narrowly beating analyst forecast of $7.32 billion. Earnings per share were reported below analyst forecast at $2.97 per share vs. $3.16 expected. Global paid net subscriber additi...

July 21, 2021
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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 ...

July 20, 2021
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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...

July 16, 2021
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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...

July 15, 2021
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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...

July 14, 2021
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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...

June 30, 2021
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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 Australian 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...

May 31, 2021
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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, Australia offers investors visibility into the health of China's economy since China is Australia's largest export client. If Australia's exports to China are growing, it is fair to assume that...

May 11, 2021
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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...

April 30, 2021
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Rotation from growth to value stocks accelerates, bond yields continue to rise

March has been an interesting month in global markets. Everything from shipwrecks to a blown-up hedge fund to a continued rise in US bond yields has had investors scrambling to position themselves. Global Equities Major world indices were mostly positive with the Dow Jones and S&P 500 hitting all-time highs in the US and the DAX doing the s...

March 31, 2021
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Up next: Bank of England rate decision

With Bank of Canada and the Fed interest rate announcements wrapped up, it’s time for Bank of England to announce their decision whether to increase, decrease or leave the interest rate unchanged. The decision is set to be announced at 12:00 PM London time on Thursday. About Interest Rates Interest rates are set by Bank of England’...

March 18, 2021
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Up next: the Bank of Canada rate decision

One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 PM London time on Wednesday. Why is the announcement important? A bank interest rate is the rate at which a country's central bank lends money to local banks. The interest rate is charged b...

March 10, 2021
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