On Wednesday, third-quarter earnings beat analysts’ forecasts and revenue topped expectations. Walt Disney announced earnings per share of $1.09 on revenue of $21.5B. Walt Disney shares are down 27% from the beginning of the year, still down 40.02% from its 52 week high of $187.58 set on September 9, 2021. …
Read More »Eurozone Industrial Production rises 0.7% MoM in June
Eurozone’s Industrial Production increased more than expected in June, as Eurostat published on Friday, suggesting that the bloc’s manufacturing sector activity recovery is back on track. The industrial output in the old continent increased 0.7% MoM vs. a 0.2% rise expected and 2.1% last. On an annualized basis, the industrial …
Read More »Dollar rises as markets reassess rate hike bets
The dollar rose in early trade in London on Friday as hawkish comments from Federal Reserve officials weighed against the notion that US inflation data this week could prompt the US central bank to slow down policy tightening. US inflation data came in less than expected, which led to support …
Read More »Nikkei closes at 7-month high on hopes of slowing US rate hike
Japan’s Nikkei index closed at a seven-month high on Friday, led by SoftBank Group and other technology heavyweights, as signs of slowing inflation in the United States raised hopes of a less sharp interest rate hike by the Federal Reserve and boosted appetite. on the risk. The Nikkei average jumped …
Read More »Oil is heading to record weekly gains, and uncertainty about demand limits the rise
Oil prices rose slightly on Friday, with crude contracts heading towards recording weekly gains as recession fears eased, but uncertainty regarding the outlook for demand limited the gains. By 0736 GMT, Brent crude futures rose 23 cents, or 0.2 percent, to $99.83 a barrel. West Texas Intermediate crude futures were …
Read More »Gold is on the way to record the fourth weekly increase
Gold prices stabilized on Friday and headed for the fourth consecutive weekly increase, in light of the general weakness of the US dollar, which was pressured by the increase in the yield on Treasury bonds, as well as expectations of a US interest rate hike. And by 0319, gold prices …
Read More »Dow Jones maintains its gains 12/8/2022
Oil, Crude, trading
Read More »GBP/JPY: repeats the chances of rising 12/8/2022
Mixed trading dominated the movements of GBP/JPY during the previous trading session to return to the positive range, building on the support level of 161.80. On the technical side, the current moves are witnessing a slight bullish bias as a result of the intraday stability above 161.60, accompanied by the …
Read More »CAD touches the descending goal and confirms the break 12/8/2022
The Canadian dollar succeeded in achieving the negative outlook as we expected during the previous analysis, touching the first target to be touched at 1.2720, recording the lowest level at 1.2725. Technically, and with the pair’s success in breaking the support line as shown on the 4-hour chart, the pair’s …
Read More »GBP facing negative pressure, eyes on GDP 12/8/2022
Oil, Crude, trading
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