China’s central government won’t likely be spending billions to save the struggling real estate sector, analysts said.
Archiv für den Monat: Oktober 2022
Stocks making the biggest moves after hours: Qualtrics, W.R. Berkley, Discover Financial and more
See which stocks are posting big moves after the bell.
Single-bond ETFs may be the key to revolutionize trading Treasurys
Single-bond ETFs give investors a way to easily trade Treasury securities, which is notoriously complicated.
Microsoft set to report earnings after the bell
A warning about inventory corrections from AMD earlier this month does not bode well for Microsoft’s sales tied to its Windows operating system.
Alphabet to report Q3 earnings after the bell Tuesday
Alphabet is expected to report its weakest revenue growth for any period since 2013.
JetBlue posts quarterly profit as travel demand helps cover jump in costs
Other U.S. airlines this month said they aren’t seeing a slowdown in travel demand.
Coca-Cola raises full-year outlook as earnings beat expectations
Shares of Coke have fallen about 3% this year, bringing its market value down to $247.6 billion.
General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‚headwinds‘
General Motors easily beat Wall Street’s earnings expectations during the third quarter, while slightly missing on revenue.
UK PM Sunak: Fixing mistakes begins now
<ul><li>Some mistakes were made</li><li>There will be difficult decisions</li><li>Truss was not wrong to want to improve growth</li><li>Will not leave the next generation with debt to settle</li><li>Will have professionalism and accountability at every level</li></ul><p style=““ class=“text-align-justify“>For now, the drama is at least dying down but he still faces a tough challenge ahead in trying to bolster economic conditions. The UK outlook remains rather challenging at the moment and he has a tall order to try and steer things in the right direction. </p>
This article was written by Justin Low at forexlive.com.
Sterling holds higher so far on the day
<p style=““ class=“text-align-justify“>There’s not much in it to really decipher as the pound is gaining some ground as the UK political uncertainty eases. Rishi Sunak has been announced as the new prime minister and he is set to deliver a statement in the coming minutes. GBP/USD is up 0.5% to 1.1330 levels at the moment and here’s a look at the near-term chart:</p><p style=““ class=“text-align-justify“>The near-term bias for the pair remains more bullish as price holds above the key hourly moving averages but there is still short-term daily resistance around 1.1400 for the time being. As such, the pair is sort of caught in between that for now as we gear towards key central bank meetings in the week ahead.</p><p style=““ class=“text-align-justify“>Dollar sentiment is more mixed today, with broader markets also not settling on a firm narrative. Equities are lower while bond yields are also on the retreat, so it is making for a bit of a choppy one in trading during the session.</p><p style=““ class=“text-align-justify“>But despite some easing in the political uncertainty, this still puts the pound in a position back to where it was before the whole Truss-Kwarteng mini-budget fiasco. The UK outlook remains extremely challenging amid high inflation, the energy crunch and the cost-of-living crisis and none of that has changed significantly.</p><p style=““ class=“text-align-justify“>As long as the Fed sticks to the status quo next week, it will continue to be tough to argue against the path of least resistance being for a move lower in cable.</p>
This article was written by Justin Low at forexlive.com.