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... Read more
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... Read more
I was very interested in this company, but somehow I forgot about it, so thank you for reminding me. I'll have to take a quick look at the company and I'll definitely be following the IPO at least a little :)
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... Read more
The dollar has been relatively flat against the euro for some time now. Yes, there is some volatility, but the result is much the same. Once it bounced off parity, it's not that interesting, at least not this pair.
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... Read more
This week is quite boring in terms of macroeconomic data in the US, but there is something there after all. It's going to be mostly on the current investor sentiment...
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,... Read more
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,... Read more
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... Read more
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.
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... Read more
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... Read more
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... Read more
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... Read more
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... Read more
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.
I've never heard of mechanobiology, just from those few sentences it sounds like the field of the future. I don't know the company at all, but I like IPO stories.
EUR/USD looks very uninteresting to me right now and I think a lot of traders are losing out. It's actually one big sideways trend.