Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK CPI for February increased by 1.1% monthly and 10.4% annualized. Economists predicted a rise of 0.6% and 9.9%. Forex traders can compare this to the UK CPI for January, which decreased by 0.6% monthly and surged by 10.1% annualized. The UK Core CPI for February expanded by 1.2% monthly and 6.2% annualized. Economists predicted an increase of 0.8% and 5.7%. Forex traders can compare this to the UK CPI for January, which contracted by 0.9% monthly and rose by 5.8%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Procter & Gamble is about halfway through fiscal 2023, and investors are already seeing clear themes about its growth opportunities. On the positive side, P&G expects strong sales growth even after two consecutive years of above-average growth. However, risks are rising as consumers become more price-sensitive and costs continue to rise. Given this backdrop, let's take a closer look at the consumer products giant's outlook for 2023 and beyond. Procter &...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for February came in at -NZ$714M monthly and at -NZ$15,640M annualized. Forex traders can compare this to the New Zealand Trade Balance for January, reported at -NZ$2,113M monthly and -NZ$15,650M annualized. Exports for February came in at NZ$5.23B, and Imports at NZ$5.95B. Forex traders can compare this to Exports for January, reported at NZ$5.30B, and Imports at NZ$7.42B. New Zealand Credit Card Spending for February sky-rocketed 25.6% annualized...
Source: PaxForex Premium Analytics Portal, Fundamental Insight You are probably very familiar with the common judgment about Pfizer. It is quite depressing. The company is heavily dependent on its COVID-19 vaccine Comirnaty and its antiviral therapy Paxlovid. Sales of both drugs are expected to decline significantly this year. Pfizer will also face patent expirations on a number of its other best-selling drugs in the next few years. Thus, one can assume that this company's stock will be bypassed. But while the conventional wisdom is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Financial markets, especially the tech sector, could face downside pressures as the woes in the banking sector continue. UBS agreed to buy its smaller cross-town rival Credit Suisse for CHF3.0 billion late Sunday evening attempting to prevent a systematic crisis. Credit Suisse, with over CHF530 billion in assets, was twice the size of Lehman Brothers. Unlike the US regional bank collapse of Silicon Valley Bank and Signature Bank, Credit Suisse was at the core of global finance....