Source: PaxForex Premium Analytics Portal, Fundamental Insight The Walt Disney Company faced challenges last quarter, with mixed results that left some investors disappointed. While the company achieved its first-ever operating profit in its streaming business - a significant milestone - its theme parks struggled with inflationary pressures, both from rising costs and from consumers tightening their spending. Following the release of its fiscal third-quarter results, Disney's stock dropped by more than 4% on Thursday. Despite this dip...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US Monthly Budget Statement for July is predicted at -$254.3B. Forex traders can compare this to the US Monthly Budget Statement for June, reported at -$66.0B. Today’s economic calendar is light, and traders may focus on the New York Federal Reserve 1-Year Consumer Inflation Expectations Index. A move down from the 3.0% reading posted in July could please bulls. A stagnant reading or an increase in inflationary pressures similar to that in the EU or China could...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Although the COVID-19 pandemic has faded from the forefront for most investors, Pfizer continues to grapple with the aftermath of its record-breaking vaccine sales and earnings in 2021 and 2022. The stock has declined by about 53% from its peak, as the market questions whether the pharmaceutical giant can discover its next blockbuster drug. However, there’s a silver lining: Pfizer’s recent results indicate a rebound in growth. Sales momentum from several new product...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Microsoft's stock has dropped over 11% in the past month due to several factors. The decline began in July with a tech sell-off, triggered by concerns in the chip market and the onset of the earnings season. The situation worsened when Microsoft reported its Q4 2024 results. Despite exceeding expectations in revenue and earnings per share, a shortfall in its cloud division led to a 7% drop in Microsoft's stock price during after-hours trading on July 30, as Wall Street...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The French Unemployment Rate for the second quarter was reported at 7.3%. Economists predicted a reading of 7.5%. Forex traders can compare this to the French Unemployment Rate for the first quarter, which stood at 7.5%. The final German CPI for July rose 0.3% monthly and 2.3% annualized. Economists predicted an increase of 0.3% and 2.3%. Forex traders can compare this to the German CPI for June, which expanded 0.1% monthly and 2.2% annualized. The final EU Harmonized German...