Source: PaxForex Premium Analytics Portal, Fundamental Insight In the wake of Alphabet's release of its Q3 2023 report, both classes of Alphabet stock, GOOGL and GOOG, experienced declines in after-hours trading, dropping by 6.1% and 5.9%, respectively. The primary reason for this downward trend can be attributed to Google Cloud's slower growth, which fell short of Wall Street's expectations. Nevertheless, it's important to note that the company's Q3 revenue and earnings managed to exceed analyst consensus estimates. A...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian CPI for the third quarter increased 1.2% quarterly and 5.4% annualized. Economists predicted an expansion of 1.1% quarterly and 5.3% annualized. Forex traders can compare this to the Australian CPI for the second quarter, which rose 0.8% quarterly and 6.0% annualized. The RBA Trimmed Mean CPI for the third quarter increased 1.2% quarterly and 5.2% annualized. Economists predicted a rise of 1.1% quarterly and 5.0% annualized. Forex traders can compare this to the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It may be an opportune moment to rekindle your interest in Procter & Gamble stock. The consumer goods giant recently unveiled robust quarterly earnings results, characterized by a rapid surge in organic sales and expanding profit margins. When examining beyond the surface, we can discern both encouraging and less favorable trends that investors should monitor while contemplating the inclusion of this dividend powerhouse in their portfolios. Let's delve deeper into these...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German GfK Consumer Confidence Survey for November came in at -28.1. Economists predicted a figure of -26.6. Forex traders can compare this to the German GfK Consumer Confidence Survey for October, reported at -26.7. The Preliminary French HCOB Manufacturing PMI for October is predicted at 44.4, the Preliminary French HCOB Services PMI at 44.6, and the Preliminary French HCOB Composite PMI at 44.4. Forex traders can compare this to the French HCOB Manufacturing PMI for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After an almost two-year-long journey, Microsoft has successfully concluded its acquisition of Activision Blizzard. Despite the regulatory hurdles and concessions Microsoft had to navigate, the deal has been finalized. Activision Blizzard is now officially integrated into Microsoft, contributing to the company's top and bottom lines. While Microsoft has been a strong performer in the stock market in recent years, its valuation has become relatively high. With Microsoft...