Source: PaxForex Premium Analytics Portal, Fundamental Insight It appears highly likely that a recession will occur this year, given that the nation's real gross domestic product grew at an annual rate of merely 1.1% during the first quarter, a drop from 2.6% in the previous period. Furthermore, as interest rates continue to increase and firms scale back spending, the situation is expected to worsen. Despite these circumstances, McDonald's may be a company that can withstand the economic downturn. According to its latest earnings...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for April is predicted to show 180K job additions and an unemployment rate of 3.6%. Forex traders can compare this to the US NFP Report for March, which showed 236K job additions and an unemployment rate of 3.5%. Private Payrolls for April are predicted to show 160K job additions and Manufacturing Payrolls 5K job losses. Forex traders can compare this to Private Payrolls for March, which showed 189K job additions, and Manufacturing Payrolls, which showed 1K job...
Source: PaxForex Premium Analytics Portal, Fundamental Insight General Electric has continued to make progress, with its stock rising by an impressive 49% in 2023. While management has raised the low end of its guidance range after a good quarter, the real story lies in the details of the earnings report. With the company set to split into two separate entities early next year, it is essential that both the power and renewable energy businesses are in good shape. Fortunately, the evidence from the first quarter suggests that all three...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Building Permits for March surged 7.0% monthly. Economists predicted a decrease of 0.3%. Forex traders can compare this to New Zealand Building Permits for February, which plunged 9.4% monthly. The New Zealand ANZ Commodity Price Index for March dropped 1.7% monthly. Economists predicted an increase of 1.2%. Forex traders can compare this to the New Zealand ANZ Commodity Price Index for February, which rose 1.3% monthly. The German Trade Balance for March is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight On April 27, Intel released its Q1 report, revealing a 36% YoY decline in revenue to $11.7 billion. However, the chipmaker managed to surpass analysts' forecasts by $570 million. Although Intel's adjusted net loss of $169 million was significantly lower than its net profit of $3.6 billion from the previous year, its adjusted loss of $0.04 per share still exceeded the consensus forecast by $0.10. Despite the significant drop in revenue, Intel's stock increased by 4%...