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.
Final disclosure framework standard for banks on cryptocurrency exposure has been published by Bank of International Settlements. Standard should be fully implemented by end 2025 according to the Basel Committee.
According to FINRA, Global Debit Balances in Customers' Securities Margin Accounts reach over $800 Billion Dollars in the month of June. Second consecutive month when balance reach over 800 billion in 28-month period.
The US Bureau of Economic Analysis has published the Core Personal Consumption Expenditures Index. This index reveals inflation at the consumer level. Prices have increased by 0.2%, as expected by market analysts.
Weekly market volatility has shown interest in defensive stock sectors, while sectors such IT and Consumer discretionary have impacted the most by this week's market volatility. Portfolio rotation may be on the way.
Investment flow into commodities have risen by 14.7% month-on-month. For the fourth straight month combined money managers exposure on Gold, Natural Gas, Copper, Crude oil has risen.
Federal reserve continues to reduce its balance sheet, as of July 10th, FED's balance sheet was reduced by $6 billion, Y-o-Y Fed has decreased its balance sheet by 12.8%.
The major German lender has announced an end to its streak of profits, as the bank has announced its first quarterly loss in four years. The decline in profits has been attributed to an investor lawsuit.
The former executive of Disney Isaac Perlmutter has sold his Disney shares, as reported by the Wall Street Journal.
Stock price of Visa has experienced a decline due to the firm reporting that its quarterly revenues were below analyst expectations. The firm is known for rarely missing market expectations for quarterly revenues.
Market consensus forecast was that the quarterly US Advance GDP will show 2.0% growth. Actual released number is a stunning 2.8%.
The liquor and spirit producer Remy Cointreau has reported that it has experienced a decline in sales due to issues in the United States.
Financial Times have reported that the UK consumer goods firm Reckitt has been pressured by shareholders to sell Mead Johnson Nutrition unit.
The banking group BNP Paribas has affirmed that it would reach its 2024 targets, as a decline in retail services has been offset by increase in equity market trading.
GE Aerospace has announced an increase of annual profit forecast due to high demand for aftermarket services. Reportedly, airlines intend to keep older planes in service for longer, as the global market experiences a shortage of airplanes.
US aeronautics firm Lockheed Martin has raised its 2024 sales target due to high demand for missiles and fighter jets.
Toyota Motor Corporation has announced an offer for its shares that amounts to a total of $5.16 billion. The buyback is set to boost the firm's stock price.
The owner of Chrysler has announced the recall of nearly 19,500 hybrid mini-vans in the United States due to the risk of battery fire.
At 13:45 GMT, Bank of Canada lowers interest as it was forecasted, by 0.25 basis points. Current interest rate defined by Bank of Canada's monetary policy is 4.50%.
The stock price of Google parent company Alphabet started the day's trading at $173.81, which is a decline of $8.00 or 4.40%, compared to Tuesday's closing price. This decline is attributed to increasing costs.
Reuters has reported that Ford motor Company and General Motors could suffer due to a decline in demand for electric vehicles and the outage of US dealer software.
The stock price of the EV maker is expected to start the day's trading with a $20.91 or 8.49% drop, which is caused by the firm's quarterly financial results.
During the early hours of July 24, S&P Global released the results of the Purchasing Managers Index survey results. In general, the survey has disappointed the markets, as almost all readings are below expectations.