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The computer semiconductors firm ASML has announced this week that it is reducing its 2025 financial expectations, as the firm observes a weakness in the market.
Due to reporting lower than expected quarterly financial results, the stock price of LVMH has experienced a decline over the week.
On the 17th of October, Netflix reported its earnings and revenue for the third quarter. Both EPS and revenue results have beaten the expectations. Estimated earnings per share for Q3 were $5.116, reported EPS is $5.400. Estimated Revenue for Q3 was $9.771 Billion, reported is $9.825 Billion. The announcement has caused the NFLX stock to raise more than 10.00%.
The market consensus forecast for the UK Retail Sales was that the sales would show a decline of -0.4% on a month-on-month basis. However, analysts were surprised that the data revealed an increase of 0.3%. The news caused a surge of the Pound against peer currencies. During the surge, the GBP/USD currency pair jumped 47 base points, or 0.36%.
The asset managements firm Blackstone intends to invest $8.2 billion in data centres in the Spanish region of Aragon.
Walgreens Boots Alliance has announced that it is set to shut down 1,200 stores over the period of the next three years.
The third quarter profits of Bank of America have passed market expectations, as investment banking fee income has increased by 18%, compared to the same period in 2023.
Analysts have revealed that Netflix subscriber growth must have slowed down, as the gains from a recent password sharing crackdown are expected to have subsided.
The results of a poll done by Reuters have revealed that economists expect the Chinese economy to grow by 4.8% during 2024, which is less than the officially set target.
The US Dollar has surged due to the publication of the US Retail Sales data for September. In general, sales have grown more than expected, which caused a surge of the Dollar index. Month-on-month retail sales have increased by 0.4% instead of forecast 0.3%. Meanwhile, the Core Retail Sales that exclude auto sales have grown by a staggering 0.5% instead
On the 17th of October, the European Central Bank has decided to cut its Main Refinancing Rate, which is the base rate for all Euro debt. The rate has been reduced from 3.65% to 3.40%, as expected by market analysts. The bank has been cutting rates, as most recent inflation data indicates that Euro Zone inflation has returned to the
Global electric vehicle sales in the world increased by 30.5% in September, compared to the same month a year prior. The most demand has been observed in China.
The CEO of BMW Oliver Zipse has stated that in effort to stop the European Union's reliance on Chinese battery supply chains, the EU has to cancel its planned 2035 ban on fossil fuel engines.
On the 17th of October the European Central Bank has decided to cut its Main Refinancing Rate, which is the base rate for all Euro debt. The rate has been reduced from 3.65% to 3.40%, as expected by market analysts.
The telecommunication firm Ericsson has revealed that it has observed an increase of demand for telecom equipment. Due to the higher demand, the firm has earned more in the third quarter of 2024.
The Caixin Global report has revealed that in order to boost the local economy, the Chinese government could add nearly $850 billion to sovereign debt.
This month, investor optimism has experienced the highest jump since June 2020, when the Federal Reserve implemented monetary easing.
In the aftermath of the recent decision to keep policy unchanged, markets have started to expect that the Singapore monetary policymakers will cut interest rates in January.
Chinese exports have continued to decline for a fifth month in a row, as a sharp decline has been reported for September, as manufacturers have reduced prices to export more inventory.
The price for gold has managed to find support in 2,640.00 and the 200-hour simple moving average. The follow-up surge broke the 2,670.00 level, and it resulted in another test of the all-time high levels at 2,685.40. In the meantime, the range that surrounds the 2,670.00 mark has turned into support. Economic Calendar Analysis From the US Dollar's side, the markets could
The 150.00 mark has held, and a decline has occurred. The decline has passed below the 149.50 level and the combination of the 50 and 100-hour simple moving averages. However, it appears that the 149.00 level, despite being pierced, has provided support. Economic Calendar From the US Dollar's side, the markets could react on Thursday at 12:30 GMT to the publication of
The CEO of Rentual Luca de Meo has revealed that the firm has benefited from the bet on low-cost hybrid vehicles instead of high-end electric vehicles, as the firm's hybrid sales have increased by 55% during the first half of 2024.
The GBP/USD fluctuated sideways and even recovered on Tuesday to the 1.3100 mark. However, on Wednesday morning, the UK CPI was published. Inflation in the United Kingdom is even lower than expected. Monthly inflation measured year-on-year is just 1.7% instead of the expected 1.9%. Moreover, it is a decline from 2.2% in the prior month. Economic Calendar On Thursday, watch the US release
The support of the 1.0900 has failed. In the aftermath of the event, the rate is confirming the level as resistance. From a fundamental perspective, the EUR/USD is waiting for the ECB announcement that is set for Thursday afternoon. Economic Calendar Analysis This week, the top event will be the Thursday's European Central Bank interest rate announcement at 12:15 GMT. The Euro