#MarketNews
βοΈ Happy Wednesday, dear traders! Letβs discuss the most exciting news for the beginning of the week:
π JPMorgan suggests the US corporate default rate is less worrying for investors, with distressed debt exchanges indicating an actual default rate of around 3%.
π©πͺ German industrial production fell 0.4% in March, marking the first decrease this year but performing better than economists' expectations of a 0.7% drop.
π¨π³ The Economist: Chinese electric vehicle makers rapidly outperform Western competitors by launching new models at half the cost. However, a fierce price war in China threatens to curb this growth.
π Apple unveiled updated iPad Pro and iPad Air models with advanced chips and features. They are available for preorder now and will go on sale next week. Apple (#APPLE) shares are up 0.38% today.
π BMW's earnings declined in the first quarter due to higher manufacturing costs, although the company saw a 28% increase in EV sales and confirmed its full-year guidance. BMW (#BMW) stock is down 3.26% today.
π’ Oil prices fell near their lowest level since mid-March, influenced by a mild increase in US stockpiles and ongoing tensions in the Middle East.
π BP has toned down its 2030 oil output reduction target to reassure investors about its profitability and energy transition strategy. BP (#BP) shares are down 3.79% today.
π₯ Amazon (#AMAZON) breaks into the European 5G market by moving one million Telefonica Germany customers to its AWS cloud platform. Amazon shares are up slightly by 0.03%.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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π Apple unveiled updated iPad Pro and iPad Air models with advanced chips and features. They are available for preorder now and will go on sale next week. Apple (#APPLE) shares are up 0.38% today.
π’ Oil prices fell near their lowest level since mid-March, influenced by a mild increase in US stockpiles and ongoing tensions in the Middle East.
That's it for today, guys! Click on
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#MarketNews
βοΈ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:
βοΈ The US Treasury Department reported that the national debt has exceeded $35 trillion for the first time in history.
π«π· France's GDP grew by 0.3% in the second quarter, surpassing forecasts and showing economic resilience ahead of President Macron's snap election.
π―π΅ Bank of Japan Governor Kazuo Ueda is expected to cut bond purchases by 50% within two years and may raise interest rates, decisions poised to shake global markets.
π₯ Rich Asian investors buying gold bars contributed to demand of 1,258.2 metric tons in the second quarter, marking a 4% year-on-year increase and the strongest in over 25 years.
π The S&P 500 increased by 0.1%, with investors closely watching upcoming earnings from tech giants like Microsoft, Meta, Amazon, and Apple.
π’BP surpassed second-quarter profit expectations with a net profit of $2.8 billion and raised its dividend by 10%, signaling robust financial health despite challenges in refining margins. #BP shares are up 1.53%.
π Apple trained its AI models for the Apple Intelligence system on Google's custom chips, highlighting a move from Nvidia's GPUs in AI development. #APPLE stock is trading at 218.24.
π· Diageo reported a 4.8% drop in annual profit, falling short of the expected 4.5% decrease. This was primarily due to a significant 21.1% sales decline in Latin America and the Caribbean. #DGE fell 0.65%.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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π’BP surpassed second-quarter profit expectations with a net profit of $2.8 billion and raised its dividend by 10%, signaling robust financial health despite challenges in refining margins. #BP shares are up 1.53%.
π Apple trained its AI models for the Apple Intelligence system on Google's custom chips, highlighting a move from Nvidia's GPUs in AI development. #APPLE stock is trading at 218.24.
That's it for today, guys! Click on
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#BP has broken the global trendline and is approaching the MA200. Taking into account the trend break, we can expect further growth above the nearest fractal.
BP is cutting 4,700 internal jobs, approximately 5% of its workforce, and over 3,000 contractor positions as part of a major cost-saving initiative. The company has also halted or paused 30 projects since June, focusing on high-profit ventures and advancing its digital transformation through AI integration.
#Forecast
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#MarketNews
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#MarketNews
πΊπΈ Fed Chair Powell Speaks β 19:20 GMT+3
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