Alfred Gray

The dollar held near a six-month high as nervousness about China and global growth affected risk appetite, while the yen strengthened as Japan's top diplomat sent a warning about the currency after it earlier fell to a 10-month low.

The yen strengthened as much as 0.4 percent to 147.02 per U.S. dollar after Japan's chief currency diplomat Masato Kanda said he wouldn't rule out...
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ARM HOLDINGS is gearing up for a spectacular initial public offering to test the market's interest in a major technology company. But its target valuation suggests it is resigned to not being the next Nvidia.

According to The Wall Street Journal, citing people familiar with the matter, British chipmaker Arm is seeking a valuation for its initial share offering on the Nasdaq...
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The dollar fell on Monday, when U.S. markets were closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets that the Federal Reserve could be nearing the end of its monetary tightening cycle.

Against a basket of currencies, the dollar fell 0.1% to 104.14, but remained near a two-month high of 104.44 reached on Aug. 25. The index...
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This week, investors' attention in the United States will be directed mainly to the Fed's Beige Book, the trade balance for July and the ISM in services. In Germany, for example, the CPI for August and industrial production for July will be published.

Trade balance in the US

On Wednesday, the trade balance for July will be available in the United States. The market is forecasting...
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Chipmaker Broadcom $AVGO released 3Q results. Earnings came in above expectations, while revenue failed to surprise. Investors were disappointed by the 4Q outlook, expecting it to be higher due to AI.

Results

Semiconductor Solutions revenue was $6.94 billion, versus analyst estimates of $6.87 billion, and $6.62 billion a year ago.

Software infrastructure revenue was $1.94 billion,...
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The US labour market report will be released on Friday at 14:30. The report, released on the first Friday of every month by the U.S. Bureau of Labor Statistics, includes several exchange rate-forming macroeconomic data.

The most closely watched data is the change in jobs excluding agriculture. Other macroeconomic data tracked are the unemployment rate, the underemployment rate,...
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Best Buy $BBY, the US electronics retailer, released its 2Q results. Comparable sales fell 6.2% from a year ago.

Results

Company-wide comparable sales fell 6.2%, compared to a 12.1% decline a year ago and analysts' estimates of a 6.38% decline.

U.S. sales declined 7.1% year over year, primarily due to lower comparable sales, which fell 6.3%. This is the lowest decline since early...
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The 3M $MMM board approved a $6 billion (133.9 billion CZK) settlement to resolve claims that its earplugs caused hearing loss among veterans. With this approval, the company shut down analyst estimates that were higher than the final settlement amount.

People connected to the matter told The Wall Street Journal that the settlement will be paid over multiple years. Shares of 3M...
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California-based communications company Zoom reported results for the second quarter of fiscal year 2024. The results were above expectations and the company raised its outlook for fiscal year 2024. Analysts are positive on the results. Citi was expecting a stronger outlook and Piper Sandler is concerned about continued optimization and high competition.

2Q results

The company's...
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Danish jewelry retailer Pandora reported 2Q 2023 results. Ebit and organic sales beat expectations and the company raised its organic sales guidance. The company also decided to expand its lab diamond sales into the US, UK and Canada.

2Q results

Organic sales grew by 5% against an estimate of 3.06%. Pandora achieved Ebitda of DKK 1.69bn against an estimate of DKK 1.7bn. Gross...
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Barclays has identified several European stocks that it believes could benefit from an environment of falling inflation.

Disinflation - the slowing rate of inflation - is particularly tricky for some companies because their profits are not growing in line with cost pressures.

Inflation in the eurozone fell to 5.3% in July from a peak of 10.6% in October 2022. With interest rates...
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Investors are always looking to outperform the market and are looking for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many non-tech stocks have outperformed the impressive 250% gain of the S&P 500 index over the past decade.

Three stocks - Builders FirstSource $BLDR, Live Nation Entertainment $LYV and Domino's Pizza $DPZ - have...
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Results

Disney $DIS revenue increased 3.8% year-over-year. The company generates revenue from two segments, media and entertainment and parks, experiences and products

Media and Entertainment segment revenue decreased 0.8% year-over-year to $14 billion. Analysts were expecting USD 14.36 billion.

Parks, Experiences & Products segment revenue increased 13% year-over-year to $8.33...
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Shares of Microsoft $MSFT fell as much as 4% in extended trading Tuesday after the software maker issued a quarterly revenue forecast that fell short of analysts' expectations.

Earnings: $2.69 per share versus $2.55 per share as expected by Refinitiv.
Revenue: $56.19 billion versus $55.47 billion as expected by Refinitiv.

On a conference call with analysts, Amy Hood, Microsoft's...
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Pixie Dust, a Japanese company developing innovative personal care products and space technology, is in high anticipation. The long-awaited event, a listing on the U.S. stock exchange through an initial public offering (IPO), is scheduled for August 1. The move is a major step towards global expansion and will enable the company to reach new levels of success.

For many years,...
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