Due to a price war with Chinese automakers, in June, Toyota has experienced a fifth straight month of global output decline.
Semiconductor giant Advanced Micro Devices reported quarterly results after yesterday's US market close. In general, the firm has managed to beat quarterly expectations, which is causing a surge. The news are the reason for $10.88 or 7.84% gap up of the stock price.
The stock price of Microsoft has started the day's trading with a drop, despite beating quarterly earnings expectations. In general, the company has given up most of its revenue gains to higher costs, due to which the profit increase has been minor.
Market consensus was that the European CPI would show a reading of 2.5%. Actual number is 2.6%. Meanwhile, Core CPI showed a reading of 2.9% instead of 2.8%. The numbers signal that the ECB might have been too early to cut interest rates.
As the US Federal Reserve considers decreasing rates, the Bank of England being set to cut this week and the European Central Bank already have cut rates, the Bank of Japan faces a different situation and has raised base interests rates. The event has caused a move of the USD/JPY rate to the 150.00 mark.
The Japan's largest investment bank and brokerage Nomura Holdings has revealed first quarter profits. Nomura has reported a 195% increase in quarterly profits, as the global stock surge and high inflation has caused major demand for investing and wealth management services.
UBS has reported that the banking group expects Australian firm corporate profits to drop in 2024, as firms are experiencing a decline of earnings since the Covid pandemic.
An economist survey done by Reuters has revealed that official Purchasing Managers Index has revealed that the sector is set to decline, as the July reading is expected to decrease to 49.3, compared to 49.5 in July.
The US Commerce Department has revealed forecasts that in the second quarter of 2024 the US economy has grown and inflation has declined.
Market research firm Canalys has revealed that the US tech giant Apple has lost two percent of its Chinese market share to its rivals.
Business sentiment data from the IFO institute has revealed that in July the pessimism among German firms has increased.
The Consumer Board Consumer Confidence index and the Job Openings and Labor Turnover Survey Job Openings number have been released at 14:00 GMT. The released numbers did not make a significant impact on the financial markets, despite being considered high importance.
Despite hold ups in delivery times, the top airplane producers have been receiving orders for new jets, as airlines continue to demand new aircraft.
For the first time in three years, the global sales of McDonald's have declined. In addition, the company has missed its quarterly earnings expectations.
United Parcel Service recently lowered its 2024 margins due to an inflow of new customers that have flooded the shipping firm with low profit shipments.
Survey results from the Euro Zone have revealed that in July business activity has stalled, as a minor expansion in services was offset by a decline in manufacturing.
The US automaker Ford Motors has experienced a major stock price decline due to issues with quality-related costs and competition in the electric vehicle market.
The electric vehicle maker is set to face a trial due to allegations that the firm encouraged Tesla employees to steal trade secrets, as they moved to start work at Rivian.
Soft drink maker Coca-Cola has increased its 2024 profit expectations, as global demand for sodas and juices remains strong despite increased prices.
Market research firm NIQ has revealed that sales at UK supermarkets have increased by 3.6% during June and July, as good weather and the football championship have increased grocery sales.
The US hospital operator has announced that high demand for medical care has increased its profits, due to which HCA Healthcare is raising its 2024 earnings expectations.
Due to being able to increase prices, the Kleenex tissue producer Kimberley-Clark has increased its 2024 profit forecasts. Moreover, the firm has beaten market analyst expectations for quarterly earnings.
The stock price of the luxury brand owner LVMH have experienced a decline due to the firm missing market analyst sales growth expectations.
In June, United States existing home sales declined more than expected. However, the median house price has reached a new record high level.