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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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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
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Market jumps on the back of weak USD and better then expected earnings

The US stock market saw one of its best days in months, as speculation swirled that the 'bottom' may be in. The indices gained their momentum from better-than-expected earnings and a weakening of the USD, with the USDX dropping to $106.58. With more earnings still to come better than expected results may see the S&P500 and markets break out of ...

July 20, 2022
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Reserve Bank of Australia releases its minutes from the July meeting

The Australian dollar has begun the week relatively strongly after gaining some momentum from RBA's most recent meeting. The board pushed across quite a hawkish sentiment sparking the rise in the AUD. They found that the current slowing growth across the market and global sphere created that was “becoming skewed to the downside.” The board e...

July 19, 2022
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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
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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
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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
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ANZ set to acquire Suncorp in mega acquisition

Big 4 bank ANZ is set to takeover Suncorp in a massive buyout. The agreement stipulates that the buyout is only for the banking side of the business with the insurance arm not being apart of the deal.   Details of the deal ANZ is set to pay Suncorp 4.9 Billion dollars 1.3 time the current Net Tangible Asset value of Suncorp. The compl...

July 18, 2022
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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
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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
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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
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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
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Oil dips to the bottom of its range as recession fears hit the market.

Oil has seen its first real slip up in price since March. The commodity had been running on the back of high inflation and supply issues stemming from the Russian and Ukraine crisis. During the run Oil peaked at $137 a barrel before entering a period of consolidation. The recent catalyst for the drop was OPEC announcing that 2023 would likely re...

July 13, 2022
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PepsiCo tops Q2 estimates

PepsiCo Inc. (PEP) reported its Q2 earnings results before the opening bell on Wall Street on Tuesday. The US beverage and food company reported revenue of $20.225 billion for the quarter vs. analyst forecast of $19.513 billion. Earnings per share also reported above analyst expectations at $1.86 per share vs. $1.74 per share estimate. ''W...

July 13, 2022
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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
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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
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