Alibaba is investing heavily into Europe for Singles Day this year, as the Chinese tech giant competes with Amazon for the EU’s exploding e-commerce market.
Archiv für den Monat: Oktober 2021
Nasdaq retreats from record after disappointing earnings from Apple and Amazon
Shares of major technology companies suffered following disappointing earnings reports.
Exxon posts highest quarterly profit in years, but revenue disappoints
Exxon topped earnings expectations during the third quarter of 2021, but revenue came up short of estimates.
Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain
Chevron said Friday that it generated the highest free cash flow on record during the third quarter as commodities prices surged.
Amazon badly misses on earnings and revenue, gives disappointing fourth-quarter guidance
CEO Andy Jassy said Amazon expects to incur „several billion dollars“ worth of costs in the fourth quarter tied to investments in supply chain and labor.
Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion
Apple reported earnings after the bell. Here are the results.
Starbucks revenue falls short as Covid hurts China sales, coffee chain offers mixed fiscal 2022 outlook
Starbucks saw same-store sales in China shrink by 7% during its fiscal fourth quarter.
ECB’s Holzmann: ECB should drive on sight when going about monetary policy next year
Remarks by ECB policymaker, Robert Holzmann
I wonder does a Magic 8-ball count as central bank „analysis“ these days? 😀
I wonder does a Magic 8-ball count as central bank „analysis“ these days? 😀
US futures keep lower ahead of North American trading
Equities stay on the defensive so far today
Tech is leading the way lower as sentiment is weighed down by the more disappointing earnings reports from Apple and Amazon yesterday. But broader sentiment is also leaning towards the softer side with European indices also down across the board.
Tech is leading the way lower as sentiment is weighed down by the more disappointing earnings reports from Apple and Amazon yesterday. But broader sentiment is also leaning towards the softer side with European indices also down across the board.
The market continues to ramp up ECB rate hike bets
A 10 bps rate hike is now fully priced in for July 2022
This comes as euro area bond yields continue to surge higher, with Italian 10-year yields rising to 1.17% – its highest since July 2020. Adding to that, the closely watched gap between 10-year Italian and German yields is now at its widest since
This comes as euro area bond yields continue to surge higher, with Italian 10-year yields rising to 1.17% – its highest since July 2020. Adding to that, the closely watched gap between 10-year Italian and German yields is now at its widest since