Financial News
- James Hyerczyk
Eli Lilly shines in Q4 as Zepbound and Mounjaro exceed forecasts, boosting market leadership.
- Bob Mason
RBA Governor Michele Bullock discussed the importance of bringing inflation to the target range during the press conference and viewed risks as balanced.
- Vladimir Zernov
The services sector has grown in 43 of the last 44 months.
- James Hyerczyk
McDonald’s (MCD) surpasses EPS forecasts in Q4, despite falling short in global revenue projections due to Middle Eastern conflicts.
- Bob Mason
The German trade surplus widened to €22.2 billion in December. However, a marked decline in imports and exports signaled weaker demand backdrop.
- Bob Mason
After recent monetary policy decisions and economic indicators, central bank commentary could see investors recalibrate interest rate projections.
- Bob Mason
The BTC-spot ETF market remained the focal point this week. However, Ripple, the SEC, and Senator Warren also grabbed the crypto market headlines.
- Vladimir Zernov
Year-ahead inflation expectations declined from 3.1% in December to 2.9% in January.
- James Hyerczyk
January’s economy adds 353,000 jobs, unemployment steady at 3.7%, with a 0.6% hike in average hourly earnings showcasing resilience.
- Ibrahim Ajibade
Binance CEO Richard Teng announced that the exchange has frozen accounts with Ripple (XRP) coins worth $4.2 million of funds stolen in a recent hack.
- James Hyerczyk
Apple’s Q1 sees revenue and EPS exceed estimates, iPhone sales rise, and growth despite global pressures and China challenges.
- Vladimir Zernov
The report indicated that economic activity in the manufacturing sector contracted for the 15th consecutive month.
- James Hyerczyk
The Bank of England held interest rates steady, targeting sustainable 2% inflation amid global uncertainty and persistent 4% UK inflation.
- Bob Mason
The China Caixin Manufacturing PMI sent mixed signals. Weakening domestic demand and factory gate price pressures remain a concern.
- Vladimir Zernov
Fed noted that it was not appropriate to cut rates until it had confidence that inflation was moving towards its 2% target.
- James Hyerczyk
According to ADP, January’s private sector added only 107,000 jobs with a modest 5.2% wage increase for job-stayers.
- Bob Mason
German retail sales sent more recessionary signals on Wednesday. Significantly, the unexpected fall could impact the Eurozone economy.
- James Hyerczyk
Microsoft’s Q2 earnings hit $2.93/share, beating $2.78 estimates with Azure’s 30% revenue surge, showcasing its cloud sector dominance.
- Vladimir Zernov
CB Consumer Confidence reached two-year highs amid declining pessimism about future.
- Vladimir Zernov
Dallas Fed Manufacturing Index has been in the negative territory since 2022.