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The US Bureau of Labor Statistics has just published the US monthly employment data. The data sets have revealed. Major increases in employment numbers, but no changes in salaries.
Market losses of Adani Group have reached above $100 billion, as the group's top company abandoned the idea of a $2.5 billion stock offering. The major Indian group has been plummeting since the short-seller Hindenburg published a report on Adani's finances.
The oil company Shell has reported that in 2022 it has doubled its profits by earning $40 billion.
The US real estate trust has announced another $69 billion withdrawal block, as the company does not allow its clients to cash out of their investments.
The FedEx Corporation has announced that it would fire more than 10.00% of its officer and director ranking employees. The new cuts are part of a giant 12,000 worker lay off.
The stock price of the Facebook owner Meta soared at the start of the day's trading, the surge was attributed to the company announcing a $40 billion stock buyback and the CEO of the company announcing a "Year of Efficiency".
The stock price of the Facebook owner Meta soared at the start of the day's trading, the surge was attributed to the company announcing a $40 billion stock buyback and the CEO of the company announcing a "Year of Efficiency". Meanwhile, the company's profits have fallen from $10.29 billion to $4.65 billion and earnings per share are down to $1.76
In the aftermath of abysmal quarterly results, Intel Corporation has announced that it would cut salaries from 5.00% up to 25.00%. In addition, the company is set to reduce its matching of pension fund programs.
The European Central Bank has just increased its Main Refinancing Rate from 2.50% up to 3.00%. In addition, the central bank has published its Monetary Policy Statement. Note that the management of the ECB is set to host a Press Conference at 13:45 GMT. The journalist question and answer section usually create major Euro volatility.
The European Central Bank has just increased its Main Refinancing Rate from 2.50% up to 3.00%. In addition, the central bank has published its Monetary Policy Statement.
The Bank of England has increased its Official Bank Rate from 3.50% up to 4.00%. The members of the Monetary Policy Committee voted as follows. Seven cast votes for a rate hike and two voted for keeping rates unchanged. In addition, the bank has published its Monetary Policy Summary and Monetary Policy Report. The increase and voting numbers were expected
The financial payments company PayPal has revealed that it would lay off nearly 2,000 employees. The company is one of the many among the recent string of layoffs. Recently, the stock markets for an unknown reason have reacted positively to any major firing.
The Bank of England has increased its Official Bank Rate from 3.50% up to 4.00%. The members of the Monetary Policy Committee voted as follows. Seven cast votes for a rate hike and two voted for keeping rates unchanged.
Despite the Chinese government lifting Covid restrictions, data reveals that the supposed Asian economic reopening has been lagging, as the Caixin PMI, Japanese and South Korean manufacturing activity indices have declined.
The White House has expressed its dissatisfaction with the ExxonMobil record $56 billion annual profits, as the US government has blamed the companies in price gouging.
Recent South Korean -16.6% annual decline of January exports together with the -0.4% decline of last quarters GDP indicates that the country is set to enter a recession.
The Chairman of the US Federal Reserve has revealed in the post-rate-hike press conference that the US Federal Reserve would continue to hike interest rates throughout 2023 and no rate cuts are foreseeable during the year.
The United States Federal Reserve Federal Open Market Committee has hiked the US Federal Funds Rate from 4.50% up to 4.75%. The market consensus was that the US Fed would hike the base interest rate by 0.25%.
Reuters has reported that German firms have been hiring up employees, which have been fired by Silicon Valley firms.
Despite chip profits reaching the lowest level since 2009, Samsung intends to continue to invest in the sector, despite the expectations of a continuous decline of demand.
In January, the Chinese economic activity has reportedly returned to growth, as It has been indicated by the official purchasing managers index.
The 1,900.00 range acted as support and caused a sharp retracement back up to the 1,930.00 level. The 1,930.00 has acted as resistance and keeps the commodity price down. Most likely, the price will remain near 1,930.00 until the US Federal Reserve makes a rate statement and the follow up press conference makes its impact. Economic Calendar Analysis On Wednesday, the ADP
The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. In general, the pair waits for future direction in the form of the US Federal Reserve Rate hike on Wednesday at 19:00 GMT. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change, JOLTS
The GBP/USD has reached the 1.2300 mark, as it was expected on Tuesday. However, the pair appears to have paused above the round level, as it expects the reveal of the US and UK central bank monetary policy. The US Federal Reserve is set to make a statement on Wednesday at 19:00 GMT and the Bank of England will hike