#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

☄️ Federal Reserve Chair Jerome Powell will discuss the economic outlook at the Jackson Hole Economic Policy Symposium on August 23. Markets anticipate insights on potential interest rate cuts.

🇨🇳 China's home-price downturn eased in July, with new-home prices declining by 0.65% and existing-home prices dropping 0.8%, as government rescue efforts began to take effect.

📈 Asian stocks surged, with Japan's Nikkei 225 up 2.5%, leading a global rally. Fading US recession fears and a 1.3% drop in the yen boosted investor confidence and exporters' earnings.

👀 Alibaba's Q2 profit fell 29% to 24.27 billion yuan ($3.4 billion), missing forecasts due to intense competition and weak consumer demand in China. #ALIBABA stock is up 0.09%.

🇬🇧 UK retail sales rose by 0.5% in July, boosted by summer discounts and the Euros football competition, signaling increased consumer confidence.

💬 Wall Street's most volatile ETF, the MicroStrategy 1.75x leveraged fund, launched amid a surge in risky investment products. It is attracting attention for its potential for sharp price swings.

🏪 Walmart beat Q2 expectations with $0.67 EPS and $169.34 billion revenue, raising its full-year outlook due to stable consumer health and a 4.2% rise in US comparable sales. The stock of #WALMART is up 6.58%.

⚙️ Applied Materials Inc. reported a Q3 profit of $1.705 billion ($2.05 per share), up from $1.560 billion ($1.85 per share) last year, beating estimates as revenue rose 5.5% to $6.778 billion. #AMAT stock is up 5.06%.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

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