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Economic Updates
PayPal Taps into Crypto
By Deepta Bolaky @DeeptaGOMarkets Buy, Hold and Sell Cryptocurrency PayPal officially confirmed its entrance in the cryptocurrency market on Wednesday. The leading online payments company announced the launch of a new service enabling its customers to buy, hold, and sell digital currency on its site and applications. The message of the CEO was...
Read MoreUS Corporate Earnings to Watch this Week
By Deepta Bolaky @DeeptaGOMarkets Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many others. Monday International Business Machines (IBM): The company will host a conference call to review ...
Read MoreComing Up This Week: US Big Banks on the Radar
By Deepta Bolaky @DeeptaGOMarkets The third-quarter earnings season will kickstart with major US banks. In an ultra-low interest rates environment, the financial industry struggled faced by a series of pressures triggered by the ongoing pandemic crisis. Over the months, banks had made significant provisions for credit losses and saw major declin...
Read MoreSeptember: A Typical Scary Month for Investors
By Deepta Bolaky @DeeptaGOMarkets Poor Month for Markets Investors are generally apprehensive of the month of September as on average it is marked as the worst month for the stock market. After a staggering rally in August driven by broad-based vaccine optimism, global stimulus, improving economic data, better-than-expected earnings season and th...
Read MoreInterest Rates: Ultra Low, Near Zero or Negative?
By Deepta Bolaky @DeeptaGOMarkets In a pandemic-induced environment, central banks and governments have absorbed all the shocks of the virus on the financial markets by injecting massive liquidity in the economy, keeping credit flowing and supporting the global economy with huge fiscal stimulus plans to manage an unparalleled health and economic...
Read MoreLaybuy (ASX: LBY): Another ASX BNPL
By Deepta Bolaky @DeeptaGOMarkets After a solid debut on the Australian Securities Exchange (ASX) earlier this week, New Zealand buy now pay later company went on a volatile ride for its first week. Following the completion of an initial public offering (IPO) that raised A$80m at A$1.41/share with an indicative market capitalisation of A$246m un...
Read MorePM Shinzo Abe’s Resignation, Abenomics, and Berkshire Hathaway Buys Stakes in Five Japanese Companies
By Deepta Bolaky @DeeptaGOMarkets Prime Minister Shinzo Abe, Japan’s longest-serving prime minister officially resigned on Friday due to health issues after a few weeks of speculations. Amid a global pandemic, markets fret that his resignation may create a new period of political uncertainty for Japan. Since the announcement, a few ministers f...
Read MoreAugust Wrap-Up: Global Equities on a Rally
By Deepta Bolaky @DeeptaGOMarkets Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 25 million confirmed cases of coronavirus and 840, 000 deaths. The United States remains the worst-affected countries followed by the Eastern Mediterranean region and European countries. After successfully containin...
Read MoreAfterpay Ltd ($APT): YTD – ASX Best Performer
By Deepta Bolaky @DeeptaGOMarkets Afterpay Ltd remains Australia’s favourite tech stock. The Buy Now Pay Later company is the best performing stock on the Australian share market and its share price has risen by a staggering 204% since the beginning of the year. Source: Bloomberg Afterpay is on a Roll! Investors digested a series of good new...
Read MoreJackson Hole Symposium: Markets Bracing for More Volatility
By Deepta Bolaky @DeeptaGOMarkets The annual Jackson Hole Economic Symposium rarely goes unnoticed as is an exclusive central bank conference which fosters open discussions about global policy matters. The economic event is sponsored by the Federal Reserve of Kansas City and is closely watched by market participants. The Symposium has the potent...
Read MoreASX Updates: Big Earnings Week
By Deepta Bolaky @DeeptaGOMarkets Amid a muted economic calendar, the attention was mostly on the earnings reports as investors geared up to the busiest week of the Australian earnings season. We have updates from big retailers, iron-ore miners, major banks, and tech stocks. As of writing, Information Technology, Consumer Discretionary and Healt...
Read MoreA Gold and Tech Rally
By Deepta Bolaky @DeeptaGOMarkets Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 17 million confirmed cases of coronavirus and 670, 000 deaths. Many countries have seen a surge in the number of infections over the months. As the month comes to an end, we note that countries that have initially s...
Read MoreAnother Big Week on the Earnings Front
By Deepta Bolaky @DeeptaGOMarkets Amid one of the busiest weeks on the earnings front, the remaining of the FAANG companies and some of the leading companies in their respective industries will report their quarterly earnings. Those updates will allow investors to have a broader picture of the impact of the pandemic on US businesses. Big tech st...
Read MoreAttention on Stimulus Packages: EUR vs USD
By Deepta Bolaky @DeeptaGOMarkets After two challenging quarters driven by the coronavirus crisis, investors were gearing up for a recovery for the second half of the year. Governments and central banks have absorbed nearly all the shocks of the virus on the financial markets by injecting massive liquidity in the economy, keeping credit flowing ...
Read MoreTesla and Microsoft Corporate Earnings Results
By Deepta Bolaky @DeeptaGOMarkets Microsoft and Tesla, the two leaders in their respective industries reported their quarterly earnings results on Wednesday after the market closed. Both tech companies reported earnings exceeding expectations but the reaction in the after-hours trading was different altogether. Tesla Inc (TSLA) Tesla, the electr...
Read MoreEarnings: Banks Reported More Provisions for Bad Debts, Netflix Q3 Subscribers Outlook
By Deepta Bolaky @DeeptaGOMarkets Given the uncertain environment, investors are currently bracing themselves for a gloomy earnings season. The earnings season kicked off with big banks like JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and tech stock like Netflix. Monday PepsiCo, Inc (PEP) PepsiCo pro...
Read MoreComing Up This Week: Big Banks and Netflix
By Deepta Bolaky @DeeptaGOMarkets The earnings season will kickstart with big banks like JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and tech stock like Netflix. Investors are probably bracing themselves for a gloomy earnings season. It is unlikely that companies will be able to provide guidance for t...
Read MoreMelbourne Lockdown: Local Investors Mull Worsening Economic Outlook
By Deepta Bolaky @DeeptaGOMarkets Following the highest number of coronavirus cases in a single day, the Premier of Victoria, Daniel Andrews reinstated “Stay at Home” restrictions across metropolitan Melbourne and Mitchell Shire from 11:59 pm on Wednesday 8 July. The Treasurer warned that the cost of locking down Victoria could be up to $1 b...
Read MoreQuarter 3 Outlook: Coronavirus Resurgence May Threaten Recovery
By Deepta Bolaky @DeeptaGOMarkets The Great Lockdown and Grand Reopening The Great Lockdown in the first quarter followed by the Grand Reopening in the second quarter took the financial markets on a wild swing. Given the unprecedented nature of the various forms of lockdowns, global equities have plunged to bear levels in a very fast manner. Mass...
Read MoreThe Lockdown, the Fallout and the Roadmap to Recovery
By Deepta Bolaky @DeeptaGOMarkets Global Lockdown In an abrupt and unprecedented manner, the world witnessed a mass halt to global activities due to the pandemic. Governments and central banks rushed in to intervene and support the global economy with unconventional measures to cushion the impact of the coronavirus on their economies and ease ma...
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